If you’ve been following the latest CryptoNews, you already know that big things are happening in the world of Bitcoin, Crypto, and Blockchain investing. But what if I told you that crypto’s biggest airdrop ever is live right now, and you probably qualify? This is a game-changing moment for holders of some of the most popular cryptocurrencies, including Cardano (ADA), Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and more.
Today, I’m going to walk you through everything you need to know about the Midnight airdrop — what it is, who qualifies, how to claim your tokens, and why a recent SEC rule change is especially bullish for Cardano holders. Plus, I’ll share important tips on wallets and security updates you need to be aware of. If you’re serious about crypto investing, this is one article you don’t want to miss.
What Is the Midnight Airdrop and Why Is It So Massive?
The Midnight airdrop is officially live, and it’s being called crypto’s biggest airdrop ever. To put that into perspective, this airdrop is impacting a staggering 33 million wallets across eight different blockchain ecosystems. If you hold any of the tokens from these ecosystems in a self-custody wallet, you could be eligible to claim free tokens from this airdrop.
Midnight is not just any project; it’s a Cardano partner chain that focuses on privacy, a key feature that many investors and developers have been eagerly awaiting. What makes this airdrop even more exciting is that there were zero presold tokens — meaning 100% of the Midnight tokens are being airdropped to eligible wallets. This is a fair launch, designed to reward the community directly without any tokens being sold to insiders or early investors.
Here’s the breakdown of the eight eligible ecosystems where holders qualify for the Midnight airdrop:
- Cardano (ADA)
- Bitcoin (BTC)
- Ethereum (ETH)
- Solana (SOL)
- XRP (XRP)
- Binance Coin (BNB)
- Avalanche (AVAX)
- Basic Attention Token (BAT)
If you’re holding any of these tokens in a self-custody wallet — meaning the crypto is stored in a wallet you control, not on an exchange — you might already qualify for the Midnight airdrop. Millions of wallets across these blockchains are eligible.
How Big Is the Eligible Wallet Pool?
Here’s a quick snapshot of wallet counts across some of the key blockchains involved:
- Bitcoin: 17 million wallets
- Ethereum: 7 million wallets
- Cardano: 1 million wallets
- XRP: 2 million wallets
- Solana: Millions of wallets qualifying as well
Keep in mind, the snapshot for this airdrop has already been taken. This means any new tokens you deposit into a wallet after the snapshot won’t qualify for the airdrop. Also, only wallets with a minimum of $100 worth of the respective token qualify to claim Midnight tokens.
How Are the Midnight Tokens Distributed?
The Midnight airdrop is structured to reward holders proportionally based on their token holdings across the eight blockchains. Here’s how the allocation breaks down:
- 50% of the Midnight tokens go to Cardano holders
- 20% go to Bitcoin holders
- 30% is split among the remaining six blockchains (Ethereum, Solana, XRP, BNB, Avalanche, and BAT)
If you hold tokens in these wallets, you’ll receive Midnight tokens based on a fixed rate per token held. This means bigger holders of ADA or BTC will get more Midnight tokens compared to smaller holders, but everyone above the $100 threshold is eligible.
Step-by-Step Guide to Claiming Your Midnight Tokens
Claiming your Midnight tokens is straightforward, but it’s crucial to use the right wallet and official links to avoid scams or errors. Here’s a detailed walkthrough of how I claimed my Midnight tokens from multiple wallets.
1. Use Official Claim Links
Go to the official Midnight claim website at https://claim.midnight.gd/. On the top right corner, you’ll find the “Claim Now” button. Clicking this will take you to the claim portal where you can start a new claim.
2. Select Your Blockchain Network
Next, select the blockchain network you want to claim for. Since Midnight supports eight blockchains, choose the one where you hold eligible tokens. For example, if you hold Cardano and Solana, you can claim for both separately.
3. Choose Your Wallet
It’s important to use a self-custody wallet compatible with the Midnight token. For Cardano, the best choice is the Lace Wallet, developed by Input Output Global (IOG), the company founded by Charles Hoskinson, Cardano’s creator.
Lace Wallet is currently the only wallet with all Midnight features available on day one, making it the preferred option for Cardano natives and others.
For Ethereum-based tokens or Avalanche, you can use MetaMask, while Solana holders can use compatible Solana wallets.
4. Confirm Your Claim and Sign the Transaction
After selecting your wallet, you’ll see the amount of Midnight tokens you’re eligible to claim. Confirm the amount, agree to the terms of service, and sign the transaction within your wallet.
Once signed, you should see a confirmation screen stating “All done.” This means your claim is complete, though keep in mind the Midnight tokens are not tradable yet — you are simply securing your airdrop allocation.
5. Repeat for Other Networks
If you have eligible tokens on other blockchains, repeat the claim process for each network. For example, after claiming my Cardano tokens, I claimed my Solana Midnight tokens using my Solana wallet and received an additional allocation.
Why the SEC’s Latest Rule Change Is a Game-Changer for Cardano and Other Proof-of-Stake Chains
Alongside the Midnight airdrop excitement, there’s important regulatory news that could significantly impact Cardano holders and the broader crypto space.
The U.S. Securities and Exchange Commission (SEC) recently made a landmark statement regarding staking rewards and liquid staking activities. Previously, there was uncertainty whether staking rewards could be considered securities, which would subject them to heavy regulation and restrictions.
Now, the SEC has clarified that protocol staking rewards do not involve the offer or sale of securities. This means that when you receive staking rewards from proof-of-stake blockchains like Cardano or Solana, those rewards are not classified as securities.
This reclassification opens up many opportunities for Cardano and other PoS chains, reducing regulatory risks and paving the way for more widespread adoption and innovation in staking-related products and services.
Ledger Wallet Update: What Cardano Holders Need to Know
Many Cardano holders use Ledger hardware wallets for security, but there’s been a recent update regarding Ledger compatibility with the Midnight airdrop and Cardano transactions.
Charles Hoskinson shared that Ledger needs to update their software to fix a “CIP-8 messaging error” which involves adding more bytes to blockchain transactions. The update was requested in July, but Ledger has not yet provided a timeline.
This issue temporarily affects the ability to claim Midnight tokens or perform some Cardano transactions via Ledger wallets. However, this fix is expected soon, and Ledger is likely to move quickly on it.
In the meantime, I’m using the Lace Wallet to claim and hold my Midnight tokens, and I recommend others do the same until Ledger’s update is released.
Why Self-Custody Wallets Matter for Crypto Investors
One of the most important takeaways from the Midnight airdrop is the emphasis on self-custody wallets. If your tokens are sitting on an exchange, you won’t qualify for the airdrop. This is a crucial reminder that holding your crypto in wallets where you control the private keys not only secures your assets better but also enables you to benefit from opportunities like airdrops.
Self-custody wallets give you full control and ownership, which aligns with the decentralized ethos of blockchain and crypto investing. Wallets like Lace for Cardano, MetaMask for Ethereum and Avalanche, and Phantom or Solflare for Solana are excellent choices for managing your assets securely.
How to Prepare for the Future with Your Midnight Tokens
Once you’ve claimed your Midnight tokens, what’s next? Here are some tips to consider:
- Hold Your Tokens: Midnight tokens are not tradable yet. This means you should keep them safely in your wallet until trading or utility features are enabled.
- Consolidate Your Tokens: If you claimed Midnight tokens across multiple blockchains, consider consolidating them into a single wallet like Lace to simplify management.
- Stay Updated: Follow official Midnight channels and trusted crypto news sources for announcements about token utility, trading launches, and governance.
- Understand the Project: Visit midnight.network to read the white paper and learn more about the project’s vision, technology, and roadmap.
Why Midnight Could Be a Game Changer in Crypto
Midnight’s focus on privacy, combined with a fair launch and massive community involvement, positions it as a project to watch closely. Privacy is a critical component missing from many blockchains today, and Midnight aims to bridge that gap while leveraging Cardano’s robust infrastructure.
Moreover, the massive scale of the airdrop — spanning millions of wallets across eight blockchains — is unprecedented. It’s a clear signal that Midnight is aiming to build a broad and diverse ecosystem from day one.
For investors and crypto enthusiasts, this means early involvement could yield significant benefits if Midnight achieves its ambitious goals.
Key Takeaways for Bitcoin, Crypto, BTC, Blockchain, and Investing Enthusiasts
- The Midnight airdrop is live, affecting 33 million wallets across eight blockchains, including major tokens like Bitcoin, Ethereum, and Cardano.
- To qualify, you must hold at least $100 worth of the token in a self-custody wallet at the time of the snapshot.
- 50% of the Midnight tokens go to Cardano holders, 20% to Bitcoin holders, and 30% are split among other blockchains.
- Claim your tokens safely through the official Midnight claim portal using wallets like Lace for Cardano and MetaMask for Ethereum and Avalanche.
- The SEC’s recent rule change clarifies staking rewards are not securities, which is very bullish for Cardano and other proof-of-stake chains.
- Ledger wallet users should expect a software update soon to fix a messaging error affecting Cardano transactions.
- Self-custody wallets remain key for accessing airdrops and controlling your crypto assets securely.
If you’re serious about Bitcoin, Crypto, BTC, Blockchain, or investing in the future of digital assets, now is the time to act. Claim your Midnight tokens, stay informed about regulatory changes, and position yourself to benefit from the evolving landscape of crypto privacy and staking.
And remember, always do your own research and never take one source as your sole financial guidance. The crypto world moves fast, and knowledge is your most valuable asset.
See you at the top with your Midnight tokens!
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