Midnight Project Mints 24 Billion NIGHT Tokens on Cardano for $1
TLDR
- The Midnight project has minted a total of 24 billion NIGHT tokens on the Cardano network.
- The minting of the entire supply cost the Midnight team less than 1 ADA, equivalent to approximately $0.52.
- Cardano community figure Ed n’ Stuff praised the low cost, highlighting the efficiency of the platform’s proof-of-stake model.
- The NIGHT token will exist natively on both Cardano and Midnight with a cross-chain mechanism to maintain the total supply.
- The distribution of NIGHT tokens is scheduled for December 8, 2025, with trading beginning the same day.
The Midnight project has successfully minted the entire supply of 24 billion NIGHT tokens on the Cardano network. The minting occurred at block height 12,517,624 on October 14, 2025, with a minimal cost of only 0.80 ADA. This cost was less than $1, showing the efficient use of the Cardano blockchain for large-scale operations.
Midnight’s Efficient Minting Process
The Midnight project minted the full supply of 24 billion NIGHT tokens on Cardano with surprising efficiency. According to the project’s data, the minting took place at 16:34 UTC on October 14, 2025. The entire process cost less than 1 ADA, which was valued at $0.52 at the time.
This event highlights Cardano’s scalability and cost-effectiveness. The project’s community member, Ed n’ Stuff, commented on the process, praising the platform’s low cost.
The minting process on Cardano was completed in a single operation. The team did not need additional transactions, showcasing the network’s ability to handle such large-scale tasks. Ed n’ Stuff emphasized that the low cost underlines Cardano’s potential for providing “sound money infrastructure.”
Cross-Chain Functionality of the NIGHT Token
The NIGHT token will exist on both Cardano and Midnight, offering a unique cross-chain experience. Ed n’ Stuff explained that if tokens are unlocked on Midnight, the equivalent amount will be locked on Cardano. This ensures the integrity of the total 24 billion supply across both platforms.
The dual existence of the token on Cardano and Midnight enables flexibility and increased accessibility. As the project matures, users can interact with the token on either platform while maintaining the fixed supply. This feature has been a key focus for the Midnight team in developing a versatile token structure.
The cross-chain aspect is important for the broader ecosystem, especially for users who may prefer one platform over the other. This mechanism ensures that both Cardano and Midnight benefit equally from the token’s usage and distribution.
Midnight Token Distribution and Trading
The distribution of NIGHT tokens is scheduled for December 8, 2025, with trading set to begin on the same day. Cardano founder Charles Hoskinson confirmed that several tier-1 crypto exchanges will list the token on launch day. The distribution will be split into portions, with the initial claims available on December 8, followed by four additional batches over the next year.
This gradual distribution method aims to prevent large sell-offs and maintain long-term engagement with the token. It also ensures that users continue interacting with the Midnight ecosystem beyond the initial launch phase. The phased approach is designed to support a steady market for NIGHT tokens.
The Glacier Drop and Scavenger Mine phases have concluded, with the next step being the Redemption stage. Users who missed out on earlier claims will have a final opportunity to claim their tokens during this phase. The Midnight project remains focused on facilitating smooth user experiences across all stages of the token launch.
The Midnight distribution is set to be one of the most anticipated events in the Cardano ecosystem. With the entire 24 billion NIGHT tokens minted and the distribution date fast approaching, the project is preparing for a significant launch.
The post Midnight Project Mints 24 Billion NIGHT Tokens on Cardano for $1 appeared first on CoinCentral.
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