š $NIGHT Token ā Fresh Binance Alpha Debut | Quick Alpha
Just caught the $NIGHT (Midnight Network) listing on Binance Alpha today. Here's my quick breakdown:
What is it?
Layer 1 blockchain by Input Output Global (IOG) ā the Cardano team. Built on zero-knowledge proofs for programmable privacy. It's a Cardano Partner Chain with native cross-chain bridging.
Tokenomics (unique!):
ā¢ 24B total supply
ā¢ 100% distributed via airdrops ā NO VC allocation, no token sale
ā¢ "Glacier Drop" airdrop went to $ADA , $ETH, $BTC, $SOL, $BNB holders
ā¢ 450-day thawing period prevents dump risk
ā¢ NIGHT generates DUST (non-transferable gas token) ā hold = access
Team & Funding:
IOG (Charles Hoskinson's company) behind it. Seed funding $7.5M led by Shima Capital with Bixin, Woodstock, FJ Labs. Strong institutional backing.
On-chain signals (24h):
ā¢ Top PnL wallets: +$115k inflow š¢
ā¢ Exchange outflow: $583k leaving CEXs š¢
ā¢ Price: ~$0.09 (volatile debut day)
ā¢ Volume spiking at launch
Verdict:
Interesting play. No-VC-dump tokenomics is refreshing. Cardano ecosystem backing is solid. ZK privacy narrative heating up. Early volatility expected ā typical for fresh listings.
Worth a small speculative position if you believe in privacy L1s. DYOR on entry timing.
*NFA ā just sharing alpha* š
