OKX crypto alternate has launched a brand new airdrop marketing campaign for Midnight, Cardano’s accomplice chain, providing eligible customers throughout Europe a complete reward pool of 5 million $NIGHT tokens.
The seven-day marketing campaign adopts a Commerce-to-Earn mannequin, rewarding customers primarily based on each their crypto holdings and buying and selling exercise. In accordance with the marketing campaign countdown, individuals have 5 days remaining to register and qualify for the promotion.
Eligible customers who full the registration and fulfill the marketing campaign necessities will robotically obtain day by day $NIGHT token distributions all through the promotional interval.
OKX Combines Asset Holdings With Buying and selling Exercise
Not like conventional cryptocurrency airdrops that primarily reward pockets holders, OKX’s newest X Drops marketing campaign requires individuals to take care of eligible crypto property whereas actively buying and selling on the platform.
To qualify for the promotion, customers should:
- Maintain a minimum of €500 ($571.85) price of eligible cryptocurrency property of their OKX account. Practically all non-stablecoin cryptocurrencies qualify.
- Commerce eligible cryptocurrency pairs through the marketing campaign interval.
- Register for the X Drops marketing campaign earlier than the registration deadline.
As soon as customers meet these situations, they robotically grow to be eligible to obtain day by day allocations from the 5 million $NIGHT token reward pool with out submitting further claims.
Commerce-to-Earn Mannequin Rewards Lively Members
A key characteristic of the marketing campaign is its Commerce-to-Earn mechanism, which determines rewards primarily based on every participant’s buying and selling quantity fairly than distributing equal quantities to everybody.
OKX calculates every person’s share utilizing a rolling seven-day buying and selling quantity. In consequence, individuals who generate increased qualifying buying and selling volumes obtain a bigger portion of the day by day $NIGHT token rewards.
The alternate additionally presents a further incentive for buying and selling the Midnight token itself. Particularly, all qualifying $NIGHT trades obtain a 5x weighting when calculating rewards, permitting energetic $NIGHT merchants to extend their share of the day by day distribution.
As soon as calculated, rewards are credited robotically to eligible customers’ accounts every day with out requiring any handbook redemption.
Midnight’s First Airdrop
The present OKX marketing campaign is just not Midnight’s first large-scale token distribution.
The $NIGHT token formally debuted by means of a multi-chain airdrop that rewarded holders throughout eight blockchain networks, together with XRP Ledger, Cardano, Solana, Ethereum, and Bitcoin. Customers who held a minimum of $100 price of the native property on eligible blockchains certified to obtain $NIGHT allocations.
The Midnight Basis adopted a phased redemption schedule. Allotted tokens unlock regularly over 4 quarterly intervals, with 25% turning into redeemable throughout every section.
The third redemption window is presently energetic and runs from June 8 by means of September 5, 2026. The ultimate redemption interval is scheduled to happen between September 6 and December 4, 2026, permitting eligible recipients to say the rest of their allotted $NIGHT tokens.
Within the meantime, $NIGHT was buying and selling at $0.027, down 11.22% over the previous week, and eight.81% over the previous month. With a market cap of $459.97 million, $NIGHT ranks because the 81st-biggest token on CoinMarketCap.
