Midnight Network Unveils Scavenger Mine for NIGHT Token Phase 2

This summer, the Midnight Tokenomics Paper was released, detailing the economic structure and aspirational goals of Midnight, a pioneering fourth-generation blockchain focused on enhancing on-chain privacy. The document introduced $NIGHT, the governance and ownership token for the network, and presented Glacial Drop, an innovative, equitable, multi-phase token distribution model aimed at ensuring widespread access.

Today marks a significant milestone in this journey with the initiation of Scavenger Mine, the second phase of the distribution for NIGHT tokens. This phase has been designed for universal participation, requiring only a web browser on a desktop or laptop and an internet connection—no technical background or prior affiliation with the ecosystem is necessary.

Joining Scavenger Mine is straightforward and requires no special software. Everything occurs within a browser on a desktop or laptop. Please note that mobile devices are not supported. Here’s how you can participate:

During the Scavenger Mine phase, all unclaimed tokens from the initial phase will be distributed among participants, core network members, and the upcoming third claim phase known as Lost-and-Found.

Approximately 626 million NIGHT tokens will be allocated to participants in Scavenger Mine. This total will be evenly distributed over the 21 days of the event, resulting in nearly 30 million NIGHT tokens available in each 24-hour claim cycle, which kicks off daily at 00:00 UTC. The Scavenger Mine phase will wrap up on November 20th at 00:00 UTC.

At the conclusion of each cycle, a snapshot will be recorded. Participants will receive allocations based on the number of solutions to cryptographic puzzles they submit relative to the total number submitted by all participants during that cycle.

For the latest updates and official information about Scavenger Mine, make sure to check midnight.gd/news. Always confirm the URL before connecting your wallet.

If you have any questions, please visit the FAQs for support.

For real-time updates, follow Midnight Network on X.

Lastly, it’s crucial to remember that the only official Midnight accounts on X are @MidnightNtwrk and @midnightfdn, so be cautious of impersonators.