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The Midnight token airdrop is set to be the largest in history, generating significant interest among cryptocurrency enthusiasts. Many users are curious about their eligibility based on their wallet types, such as iTrust or hardware wallets. This article aims to clarify these concerns and provide essential details about the airdrop process.
The airdrop will encompass eight eligible ecosystems, including Cardano (ADA), which boasts the largest allocation. Other participating blockchains include Bitcoin, Ethereum, Solana, XRP, Binance Smart Chain (BNB), Avalanche (AVAX), and Basic Attention Token (BAT). Notably, ADA holds a significant position despite having fewer wallets compared to Bitcoin and Ethereum.
The total supply of Midnight tokens is 24 billion, with allocations distributed as follows: 50% to ADA, 20% to Bitcoin, and the remaining 30% shared among other blockchains. For every ADA held, users will receive 0.34 Midnight tokens, while Bitcoin holders will receive 696 tokens per Bitcoin. This distribution highlights the importance of holding these tokens in self-custody.
To qualify for the airdrop, tokens must be held in verified wallets. Compatible wallets for ADA include Lace, Yoroi, Typhoon, Euro, Vesper, and Eternal on desktop. Hardware wallets are still being evaluated, but Ledger and Trezor have been confirmed as compatible options. Users holding multiple eligible tokens across different wallets can also qualify for the airdrop.
Wallets can connect to the Midnight token portal through native token connections or via WalletConnect. Native connections are specifically implemented for Cardano-based claims, while WalletConnect extends compatibility to various non-Cardano wallets. Users should ensure they are using verified wallets to avoid complications during the claiming process.
As the airdrop approaches, the potential for scams increases. Users are advised to remain vigilant and only use official channels for information and claims. The official website, midnight.gd, will provide updates and details on the airdrop process. It is crucial to avoid phishing attempts and ensure that personal information is kept secure.
Recent price action for ADA has shown a promising V-shaped recovery, indicating a potential inverse head and shoulders pattern. This technical analysis suggests that ADA may experience a significant upward movement, which could positively impact the overall sentiment surrounding the Midnight token airdrop.
Q: What is the Midnight token airdrop?
A: The Midnight token airdrop is set to be the largest in history, generating significant interest among cryptocurrency enthusiasts. It aims to clarify eligibility based on wallet types and provide essential details about the airdrop process.
Q: Which ecosystems are eligible for the airdrop?
A: The airdrop will encompass eight eligible ecosystems, including Cardano (ADA), Bitcoin, Ethereum, Solana, XRP, Binance Smart Chain (BNB), Avalanche (AVAX), and Basic Attention Token (BAT).
Q: How are Midnight tokens distributed?
A: The total supply of Midnight tokens is 24 billion, with 50% allocated to ADA, 20% to Bitcoin, and the remaining 30% shared among other blockchains. Users will receive 0.34 Midnight tokens for every ADA held and 696 tokens per Bitcoin.
Q: What wallets are compatible for the airdrop?
A: To qualify for the airdrop, tokens must be held in verified wallets. Compatible wallets for ADA include Lace, Yoroi, Typhoon, Euro, Vesper, and Eternal on desktop. Ledger and Trezor hardware wallets have also been confirmed as compatible.
Q: How can I connect my wallet to the Midnight token portal?
A: Wallets can connect to the Midnight token portal through native token connections or via WalletConnect. Native connections are for Cardano-based claims, while WalletConnect extends compatibility to various non-Cardano wallets.
Q: How can I avoid scams during the airdrop?
A: Users are advised to remain vigilant and only use official channels for information and claims. The official website, midnight.gd, will provide updates and details on the airdrop process. Avoid phishing attempts and keep personal information secure.
Q: What is the current price action of ADA?
A: Recent price action for ADA has shown a promising V-shaped recovery, indicating a potential inverse head and shoulders pattern, suggesting that ADA may experience significant upward movement.