What is Midnight Token? Complete Guide

Midnight token (NIGHT) is the native utility token of Midnight, a privacy-focused blockchain that operates as a sidechain of Cardano. Midnight was developed by Input Output Global (IOG), the same team behind Cardano.

What makes Midnight token unique is its non-expendable nature. Unlike most cryptocurrencies where you spend tokens for transaction fees (like ETH for gas), Midnight is never consumed. Instead, holding Midnight automatically generates DUST - a renewable resource used to pay for Midnight transactions.

This innovative mechanism means your Midnight balance never decreases from using the network, providing predictable costs regardless of Midnight price volatility.

Midnight is a privacy-focused blockchain built as a sidechain of Cardano. It enables developers to build applications that protect sensitive data while still allowing regulatory compliance.

Key features of Midnight blockchain:

• Privacy-preserving smart contracts
• Selective disclosure of information
• Built on Cardano's security model
• Interoperability with Cardano mainnet
• Zero-knowledge proof technology

Midnight token (NIGHT) is the fuel that powers this privacy ecosystem through its DUST generation mechanism.

There is no difference! Midnight token and NIGHT refer to the same asset:

• Midnight - The blockchain name and common token name
• NIGHT - The official ticker symbol

When you see "Midnight token," "NIGHT token," or just "NIGHT," they all refer to the same cryptocurrency - the native utility token of the Midnight blockchain.

Distribution:

• Glacier Drop: 50% to Cardano, 20% to Bitcoin, remainder to other networks
• Scavenger Mine: Unclaimed tokens from Glacier Drop
• Reserve: ~30% for block production rewards
• Foundation: ~35% for ecosystem development
• Treasury: ~5% for on-chain governance

Vesting: 4 installments over 360 days (25% each at 90-day intervals)