#MidnightNetwork is a fourth-generation blockchain designed by Input Output Global (IOG), the team behind Cardano, which focuses on rational privacy. Its goal is to enable users and businesses to conduct transactions and operate smart contracts securely, complying with regulations while protecting sensitive personal data through zero-knowledge proofs (ZKPs).
The Token $NIGHT
The token $NIGHT is the native utility and governance asset of the network. Unlike other total privacy networks (like Monero), Midnight uses a dual token system:
#NIGHT (Governance and Utility): It is used to participate in network decisions, incentivize node operators, and, most importantly, generate the second token, DUST. Transactions with NIGHT are transparent.
#DUST (Privacy): It is the token that is consumed as "gas" to pay the fees for private transactions. By using DUST, the transaction information remains hidden.
#Midnight Network
Market Data (as of March 13, 2026)
Current price: Approximately $0.047 - $0.052 USD.
Market capitalization: Around $785 - $863 million USD, ranking #62 on CoinMarketCap.
Total supply: Limited to a maximum of 24,000 million tokens.
Main exchanges: It can be traded on platforms like Binance, Kraken, OKX, and Gate.io.
Distribution and Airdrop (Glacier Drop)
The token did not have a pre-sale for venture capital (VC), but was distributed through the Glacier Drop event and Scavenger Mine mining.
Eligibility: Based on a snapshot from June 11, 2025, for holders of ADA, BTC, ETH, SOL, XRP, among others.
Unlock schedule: Tokens are gradually released in 4 parts (25% every 90 days) to avoid mass sell-offs, completing the process in December 2026.
Redemption: Eligible users must use the official Redemption Portal to claim their tokens as they are unlocked.