🎉 Share Your 2025 Year-End Summary & Win $10,000 Sharing Rewards!
Reflect on your year with Gate and share your report on Square for a chance to win $10,000!
👇 How to Join:
1️⃣ Click to check your Year-End Summary: https://www.gate.com/competition/your-year-in-review-2025
2️⃣ After viewing, share it on social media or Gate Square using the "Share" button
3️⃣ Invite friends to like, comment, and share. More interactions, higher chances of winning!
🎁 Generous Prizes:
1️⃣ Daily Lucky Winner: 1 winner per day gets $30 GT, a branded hoodie, and a Gate × Red Bull tumbler
2️⃣ Lucky Share Draw: 10
#PostToWinNight
⚫ NIGHT: A token that produces resources instead of being consumed for fees 💥
Traditional blockchains typically rely on a single token for transaction fees, validator rewards, and speculation. This creates issues: rising token prices make the network costly to use, while falling prices compromise security. Midnight introduces a innovative dual-asset approach to resolve this.
The Midnight economy revolves around two linked assets: NIGHT (the native utility token) and DUST (a dedicated resource for paying fees).
💥 Core concept: NIGHT isn't burned for fees — it generates DUST.
If you hold NIGHT and designate a recipient address on Midnight, it steadily produces DUST over time. Transactions and smart contracts consume DUST, without diminishing your NIGHT holdings. The amount of NIGHT you own dictates your DUST generation rate, determining your transaction capacity over time. In practice, holding sufficient NIGHT makes long-term usage essentially cost-free — you're spending the token's "output" rather than the token itself.
ℹ️ Benefits for users and developers:
✅ Stable and predictable expenses
Transaction costs aren't tied to NIGHT's market volatility. As a renewable resource (not a tradable asset), DUST enables better budgeting for businesses and eliminates competitive fee spikes.
✅ Privacy without the risks of typical "privacy coins"
DUST is shielded, hiding transaction metadata that standard gas tokens would expose. NIGHT stays transparent, suitable for listings, rewards, and governance.
✅ Developer-friendly options
Midnight blends UTXO model (for NIGHT on the ledger) with account-based smart contracts (for contract tokens like ERC-20 equivalents). This supports efficient, private UTXO protocols alongside familiar DeFi patterns.
💥 NIGHT's roles in the Midnight ecosystem
Per the tokenomics:
✅ Produces DUST for network access and bandwidth.
✅ Rewards block producers via reserve distributions for security.
✅ Supports planned on-chain governance and treasury management.
✅ Operates as a multichain asset: Full 24 billion supply minted initially on Cardano, mirrored on Midnight with protocols preventing double-unlocking.
💥 NIGHT distribution: Prioritizing broad, inclusive access
The model features phases like Glacier Drop, Scavenger Mine, Lost-and-Found, and redemption:
✅ Wide reach across ecosystems (Cardano, Bitcoin, Ethereum, etc.).
✅ Free allocations based on participation/eligibility — no sales.
✅ Transparent, audited, open-source contracts.
This shifts away from insider-heavy models, focusing on community and cross-chain engagement.
💥 Evaluating the technology and potential
From official sources, key strengths include:
Innovative economics
Separating value storage (NIGHT) from fee resource (DUST) addresses the volatility-vs-fee predictability dilemma plaguing most Layer 1 chains.
Regulatory-aware privacy
Shielded, non-transferable DUST for fees + transparent NIGHT for incentives — built for compliance and enterprise, beyond pure anonymity.
Cooperative multichain design
NIGHT bridges Cardano and Midnight, fostering integrations and liquidity from other chains rather than isolation.
Accessible development
TypeScript-like syntax in Compact contracts + account patterns reduce barriers, while UTXO foundation aids scalability and privacy.
ℹ️ Future outlook for NIGHT
Success hinges on:
✅ Adoption of privacy-focused dApps — driving DUST demand and thus NIGHT's value as a generator.
✅ Effective multichain bridges and integrations — positioning NIGHT as a cross-network asset.
✅ Fair distribution and governance execution — building a strong, sustainable community via treasury mechanisms.
#PostToWinNight
$NIGHT