The Midnight Network from Cardano has launched its long -awaited Nightdrop -Airdrop and the crypto community responded fully in force. Within a few hours after the launch of 5 August of the “Glacier Drop” phase, more than 11,000 portfolios claimed in eight large block chains more than 250 million nights.
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The Midnight ClaimportalNow live, supports portfolios of Cardano, Bitcoin, Ethereum, XRP, Solana, BNB, Avalanche and Brave’s bat. A total of 33.6 million portfolios are eligible to participate in this multiple phase distribution.
ADA's price trends sideways on the daily chart, despite the launch of the highly anticipated Cardano NIGHT airdrop. Source: ADAUSD on Tradingview
Phased airdrop mechanics and eligible cross-chain
While Cardano users receive the largest share, 50% of the total 24 billion nights of other networks are also included in the decrease. The claim process is designed to be honest and non-legal person, which means that users must be verified and sign a transaction.
This first phase remains open for 60 days, followed by a second phase (detective period) where users can earn non-led tokens through computational tasks on chain. A third “lost and established” phase starts Post-Minnet and allows late claims for a limited fraction of the original allocation.
Ledger wallet Glitch hinders some cardano users
Despite the excitement, not everything went smoothly. Many Ada holders who use Ledger Hardware Wallets, reported problems with trying to claim Nighttokens.
According to the founder of Cardano Charles Hoskinson, the problem of Ledger’s firmware is currently supporting the signing of messages from only 31 bytes, far below the 251 bytes needed for the glacier.
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Cardano developers actively work on a solution and urge affected users to try again later in the month. “If you are one of the affected people, come back to the end of the month and try again,” Hoskinson advised on X.
Upgrade of $ 71 million cannot increase the ADA price
Surprisingly, the momentum of the AirDrop comes at a time when Cardano’s $ 71 million network upgrade has overwhelmed. Designed to improve smart contract performance and scalability, the update has barely moved the price of ADA, which floats around $ 0.72, a decrease of 2.92% in the last 24 hours.
Chatgpt inaugural image, Adausd Chart van TradingView