OKX Cryptocurrency Exchange launches new airdrop campaign for Cardano partner chain Midnight, offering a total reward pool of 5 million to eligible users across Europe $NIGHT token.
The 7-day campaign employs a trade-to-earn model, rewarding users based on both their crypto holdings and trading activity. According to the campaign countdown, participants have five days left to register and qualify for the promotion.
Eligible users who complete registration and meet the campaign conditions will automatically receive a gift every day. $NIGHT Distribution of tokens during the promotional period.
OKX combines asset holdings and trading activities
Unlike traditional cryptocurrency airdrops that primarily reward wallet holders, OKX’s latest X Drops campaign requires participants to maintain eligible crypto assets while actively trading on the platform.
To qualify for the promotion, users must:
- Hold at least EUR 500 ($571.85) worth of eligible cryptocurrency assets in your OKX account. Almost all non-stablecoin cryptocurrencies are eligible.
- Please trade the eligible virtual currency pairs during the campaign period.
- Register for the X Drops campaign before the registration deadline.
If users meet these conditions, they will automatically be eligible to receive a daily quota from 5 million people. $NIGHT You can earn a token reward pool without submitting any additional claims.
Trade-to-Earn Model Rewards Active Participants
The main feature of this campaign is the Trade-to-Earn mechanism, which determines rewards based on each participant’s trading volume, rather than distributing an equal amount to everyone.
OKX uses 7 days of rolling trading volume to calculate each user’s share. As a result, participants who generate more eligible trading volume receive a larger portion of the daily trading value. $NIGHT Token rewards.
The exchange also offers additional incentives for trading Midnight tokens themselves. Specifically, acquire all qualifications. $NIGHT Trades are weighted 5x when calculating rewards, allowing for active trading. $NIGHT Traders can increase their share of daily circulation.
Once calculated, rewards will be automatically deposited into eligible users’ accounts daily without the need for manual redemption.
First airdrop at midnight
The current OKX campaign is not Midnight’s first large-scale token distribution.
of $NIGHT The token officially debuted through a multichain airdrop that rewards holders across eight blockchain networks, including the XRP Ledger, Cardano, Solana, Ethereum, and Bitcoin. Users with at least $100 worth of native assets on eligible blockchains are eligible to receive. $NIGHT allocation.
Midnight Foundation has adopted a graduated redemption schedule. The allocated tokens will be unlocked in stages over four quarterly periods, with 25% redeemable in each phase.
The third redemption period is currently active and runs from June 8 to September 5, 2026. The final redemption period is scheduled to occur from September 6 to December 4, 2026, during which eligible recipients will be able to claim their allocated balance. $NIGHT token.
In the meantime, $NIGHT is trading at $0.027, down 11.22% in the last week and down 8.81% in the past month. The market capitalization is $459.97 million, $NIGHT It is ranked as the 81st largest token on CoinMarketCap.
