#发帖赢代币NIGHT NIGHT In-Depth Research

Midnight Network (NIGHT) is a privacy-focused Cardano sidechain designed to address the limitations of traditional blockchains in data transparency, enabling developers to build decentralized applications (dApps) that protect sensitive data while remaining compliant with regulations.

The project has launched a record-breaking airdrop—the "Cardano Midnight Airdrop"—distributing 24 billion NIGHT tokens across eight major blockchains, including Bitcoin, Ethereum, XRP, and others.

Midnight is a next-generation blockchain platform built specifically to protect user, enterprise, and transaction data. As a partner chain of Cardano, Midnight leverages Cardano’s mature proof-of-stake (PoS) consensus mechanism to ensure security and governance, allowing developers to quickly, easily, and securely build compliant applications while fully safeguarding personal and commercial data.

Midnight’s core mission is to realize confidential smart contracts, private data sharing, and regulatory-friendly privacy features in the Web3 space. Its unique strength lies in its robust multi-chain strategy. Midnight not only serves Cardano users but also actively targets holders on mainstream blockchains like Ethereum, Bitcoin, Solana, and others, aiming to create a broader privacy protection ecosystem.

As a groundbreaking data protection blockchain, Midnight utilizes zero-knowledge proof (ZK Proofs) technology at its core. This technology provides high practicality and functionality without compromising data privacy or ownership.

Additionally, Midnight offers an innovative process design model that significantly simplifies the development of decentralized applications (DApps). Developers can use familiar TypeScript process libraries and Midnight’s unique smart contract language to quickly create and deploy privacy-preserving applications.

What is the NIGHT token?
Midnight employs a dual-token system, including the utility token $NIGHT and protected network resources $DUST.

1. Introduction to NIGHT Token

NIGHT is the native utility token of the Midnight blockchain and the core driver of its economic system. It plays multiple critical roles within the Midnight network, aiming to maintain network operation, security, and growth.

The main functions of the NIGHT token include:

Generating DUST Resources: This is the core function of NIGHT. Token holders continuously generate DUST, which is used to pay for privacy-protected network resources for all transactions on the Midnight network. This design ensures transaction privacy while isolating the core token NIGHT’s functionalities.
Network Security and Block Production Rewards: NIGHT is used to reward nodes participating in block production, incentivizing and safeguarding the decentralization and security of the Midnight network.
Promoting Ecosystem Growth: NIGHT is used to fund and incentivize various development programs within the Midnight ecosystem, fostering technological and application development prosperity.
Enabling Decentralized Governance: NIGHT token holders will have on-chain governance rights, allowing them to participate in votes on future network upgrades, protocol changes, and other critical decisions, jointly shaping the development direction of Midnight. To facilitate more precise transactions and allocations, one unit of NIGHT can be subdivided into one million smaller units called STAR.

It’s worth noting that NIGHT itself is not used as a transaction fee token, unlike many traditional blockchain gas tokens.

2. Introduction to DUST Token

DUST is a protected network resource used to pay for transaction fees. It is separate from NIGHT, ensuring user activities can remain private on Midnight, while NIGHT remains transparent and compliant.

DUST is renewable, non-transferable, and decays over time. This innovative model aims to achieve network sustainability, privacy protection, and prevent economic manipulation.

NIGHT Token Economics
NIGHT has a fixed supply of 24 billion tokens, initially minted on the Cardano blockchain, and will be mirrored onto its network at the launch of the Midnight mainnet.

The initial distribution of NIGHT will be conducted through a multi-stage airdrop called "Glacier Drop," designed to involve a broad and diverse community in building the Midnight network. This includes airdrops targeting users across eight major blockchain ecosystems such as Bitcoin, Ethereum, Cardano, Solana, Binance Smart Chain, Brave, Ripple, and Avalanche.