Family, who understands? Recently, I have been focusing on a new project in the privacy track, which just launched a new activity on Binance @MidnightNetwork .

Actually, I first noticed Midnight Network because it is a privacy chain personally built by Cardano founder Charles Hoskinson. After all, everyone can see the technical foundation that Cardano has accumulated over the years. So, since the project was first exposed, I have been following its progress. As everyone knows, in the Web3 circle, privacy and compliance are almost an unsolvable deadlock: many public chains that emphasize privacy either have too strong anonymity and cross the regulatory red line or directly discard privacy for compliance. It's really difficult for ordinary users and businesses to find a chain that can protect sensitive data while also meeting compliance requirements, and Midnight Network happens to hit this industry's pain point precisely.

It uses a recursive zk-SNARKs zero-knowledge proof technology based on the Halo2 framework to create a remarkable dual-state architecture: one side is a public state similar to a regular public chain, where transaction proofs and contract codes are fully transparent and auditable, completely meeting core requirements for auditability and compliance; on the other side is a private state fully controlled by the user, where personal sensitive information and critical business data are not broadcast on-chain and exist entirely locally. Through zero-knowledge technology, the two states are seamlessly connected without exposing original data, perfectly balancing privacy protection and compliance requirements.

Its dual-token design is also one of the most outstanding aspects in my opinion. The native token is NIGHT, with a total maximum supply of 24 billion tokens. The circulating supply at the time of Binance's launch was approximately 16.607 billion tokens. NIGHT can not only be traded in the secondary market but is also the core of governance for the entire Midnight network. Holding NIGHT allows you to participate in governance voting and stake to earn block rewards. Most importantly, holding can continuously generate DUST resources. This DUST serves as the fee fuel within the network, used for both on-chain transfers and executing privacy smart contracts. Moreover, DUST is non-transferable and is directly destroyed after use. As a result, even if the market price of $NIGHT fluctuates, the users' on-chain usage costs remain stable, avoiding the outrageous fees that other public chains experience during market fluctuations. This design truly aligns with practical usage needs.

It’s important to highlight the new activity launched on Binance on March 11. Binance not only officially launched spot trading for $NIGHT but also opened trading pairs with USDT, USDC, BNB, and TRY. In addition, Binance designated NIGHT as the 61st HODLer airdrop project, offering tangible benefits to users holding positions in March 2026. As long as they hold the corresponding positions in BNB and FDUSD during the snapshot period, they can share a total of up to 48 million NIGHT tokens without any extra operations. Just holding the positions allows them to receive airdrops effortlessly. This sincerity clearly attracted a large number of users on the first day of launch, pushing the trading volume to the top of Binance’s spot trading list, generating immense hype.

In fact, I have been paying attention to the Network, which has long gone beyond this limitation. It offers a complete set of privacy compliance solutions adaptable to all scenarios, whether for individual users' daily transactions, DeFi interactions, or enterprise-level business data protection and compliance auditing.

Take a common pain point that ordinary retail investors often encounter: when trading on a public chain, your wallet address, position status, and trading strategies are all public and transparent. This not only makes it easy for bots to target you for sandwich attacks but also raises the risk of being monitored by malicious actors, leading to asset security issues. However, with Midnight Network’s privacy smart contracts, all sensitive data only exists on your local device, and only valid credentials verified through zero-knowledge proofs are put on-chain. Without exposing any private information, you can complete all on-chain operations, protecting your assets and trading privacy while fully complying with regulatory requirements. Isn’t this the Web3 experience we’ve always wanted?

Let’s talk about the most concerning aspect of everyone, NIGHT. In addition to the core functions mentioned earlier such as governance, staking, and generating DUST for transaction fee fuel, its economic model design is also particularly reasonable. The total maximum supply is fixed at 24 billion, with no possibility of additional issuance. Moreover, as the ecosystem continues to develop, more and more users will stake NIGHT to earn node rewards and generate DUST, which will keep the circulating supply in a deflationary state. After its launch on Binance, not only did it bring top-tier liquidity to $NIGHT, but it also attracted a massive influx of new users and ecosystem resources. This is a milestone benefit for both the value support of the token itself and the overall development of the Midnight Network ecosystem.

What surprised me even more is that at the same time as Binance's launch, the Network also initiated a long-term activity at Binance Square that will continuously update daily until it ends, providing ongoing participation opportunities without arbitrary completion marking. Whether you are a holder of NIGHT or just an ordinary user interested in the privacy sector, you can participate. As long as you publish original content related to Midnight Network and NIGHT with the hashtag #night, you can join the activity. This truly benefits every person who pays attention to the project.

In fact, the entire cryptocurrency market is becoming increasingly clear-headed; people no longer blindly follow hype for air projects that lack actual implementation. Instead, they focus more on the technological strength, practical use cases, and long-term development potential of projects. The Midnight Network has precisely tapped into the highly demanded privacy compliance sector of the Web3 industry, backed by the technical support of the Cardano founding team, with mature and implementable technological solutions, expanding ecosystem collaborations, and resources from top exchanges. It’s really hard not to be optimistic about such a project.

I have taken this opportunity during the launch to accumulate a portion of $NIGHT for long-term holding. I will also keep up with the activity updates daily and discuss the project's progress with friends in the community. Are there any family members who have been following Midnight Network like me? Feel free to share your thoughts in the comments section and participate in the topic activity, witnessing the new developments in the privacy sector together with the project!