The NIGHT token is a 24-billion supply, Cardano-based native asset launched in December 2025 to power the Midnight privacy network. Distributed via the "Glacier Drop" and "Scavenger Mine," it emphasizes fair, community-driven launch with no VC sales. It enables privacy transactions by generating DUST and is listed on major exchanges.
Key Historical Milestones
Nov 26, 2025: 24 billion NIGHT tokens minted on the Cardano blockchain.
Dec 9, 2025: Official Token Generation Event (TGE) and launch of the Glacier Drop claims.
Late 2025: Token peaked at approximately $1.81 before entering a lower trading range as of early 2026, according to a CoinDCX article.
2026/2027: Gradual thawing of tokens (scheduled through Dec 4, 2026) and intended bridging to the native Midnight blockchain.
Distribution Phases (Glacier Drop)
Phase 1 (Glacier Drop): Over 3.5 billion tokens claimed by >170,000 wallets across eight ecosystems (e.g., ADA, BTC, ETH).
Phase 2 (Scavenger Mine): 1 billion tokens distributed to over 8 million addresses.
Phase 3 (Lost & Found): Ongoing, for remaining unclaimed tokens.
Utility & Future Functions: Used for network security (staking), governance, and as a prerequisite to generate DUST for private transactions.
Mechanism: Holding NIGHT produces DUST (a separate, shielded token) without requiring the NIGHT tokens to be spent.
Listing: Listed on major exchanges including Bybit, Binance Wallet, and CoinGecko listing here.