In the first phase of a new distribution model called “Glacier Drop,” eight launch ecosystem token holders invite to claim 100% of $Night Tokens
The Midnight Network Tokonemic Paper is published today, detailing the economic model supporting the Midnight Network (enhanced privacy, Zero Knowledge Smart Contract Blockchain), introducing glacial drops, initially assigning 100% of the $night token to 100%, assigning 100% of the $night token to 100%, assigning 100% to users to users, and assigning 100% to users to users, Eselem, Caumon, Caumon style and avalanche.
This paper, published by Midnight TGE, introduces the $Night Token Distribution Framework, the Glacier Drop, a completely new model of airdrops, from claim period design to redemption mechanisms. The $night Token Delivery Framework – Glacier Drop – consists of three phases starting in July.
Billing stage (60 days): 100% of tokens are allocated and available to eligible participants who minimize the balance of one or more native tokens from eight named networks (Bitcoin, Ethereum, Cardano, Vinance Chain, Brave, Solana, Ripple, Avalanche). Scavenger Mining Stage (30 days): Enlarge participation by allowing everyone to contribute to the launch of Midnight by completing the calculation task, whether or not they are assigned $night in the billing stage. 100% of unclaimed tokens can be used for cleaning through participants’ “Proof of Work” operations. Lost Phase (4 Years): After launching the mainnet, the original eligible wallet that missed the claim window can use a self-directed method to retrieve some of the allocation.
The distribution of tokens following a claim known as the “redemption period” prevents supply shocks by unlocking (or “thawing”) in four installments. This thawing mechanism is designed to reduce volatility and encourage long-term network participation.
“The key obstacle to mainstream adoption of blockchain technology is actually one of its central features. It is one of the lasting transparency that exposes sensitive users and business data, making it impossible for regulators to meet the privacy standards required by individuals and individuals to expect.” “Midnight solves this problem with privacy, which enables programmable smart contracts. This is a breakthrough that allows developers to select shared information without placing sensitive data on-chain.
“In addition, the $night distribution represents the airdropping of what Midnight represents in reasonable privacy. It is a unique, thoughtful and fair approach to difficult and complex tasks,” added Fahmi Syed. “The airdrop landscape is biased towards large-scale intensive actors, just as personal and corporate privacy is in the digital age. Midnight is about this glacier falling as a starting point and tackling those issues in the way necessary for the evolution of the industry.”
Eligibility for glacier drops is determined in advance via snapshots. At the time of the snapshot, a wallet that held a native network token of at least $100 is eligible. Glacier drop snapshots have already been made, and qualifying wallets have already been recorded. This requirement is designed to stop airdrop agriculture and cibil attacks, rewarding authentic users of each ecosystem.
The release of Tokenomics Paper follows the recent launch of the Midnight Foundation, a Cayman-based foundation committed to helping to grow and manage the Midnight blockchain ecosystem.
Around midnight tge
Midnight TGE is a token generation entity responsible for initial distribution of $Night to network participants. Established to support the launch and decentralization of the Midnight Ecosystem, the entity ensures that tokens are allocated according to the project’s token schedule and distribution schedule.
For more information, see Midnighttge.
Midnight Foundation
The Midnight Foundation is an organization dedicated to developing, adopting, and promoting real-world impact of Midnight Network, a privacy-enhancing blockchain project developed in conjunction with Shielded Technologies. Designed for privacy that enables smart contracts, Midnight encourages developers to consider the power to build compliant applications with selective disclosure. It offers a powerful combination of rational privacy, security and decentralization, leveraging $$night as a utility token and $night as a utility resource.
For more information, please visit our website
Disclaimer
All information contained on our website is published in good faith and in general information only. Any actions that readers employ on information found on our website are strictly at their own risk.
