Midnight has successfully issued its entire supply of 2.4 billion NIGHT tokens on the Cardano mainnet. These tokens, integral to Midnight's privacy-focused sidechain, are not yet available on exchanges and thus lack a market price. Distribution will occur through the 'Glacier Drop' program, targeting BTC, ETH, and ADA holders.
The NIGHT token will function as a utility token within the Midnight ecosystem, facilitating the creation of 'DUST' for transaction fees. Developed in partnership with Google Cloud, which manages key infrastructure and a validator node, the project has raised concerns about potential centralization due to corporate involvement.
Midnight Launches 2.4 Billion NIGHT Tokens on Cardano Mainnet
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