December 9th Binance Alpha $NIGHT Project Analysis:

I. Project Introduction:

@MidnightNtwrk is a privacy-preserving Layer-1 blockchain based on zero-knowledge proof technology, providing programmable privacy and compliant data disclosure as a partner chain to Cardano ($ADA).

II. Token Model:

Total Token Supply: 24 billion

Initial Circulation: Phased Release

Launch Time: December 9th 16:00

Project Financing: None

Naruto Rating: ★ ★ ★ ★ ☆[Comprehensive feelings, non-authoritative rating]

ADA Contract: 0691b2fecca1ac4f53cb6dfb00b7013e561d1f34403b957cbb5af1fa4e49474854

BSC Contract undisclosed

III. Token Economics:

▶︎Glacier Drop Airdrop Phase One: 14.8% (TGE 0%, 450-day thawing period, unlock 25% every 90 days)

▶︎Scavenger Mine Airdrop Phase Two: 4.2% (TGE 0%, 450-day thawing period, unlock 25% every 90 days)

▶︎Lost-and-Found Airdrop Phase Three: 1.1% (TGE 0%, 450-day thawing period)

▶︎Foundation: 35% (Unlock mechanism undisclosed)

▶︎Exchange Distribution: 15.3% (Some instant, some according to community rules)

▶︎Block Reward Reserve: 25% (For validator reward distribution)

▶︎Ecosystem Fund: 4.8% (Distributed through governance)

IV. Chip Analysis:

* 16:00 Binance Alpha quantity unknown

* December 10th 08:00 25% of the first two phases of community airdrop will be released, with a total circulation of 4.75% (1.14 billion tokens)

* Other activities for second-tier tokens such as GATE/BYBIT/HTX/MEXC can be checked for release times by yourself, it is correct that they are not on TGE day.

Supplement

* Currently, at TGE there is only the share of Binance ALPHA, with the main selling pressure on the community airdrop portion at 8 AM tomorrow. The token quantity information for Binance ALPHA is still unknown, making it difficult to estimate market value and returns.

* A very special token model, no VC financing solely relying on airdrops, the first phase of community airdrop gives 170,000 addresses airdrop.

The second phase gives 8 million addresses airdrop, and after TGE you can check with your address on this official website, midnight.gd

* Assuming you are eligible for airdrop, but each person's thawing date is randomly different, A may have 1 day, B may have 10 days, greatly reducing collective selling pressure.