Midnight privacy project (free airdrops)

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If you own Bitcoin, Solana, Cardano, Avalanche or some other select cryptos in your own custodial wallet (not in an exchange account), you may be eligible to claim some NIGHT tokens in their "Glacier Drop" from this page:


More info NIGHT and the drop:


Charles Hoskinson (Ethereum co-dev; Cardano dev) is involved in this project.
 


I've been doing a bit more reading about the Midnight project (NIGHT and DUST coins) and it sounds like an interesting twist on the usual coin paradigm with respect to how the coins will actually function/work once they are live. Personally, I'm happy to see more high profile projects focusing on privacy - I think built-in privacy will eventually be the winning selling point in the crypto marketplace separating 800lb gorillas from the pretenders as real world practicality concerns mature.

Most crypto coins today face a bit of a catch-22 with their initial development. They need capital to develop (code) the network and they need an incentive for people to participate in the network. Bitcoin is often said to have had an immaculate conception as it grew virally without any VCs or tokens reserved by anyone. Most every crypto today has some foundation/company design/code/develop the coin and reserve tranches for VCs, marketing, etc. This structure has contributed to many projects (like Ripple/XRP) to carry risk of being labeled as a security. With this airdrop structure, Midnight is trying something new in launching a crypto by distributing the bulk of the NIGHT tokens in a fair and blind manner. I have no idea how this is going to work out, but it is something different.
 
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