In an era where digital currencies continue to reshape the financial landscape, opportunities like airdrops offer investors unique ways to enhance their crypto portfolios. Recently, the Cardano-affiliated Midnight Foundation launched an airdrop specifically targeting XRP holders. However, navigating this opportunity requires caution due to the potential risks associated with scams and phishing attempts. This guide provides a comprehensive overview of what XRP holders need to know to participate securely and effectively in this airdrop event.
XRP Holders’ Guide to the Midnight Foundation Airdrop
Essential Information for XRP Holders
The Midnight Foundation, affiliated with Cardano, has created a unique opportunity for XRP holders through its “Glacier” token airdrop. The foundation’s approach prioritizes security, with the self-custody Xaman Wallet being the only wallet officially supported for participation. As emphasized by Wietse Wind, founder of XRPL Labs, using Xaman ensures a secure airdrop claim process. Users are advised to disregard other wallets to avoid potential scams.
Eligibility and Token Allocation
To qualify for the airdrop, users had to hold a minimum of 43.29 XRP, checked at Ledger index 96724473. The airdrop does not distribute tokens directly to XRP addresses. Instead, it requires participants to create a fresh Cardano (ADA) wallet to claim their NIGHT tokens. The foundation has allocated 5% of its 24-billion NIGHT supply—totaling approximately 1.2 billion tokens—to eligible XRP holders. The claim period commenced on August 5, 2023, and continues for 60 days, followed by potential recovery phases for unclaimed tokens.
Security Measures and Guidelines
The Glacier claim interface supports only desktop browsers, and users are urged to manually type the claim page URL—claim.midnight.gd—to avoid fraudulent sites. With scams prevalent, users should trust only Xaman’s in-app communications for guidance. Wind’s team plans to release a step-by-step guide via an in-app module, ensuring users have clear instructions once the claim verification process is finalized. Until then, participants are advised to await notifications from Xaman before taking any actions.
FAQs
Why is the Xaman Wallet the only trusted method for this airdrop?
The Xaman Wallet’s transaction-signing process is uniquely recognized by the airdrop’s contract, ensuring secure claim verification without additional middleware. Limiting the claim to Xaman Wallet minimizes the attack surface and helps prevent scams related to other unsupported wallets.
What happens to unclaimed NIGHT tokens after the claim period?
Unclaimed tokens will transition into a “Scavenger Mine” phase for 30 days, allowing users a second chance to claim. Following this, a “Lost-and-Found” period will span four years, permitting original claimants to recover any remaining balances.
Can I use social media links to access the airdrop?
No. To prevent phishing attacks, it’s crucial to avoid using social media links for accessing the airdrop. Users should rely solely on the manually entered, official claim URL and Xaman’s in-app communications for all updates and instructions.
Is there a potential for additional wallets to be supported in the future?
While currently Xaman is the sole supported wallet, the Midnight Foundation could potentially expand support to other wallets. However, this would depend on security assessments and the ability to integrate similar secure claim processes.
As the airdrop unfolds, the path for XRP holders is clear: adhere to the established secure procedures, leverage the Xaman Wallet, and ignore all unofficial links and communications. This structured approach ensures that participants can embark on this opportunity with minimized risk, fully aligned with the industry’s best practices for security and accuracy.
