What is NIGHT token? The Midnight smart data protection project

Midnight operates as a new generation blockchain, integrating two parallel states: a public on-chain storage state for transparent data such as transaction proofs and contract code, along with a locally encrypted private state to protect personal information.

The project focuses on the data protection sector, enabling the development of applications that prove validity without exposing sensitive data, suitable for industries requiring high legal compliance. The core mission is to restore the initial promise of Web3, where users freely control data without sacrificing utility.

NIGHT token plays a central role in the Midnight ecosystem, supporting resource creation and encouraging participation in the network. The token launched through the fair distribution model Glacier Drop, emphasizing transparency and broad accessibility.

Token name: MidnightSymbol: NIGHT

Blockchain: Midnight (Partnerchain of Cardano)

Standard: Midnight Native Token, Cardano Native Asset (CNA)

Total supply: 24,000,000,000 NIGHT

Maximum supply: 24,000,000,000 NIGHT

Circulating supply: 16,607,399,401 NIGHT

NIGHT utility is used to create DUST – a non-transferable resource for transaction fees and executing smart contracts, supporting block producer rewards and future governance. Holding NIGHT automatically generates DUST, ensuring predictable costs and preventing denial-of-service attacks.

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