NIGHT is the governance token for Midnight Network which is this privacy focused blockchain built on Cardano using zero knowledge proofs . heres the wild part NIGHT itself is completely public on chain. every transaction every holder every vote is visible to everyone .
but holding NIGHT generates DUST which is a shielded resource that decays over time and gets used to pay for private transactions . DUST cant be transferred or traded only generated by staking NIGHT . so governance is transparent but network activity stays private .
total supply is 24 billion with biggest airdrop in crypto history giving tokens to 8 different chains . charles hoskinson funded it with his own money no VC backing . mainnet launched march 2026 with google cloud and telegram integrating . NIGHT holders vote on upgrades and treasury while DUST handles the private stuff . pretty clever separation honestly.