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Cardano Founder Reveals Criteria for Midnight Airdrop Eligibility
As progress is made on the development of Midnight, Charles Hoskinson, the founder of Cardano, recently provided insights into the eligibility criteria for its upcoming airdrop.
New Details on Midnight Airdrop Emerges
During an impromptu AMA session on Nov. 17, Hoskinson shared new information about the Midnight airdrop, sparking excitement and discussions within the Cardano community.
Midnight, a privacy-focused sidechain within the Cardano ecosystem, aims to innovate blockchain privacy. However, inquiries about eligibility and distribution methods are still unanswered, leaving the community eager for more details.
Hoskinson’s Insights on Midnight Airdrop Eligibility
The Midnight project plans to introduce a dual-token system, featuring NIGHT and DUST tokens. NIGHT tokens will be used for governance and staking, while DUST will function as the primary currency on the Midnight blockchain.
In the AMA session, Hoskinson confirmed that ADA holders would be eligible for the DUST airdrop, dubbed a “glacier drop.” Recipients will need to participate in mining on the Midnight blockchain to fully receive their tokens. Cardano will play a key role in the token distribution process.
Community Queries and Speculations
Tobes, the founder of ZKDID, shared insights from the AMA session, with community members raising questions about airdrop mechanics and eligibility criteria. Tobes speculated about the role of stake managed by SPOs in determining eligibility.
Another question revolved around ADA holdings on platforms like Kraken, with suggestions to consider moving stakes for increased eligibility chances. The discussion also touched on the potential role of Cardano Native Tokens (CNTs) in the airdrop process.
Progress in Midnight Development
Midnight’s focus on privacy and regulatory compliance sets it apart. Its use of zk-SNARK technology ensures secure and confidential transactions. Investors and ADA holders eagerly await more clarity on eligibility guidelines, as the project moves forward in development stages.
Hoskinson’s previous updates highlighted the smooth progress of the Midnight project, with the unveiling of the first zkApp on the sidechain. As more announcements are expected in the future, ADA holders are encouraged to stay informed and prepared for participation in the airdrop.
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