The Midnight Tokenomics Paper, released earlier this summer, laid out the economic framework and vision for Midnight, a fourth-generation blockchain redefining on-chain privacy. It introduced $NIGHT, the network’s governance and ownership token, and Glacial Drop, a radically fair, multi-phase token distribution model designed to promote inclusive access.
That vision enters its next stage today with the launch of Scavenger Mine, the second phase of the NIGHT token distribution. This phase is open to everyone, requiring only a web browser on a desktop or laptop computer and an internet connection. No prior technical experience or ecosystem affiliation is needed.
How to Participate
Participation requires no specialized software as it all takes place within a browser window on a desktop or laptop computer. Smartphones are not supported. Here’s how to get started:
- Register: You will be able to access the portal through sm.midnight.gd, then you can register. Connect a verified Cardano wallet or enter your Destination address manually, then read and accept the Token End User Agreement.
- Sign: Next, sign the unique claim message. This message contains your Destination address, a hash of the terms, and an acceptance statement, which binds your address to the current browser.
- Start: Click ‘Start’ to begin processing solutions. The app will run as long as your device and browser remain active. To maximize your potential allocation, you can run the instance for the full 24-hour period each day.
How tokens are allocated
During Scavenger Mine, all unclaimed tokens from the first phase will be processed and apportioned between participants, core network constituents, and the third claim phase (Lost-and-Found).
Approximately 626 million NIGHT tokens will be available for Scavenger Mine participants. This total is divided equally across the 21 days of the event, meaning nearly 30 million NIGHT tokens are available in each 24-hour claim cycle, which begins daily at 00:00 UTC. The Scavenger Mine phase will conclude on November 20th at 00:00 UTC.
At the end of each cycle, a snapshot is taken. Participants receive allocations proportional to the number of solutions to cryptographic challenges they submit relative to the total solutions submitted by all participants during that cycle.
A reminder about official channels
Remember that official news and information related to Scavenger Mine will be posted on midnight.gd/news. Always double-check the URL before connecting a wallet.
For all support questions, refer to the FAQs.
For all the latest updates, follow Midnight Network on X.
Also, an important reminder that the only official Midnight social accounts on X are @MidnightNtwrk and @midnightfdn and the only technology partner account is @shieldedtech.
Don’t interact with fake Midnight accounts, and:
- Always double-check handles
- Never click suspicious links
- Report and block impersonators
If you aren’t sure if something is real, check midnight.network or midnight.gd.
About Midnight TGE
Midnight TGE is a token-generating entity responsible for the initial distribution of $NIGHT to network participants. Established to support the launch and decentralization of the Midnight ecosystem, the entity ensures tokens are allocated in accordance with the project’s tokenomics and distribution schedule.
For more information, visit: https://midnightTGE
About Midnight Foundation
The Midnight Foundation is an organization dedicated to advancing the development, adoption, and real-world impact of the Midnight network, the privacy-enhancing blockchain project developed in conjunction with Shielded Technologies. Designed for privacy-enabling smart contracts, Midnight encourages developers to consider the power of building compliant applications with selective disclosures. It leverages zero-knowledge proofs and a cooperative tokenomics architecture—with $NIGHT as the utility token and DUST as the utility resource—to deliver a powerful combination of rational privacy, security, and decentralization. For more information, visit: https://midnight.foundation
Source: https://beincrypto.com/midnight-scavenger-mine-night-token-distribution/
