The highly anticipated Midnight Airdrop, featuring 24 billion NIGHT tokens, stands out as one of August’s most significant crypto events. Its connection to Cardano has sparked considerable interest, particularly given Charles Hoskinson’s active promotion of the project. The exact launch date remains undisclosed but will be announced at the upcoming Rare Evo event beginning August 6, giving attendees exclusive early access to this crucial information.
Airdrop Structure and Distribution Details
Midnight operates as a privacy-focused sidechain on the Cardano blockchain and plans to distribute its 24 billion token supply across the crypto community. While the official launch date hasn’t been confirmed, snapshot details and allocation percentages have already been released. ADA holders will receive 50% of the total NIGHT supply, with BTC holders getting 20% and the remaining 30% going to other cryptocurrency investors.
The distribution includes a notable allocation of 1.2 billion tokens to a single XRP wallet containing 2.2 million XRP, which has generated additional excitement around the event. With approximately 37 million wallets qualifying for the airdrop, this distribution ranks among the year’s largest crypto airdrops. The conversion rate for ADA holders has been set at 1 ADA = 0.34 NIGHT tokens.
🎁 Super Airdrop will start tomorrow!
⏰ Start time: May 31st 14:30 (UTC time)
This is a limited-time airdrop opportunity, please be sure to participate on time, don’t miss it!
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— EFSANE (@EFSANEGlobal) May 30, 2025
Once the airdrop goes live, eligible participants will have a 60-day window to claim their allocated NIGHT tokens, though the exact claim process details remain to be announced.
Rare Evo Event Details and Attendance Options
Charles Hoskinson will reveal the official Midnight airdrop date during the Rare Evo convention, a multi-chain Web3 event bringing together blockchain communities, developers, and investors. The convention runs from August 6 through August 10 at Caesars Palace in Las Vegas, featuring various keynote speakers and blockchain industry discussions.
Three ticket tiers are available for those wanting to attend. The General Admission pass costs $350 and includes basic event access with non-reserved seating. The VIP ticket, priced at $1,200, offers exclusive entry, meals on Friday and Saturday, priority lounge access, workshops, and merchandise packages. The premium Whale Pass costs $10,000 and includes all VIP benefits plus a four-night stay in a Caesars Palace Suite and additional perks.
Attendees can purchase tickets directly through the official Rare Evo website, with a 5% discount available for cryptocurrency payments. This provides direct access to the announcement and other blockchain industry insights shared throughout the convention.
Potential Market Reaction
The Midnight airdrop announcement and its substantial 24 billion token distribution may generate moderate trading activity around ADA and related assets as eligible holders prepare for the upcoming distribution. Given the neutral market sentiment, the impact will likely depend on broader crypto market conditions and the specific launch details revealed at Rare Evo.
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