FAQs
What is the Midnight NIGHT token distribution?
The Midnight NIGHT Token Distribution is a multi-phase process that aims to disseminate the NIGHT token...
What is the Midnight Glacier Drop?
The Midnight Glacier Drop is the namesake and first phase of the Midnight NIGHT token distribution. An evolution of the traditional airdrop formula...
What is the Scavenger Mine claim phase?
What is the Scavenger Mine claim phase?The Scavenger Mine is the second phase of the Midnight token distribution, designed to be fair and...
What is the Lost-and-Found claim phase?
The Lost-and-Found phase is the third and final phase of the Midnight token distribution. It gives eligible participants from the Glacier Drop...
What is the NIGHT token?
NIGHT is Midnight’s native token. Its main function is to generate DUST, the resource used to execute transactions on the Midnight network...
What is a STAR?
A STAR is the smallest subunit of NIGHT (the atomic unit). There are 1 million STARs to one NIGHT.
Why should I participate in Midnight's token distribution?
Taking part in the NIGHT Token Distribution offers an opportunity for eligible participants to claim and redeem NIGHT tokens. NIGHT generates...
How long will I have to claim NIGHT tokens?
The first phase of the token distrubtion, the Glacier Drop, will run for 60 days. It will be followed by the second phase, Scavenger Mine, which will run...
Why is NIGHT being distributed as a Cardano Native Asset (CNA) instead of on the Midnight Network?
Launching as a Cardano Native Asset provides immediate access to wallets, network bridges, and exchanges, creating mutual benefits for both ecosystems.
What share of the supply of NIGHT tokens is being distributed?
The supply of 24 billion tokens is being distributed. For the duration of the first claim phase...
What happens to unclaimed NIGHT tokens?
100% of the tokens that were left unclaimed during Glacier Drop will be processed and apportioned during the second claim phase, Scavenger Mine...
How are NIGHT block production rewards calculated?
Midnight block rewards taper down over time following a descending curve. Rewards are calculated at each block as a percentage of the...
What are the costs of claiming and redeeming NIGHT tokens?
NIGHT tokens are not for sale and will be offered for free. There are no fees to place a claim. However, redeeming a Glacier Drop or Scavenger Mine claim...
How will I be able to receive DUST generated by my NIGHT tokens?
More information pertaining to DUST will become available closer to the launch of the Midnight mainnet.