December 09 Airdrop Midnight (NIGHT)
Rare synchronization of five major exchanges: OKEx, MEXC, Bybit, Gate, and Binance. At the same time, Gate invests 1.25 million NIGHT to launch Launchpool, MEXC announces no trading fees on the day of listing, Bybit starts a trading competition, and OKEx provides deep liquidity support. The previous $ZEC surge has sparked interest in the privacy track, and with the support of the ADA community, it remains to be seen how far NIGHT, also part of the privacy track, can go.
NIGHT is the native, multifunctional, governance utility token of the Midnight Network. Midnight Network is a cutting-edge privacy-focused Layer 1 blockchain network launched by Charles Hoskinson. (Charles is also the founder of $ADA )
The Midnight Network is a new type of blockchain that can be used to build decentralized applications that protect sensitive data without sacrificing performance and regulatory requirements. Developers can build novel and user-friendly programming models based on Typescript and zero-knowledge (ZK) proofs on Midnight.
Project Vision:
Charles Hoskinson once stated that the creation of Midnight aims to build a system that can protect fundamental user freedoms (such as assembly, commerce, and freedom of speech) in an increasingly stringent era of data monitoring, allowing users to control personal data while meeting necessary compliance requirements.
Ecological Relationship:
Midnight is designed as a sidechain within the Cardano ecosystem, focusing on addressing privacy issues, filling the gap in privacy protection within the Cardano ecosystem, and closely linking both in technology and development.
Token Distribution:
Midnight's token distribution mechanism has created a wonder in crypto history—over 8.5 million independent wallet addresses participated, with airdrop totals exceeding 4.5 billion NIGHT, becoming one of the largest token distributions ever.
This feat is accomplished in three phases: Glacier Drop targeting mainstream chain holders; Scavenger Mine open to global internet users; Lost-and-Found providing opportunities for those who missed out.
But even more ingenious is its 'Glacier Thaw' unlocking mechanism. All community-distributed tokens will be unlocked over 360 days in four phases, with the initial unlocking time for each wallet randomly assigned within a 90-day window from December 10, 2025, to early March 2026, followed by subsequent unlocks every 90 days.
This design achieves two key goals: first, to prevent large-scale concentrated sell-offs from impacting the market, and second, to buy precious time for project development, ensuring a stable ecosystem is established before the tokens are fully circulated.
85.2% of the NIGHT tokens are allocated to the community, a proportion that far exceeds most blockchain projects, reflecting Midnight's commitment to decentralization. Only 8% of the tokens are allocated to the team, also following a gradual unlocking rule, further enhancing community trust.
