The Midnight Tokenomics and Incentives whitepaper describes the novel functions, utitlities, and properties of $NIGHT, Midnight's native utility token, and $DUST, the network resource used to pay for transaction fees. It also describes Midnight's approach to incentives and the cooperative tokenomics for multi-chain access and participation. Lastly, the $NIGHT distribution mechanisms and token allocation are described as part of the Midnight Glacier Drop.
The free, multi-phase distribution of NIGHT tokens is aimed at empowering a broad, diverse community to build the future of the Midnight network.
Multi-phased $NIGHT Token Distribution including Glacier Drop
100% of total $NIGHT supply (24 Billion) claimable during Glacier Drop
Holders of ADA, BTC, ETH, SOL, XRP, BNB, AVAX and BAT are eligible
$NIGHT generates $DUST: meaning NIGHT holders can effectively transact on Midnight for free
Enjoy a seamless developer experience with modular smart contracts using Compact – Midnight’s programming language, based on TypeScript.
Shield wallet addresses and transaction information with programmable data protection that lets you choose who can access sensitive data.
Design apps that process sensitive data in compliance with relevant regulations.
Easily transition into creating and using decentralized applications via an accessible development environment.
Maintain security and integrity of data with zero-knowledge proofs that allow selective disclosure of data.
Derisk business operations with secure, compliance-focused infrastructure that’s as easy to use as the cloud.
Testnet serves as a crucial intermediary step on the Midnight roadmap, allowing time for rigorous testing and refinement to ensure the stability, security, and performance of the network. The experience and scalability of Testnet continues to improve because of our community. Stay informed on the latest network updates.
Developers building on Midnight are provided a reliable environment that simulates the conditions of a live mainnet. Including:
Programmable data protection capabilitiesHard forking capabilitiesMinimized chain resets
External block producers onboardingDiscover what it takes to create a data protection blockchain, with educational content and expert analysis of the Midnight network.
Ian MacRae
