#发帖赢代币NIGHT

🌟Night Leads the Privacy Coin Wave—Gate Invites You to Claim Free Tokens🌟
Recently, with ZEC experiencing a 20x surge, privacy concept tokens have become the hottest "darling" in the crypto world. As a new star in this track, Midnight (Night) has surged over 200% since launch, which is closely related to Gate's all-in-one welfare activities like HolderDrop, CandyDrop, and launchpool. Today, Little财神 will give you a comprehensive analysis of Midnight and provide a guide to participate in Gate activities.
🔍First, let's explain what Midnight (Night) is

Midnight Network (Night) is a privacy-focused Layer 1 blockchain aiming to support secure, confidential, and compliant decentralized applications (dApp). The project uses zero-knowledge proof (ZK) technology to protect user, enterprise, transaction data, and metadata, ensuring that application development does not compromise data security or ownership. Midnight offers an innovative blockchain architecture designed to address a fundamental challenge in blockchain technology: how to leverage the advantages of distributed ledgers while maintaining the privacy of sensitive data.
🔧Main features of the project:

1. Zero-knowledge proof technology for private transactions and data sharing

2. Cross-chain interoperability with major blockchains, including Cardano and Ethereum

3. Smart contract functions optimized for confidentiality and compliance

4. By collaborating with Midnight Network (NIGHT), users can build and use privacy-protecting dApps, participate in governance with NIGHT tokens, and access privacy-preserving DeFi services, making it a prominent project in the privacy and compliance-focused Web3 space.
🚀Core technological innovations

1. Protocol combines a zero-knowledge proof-based public and private ledger architecture for data protection

2. Uses zero-knowledge proofs to safeguard data and metadata

3. Introduces a selective disclosure mechanism—proving facts related to data without revealing the data itself

4. Implements a dual-token system: NIGHT (utility token) and DUST (non-transferable resource protected by metadata), separating transaction fees from token price fluctuations

5. Based on Kachina research, employs BLS proof generation method, ZK execution engine, and Pluto-Eris curve

6. Supports modular dApps based on Substrate
💪Strong team background and partner endorsements

✅The Midnight project is led by Charles Hoskinson, one of the most well-known figures in blockchain. Hoskinson is a co-founder of Ethereum and the creator of Cardano. The development team of Midnight has extensive experience in advanced cryptography, zero-knowledge proofs, and privacy protection technologies.

✅The authenticity of Midnight Network (NIGHT) is supported by Input Output Global (IOG)—a highly reputable blockchain engineering company responsible for developing Cardano, with a long history of providing secure, scalable, and innovative blockchain solutions.

✅Midnight uses Cardano’s staking pool operators (SPO) to ensure security and deep integration with the Cardano ecosystem, positioning itself as Cardano’s "partner chain."

✅Through "Glacier Drop" and multi-chain structures, Midnight has established partnerships with major networks like Bitcoin, Ethereum, Solana, Avalanche, and others, accumulating nearly 34 million wallets across eight mainstream blockchains including ADA, BTC, ETH, SOL, BNB Chain, Brave, XRP, and AVAX.
💰Token Economics Model

Midnight adopts a dual-component token economy, separating transaction fees (gas fees) from token price fluctuations:

‌NIGHT Token‌

Main utility and governance token of the network

Used to generate a resource called DUST

Project tokens listed on exchanges

‌DUST Resource

Units of "energy" used to pay transaction fees

Non-transferable (cannot be sold)

Decays over time

How Night generates Dust: Holding NIGHT tokens (similar to staking but not locked) allows continuous Dust generation. In theory, users holding enough NIGHT can trade for free forever.

Night tokens are listed on exchanges, with a total supply of 24 billion. Currently, about 16.6 billion are in circulation, with a circulation rate of around 70%, a market cap close to $1 billion, and a fully diluted valuation (FDV) of $1.444 billion. Unlike traditional "unfair" token issuance mechanisms, 80% of NIGHT tokens are distributed in three phases:

First phase—Glacier Token Airdrop

Participation conditions: Holders of ADA, BTC, ETH, SOL, XRP, BNB, AVAX, and BAT

Distribution: 3.5 billion NIGHT tokens

Number of participating wallets: Over 170,000

Second phase—Scavenger Miner Farm

Participation conditions: Anyone

Distribution: 1 billion NIGHT

Number of participating wallets: Over 8 million

Third phase—Lost and Found

For users who missed rewards in previous phases

Time: Starting from Midnight Network’s genesis block, over the next five years

Available for claiming: About 252 million NIGHT

An additional 20% of tokens are allocated for marketing and development:

6 billion NIGHT (20% of total supply) allocated to core team, ecosystem partners, liquidity providers, and ongoing development. Vesting period of 18-24 months, aligned with project milestones and network growth.
📈Token Market Analysis:

After listing on Gate, Night’s token experienced a rapid surge, rising from around $0.03 to a peak of $0.08, then retraced. This was partly due to short covering after overbought conditions and partly profit-taking from early circulating supply. Currently, on the 4-hour chart, the price fluctuates between $0.05 and $0.08, which helps digest early sell pressure. The market has not shown a one-sided decline, indicating strong buying interest from investors and major players.
Summary:

As a Layer 1 blockchain token from the recently hot privacy track, a circulating market cap close to $1 billion is a reasonable valuation. The current high-level consolidation is beneficial for digesting initial sell pressure, stabilizing market value, and laying a foundation for further price appreciation. However, larger market cap tokens tend to have weaker explosive potential compared to low-cap tokens, so partners should set realistic goals. Long-term, it’s important to monitor whether project enthusiasm can be sustained and how to compete with other projects in the privacy sector.

🔥🔥Key Point: How to zero-risk earn Night tokens during Gate welfare activities?🔥🔥
To coincide with Canton’s launch, Gate is going all out with the NIGHT all-in-one package. To reward platform users, the余币宝, Candydrop, Launchpool, and the first airdrop phase will list Midnight (NIGHT), sharing 9,000,000 NIGHT. Let’s go through each one:
💥余币宝:

Gate will launch Midnight (NIGHT)余币宝 activity, where users can participate in wealth management to share 2,500,000 NIGHT rewards. First come, first served. If you have idle NIGHT tokens, participate quickly to make your money work for you and earn U while lying down.

👉Details: https://www.gate.com/zh/simple-earn
💥CandyDrop:

CandyDrop Phase 119: CandyDrop x Midnight (NIGHT), complete trading tasks to share a super airdrop of 3,000,000 NIGHT.

This activity includes four pools: first spot trading, daily contract trading check-ins, recharge rewards, and inviting friends. I invested 500U this time, expecting to share 4,000 NIGHT, and as usual, I also earned a little with my friends.

👉Details: https://www.gate.com/zh/candy-drop/detail/NIGHT-218
💥Launchpool:

This launchpool allows users to stake ETH, GUSD, and NIGHT to share 1,250,000 NIGHT for free, with hourly airdrop rewards.

Reminder: Gate Launchpool supports early staking. Before the project officially launches, you can stake assets in advance to ensure earning rewards immediately when mining begins.

👉Details: https://www.gate.com/zh/candy-drop/detail/NIGHT-218
💥Midnight Glacier Drop:

Gate teams up with Midnight to officially launch the first NIGHT airdrop for holders of ADA, BTC, XRP, ETH, SOL, BNB, AVAX, and BAT. Users need to actively claim on the designated activity page. This is a no-cost activity—just hold the above tokens and actively claim the airdrop on the page. It’s a big benefit, so everyone should participate actively!

👉Details: https://www.gate.com/zh/competition/midnight-airdrop

What do you think about Night: tokens? Are you planning to hold long-term? Feel free to leave a comment. Wishing everyone daily prosperity!