Midnight Network, a blockchain focused on confidentiality, taking advantage of the smart knowledge of zero knowledge contracts, published its Tokenomics document and unveiled its airport mechanism of “Drop glacier” before complaints for the native nighttime from next month.
The project said that Glacier Drop is a new process that allocates all night tokens to eight major blockchain ecosystems and takes place in three sequential phases. The tokens will be available on Bitcoin, Ethereum, Cardano, Solana, Binance Chain, Brave, Ripple and Avalanche, the company announced on a press release on Monday.
First, during a 60-day complaint period from July, eligible portfolios, those who hold at least $ 100 in native tokens at the time of a pre-announcement snapshot, can claim their full allowance.
This is followed by a 30 -day treasure mine phase, which redistributes all non -claimed tokens to participants who perform calculation tasks using a work proof mechanism.
After the launch of the network of the network later this year, a lost and peaked phase of four years will allow the original applicants who missed the initial window to recover part of their Allocation by Autodirige verification.
To avoid feeding shocks, night tokens will unlock in four randomized payments over a period of 360 days. This “defrost mechanism” aims to moisten volatility and promote long -term commitment to the network.
Fahmi Syed, president of the Midnight Foundation, based in Cayman, who oversees the project, said that the approach reflects the broader vision of the “rational privacy” network, giving developers a granular control of the shared data on the chain.
The instantaneous eligibility has already taken place and more information is available on Midnight.network.
