Binance, the world’s largest crypto exchange, will list the NIGHT token from December 9th
- Binance Alpha will list the NIGHT token starting December 9th, shortly after it launches on Cardano.
- The NIGHT token is joined by DUST, a token that enables private, shielded transactions.
Binance Alpha is a platform in Binance Wallet that introduces early-stage crypto projects with growth potential to Web3. More support for NIGHT is expected to come from leading exchanges, custodians and wallets in the near future.
Midnight Network, a privacy-focused blockchain developed as a sidechain to Cardano, posted on X:
“Binance now supports NIGHT. As the world’s largest crypto exchange, Binance is helping bring NIGHT to a wider audience and giving more users the opportunity to directly use the Midnight network. This strengthens NIGHT’s reach and is a win for data protection on Web3.”
NIGHT Token: Launch on Cardano
On December 4th, Midnight officially launched NIGHT as a native Cardano asset. At the same time, redemption requests were submitted for over 4.5 billion NIGHT tokens that had already been claimed during the Glacier airdrop phase. The Glacier airdrop involved more than 170,000 eligible wallet addresses, with over 3.5 billion NIGHT tokens claimed by customers.
In the second phase, the so-called Scavenger Mine, another billion NIGHT tokens were claimed from more than eight million wallet addresses, further expanding the community and reach of the network.
As CNF reported, NIGHT serves as the primary utility and governance token for the system. Owning NIGHT generates a second resource called DUST, which is used to pay for shielded and private transactions and smart contracts. Together, NIGHT and DUST enable comprehensive private interactions on the Midnight network.
Although the launch and distribution of the tokens took place on December 4th, the release schedule for the community-allocated NIGHT token begins on December 10th. The tokens will be unlocked in installments over approximately a year. The first release date will be randomly assigned to each participant within a 90 day window.
As CNF reported, the Midnight Network’s roadmap is divided into four phases. The first phase, “Hilo,” lays the groundwork and creates liquidity and stability for the network. The subsequent phases “Kukolu”, “Mohalu” and “Hua” build on this foundation and lead to the full development of the Midnight system.
Cardano’s native token ADA had a modest increase over the past week von 12 % and will for 0,43 $ traded. However, he stays 85 % below its all-time high of 3,10 $. Sales rose 90% to $685 million.
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