Cardano’s Midnight Begins Phase Two Of Glacier Drop, Records Milestone With Scavenger Mine
Following the significant momentum gained with the Glacier Drop, Cardano Midnight has announced Phase 2, opening the floodgates to a wider demographic. Dubbed Scavenger Mine, the 21-day event will see NIGHT...
Following the significant momentum gained with the Glacier Drop, Cardano Midnight has announced Phase 2, opening the floodgates to a wider demographic. Dubbed Scavenger Mine, the 21-day event will see NIGHT tokens distributed to participants, but early challenges threaten to derail the process.
Midnight’s Scavenger Mine Gets Underway
According to an official announcement, Cardano’s privacy sidechain has launched Scavenger Mine as the second phase of its Glacier Drop. According to the official statement, the Scavenger Mine event will feature the allocation of NIGHT tokens to eligible participants through a multi-phase token distribution.
The team disclosed that the distribution will involve three claim phases and one redemption period designed to encourage participation. Under the Scavenger Mine event, participants can claim token allocations by completing puzzles or computational tasks.
Upon completion, claimants will be able to access their token allocations during the redemption period, transferring them to their Cardano destination address. A notice on the official website revealed that the tokens will be unlocked in four installments over 360 days, with an additional 90-day grace period.
During the widely anticipated Glacier Drop, Midnight’s team earmarked 12 billion NIGHT tokens to be allocated to eligible participants across select blockchains. However, only 3.5 billion NIGHT tokens, representing 14% of the total supply, have been claimed.
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Scheduled for 21 days, the Scavenger Mine event reallocates unclaimed tokens from the Glacier Drop back in July to participants. While Phase One was limited to eight blockchains, the official statement noted that Scavenger Mine is open to all, with the primary requirement being a Cardano Destination address.
A surge in interest triggers technical issues
In the first two hours after launch, over 105,000 addresses participated in the Scavenger Mine event. Within 12 hours, the team had logged 3.2 million solutions to the cryptographic puzzle, which it described as a “massive show of participation.”
However, barely a day since the start of the event, the team has hit its first roadblock, triggered by an “extraordinary volume of user activity.” In a statement on X, the team disclosed that Scavenger Mine systems are experiencing high loads, causing valid submissions to appear as invalid.
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