@MidnightNetwork Core Utility: The token-generates-resource model
The Midnight network separates the governance and capital from operational costs using a dual-component model:
NIGHT (The native token): The capital asset. Holding NIGHT tokens automatically generates DUST.
DUST (The Resource): A shielded, non-transferable resource used to pay for transaction fees and execute smart contracts.
NIGHT
What is the NIGHT Token?
NIGHT is the unshielded native and governance token of the Midnight Network.
Midnight uses Zero-Knowledge (ZK) smart contracts to enable programmable privacy. Unlike privacy coins designed solely to hide activity, the NIGHT token is public and transparent (unshielded). Its primary role is to secure the network and generate the DUST resource that powers transactions.
Core Utility: The token-generates-resource model
The Midnight network separates the governance and capital from operational costs using a dual-component model:
NIGHT (The native token): The capital asset. Holding NIGHT tokens automatically generates DUST.
DUST (The Resource): A shielded, non-transferable resource used to pay for transaction fees and execute smart contracts.
Introducing the NIGHT token
Key Benefits
By separating the capital asset (NIGHT) from the operational fuel (DUST), Midnight creates a distinct economic advantage for users and developers.
The Battery Recharge Model
DUST acts as a renewable resource. It functions like a battery: once consumed for a transaction, it regenerates over time based on NIGHT holdings.
Predictable Operational Costs
Because DUST continuously replenishes, enterprises and frequent users gain cost predictability. They transact without depleting their principal NIGHT holdings.
Frictionless Onboarding (Self-Funding DApps)
Developers can hold NIGHT to generate enough DUST to cover transaction fees for their users. This allows applications to be "free" at the point of interaction.
Preserved Governance
Users spend DUST rather than NIGHT. Participating in the network does not diminish governance rights or long-term stake in the ecosystem.