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Midnight Tokenomics

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NIGHT Overview & Token Details

Ticker
$NIGHT
Listing Price
$0
Total Supply
24,000,000,000
Niche
  • Blockchain
  • Infrastructure
TGE Date
TBA
Tier 2
Tokenomics
Economy
Audit
Tokenomics
Audited
Investor
Information

Tokenomics Rating

Rank
#1464
Percentile
Top 74%
9
2
5
Economic Policies
67.66
Investment & Valuation
-
Utility & Value Flow
40.03
Liquidity & Market Making
-
Distribution Fairness
47.03

Tokenomics Structure (Token Supply, Allocation & Vesting Overview)

Allocation Distribution

Pool Name
Percentage
Vesting Information
Midnight Foundation41.79%100% at TGE
Reserve20.30%Perpetual logarithmic emission over ~400+ years
Glacier Drop12.50%Random 1-90 day initial cliff, then 25% unlock every 90 days
Midnight TGE11.94%100% at TGE
Treasury5.97%Locked until on-chain governance implemented
Scavenger Mine3.75%Random 1-90 day initial cliff, then 25% unlock every 90 days
Lost & Found3.75%Immediate unlock when claimed - available for 4 years
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Showing 1-7 out of 7

Token Allocation Breakdown (Distribution Fairness)

Category Score
47.03out of 100
Percentile
Top 72%

Allocation Distribution Indicators

Highlights
1
Warnings
1
Alerts
1

Distribution Fairness

Token Allocation Benchmarks (vs Top Projects)

Token Allocation Deviation Analysis

Deviation Status

Public Sale
-7.8%
Medium
Community
+4.9%
Low
Foundation
+36.3%
High
Insiders
-18.1%
High
Investors
-15.2%
High

Token Allocation Deviation Analysis

This section evaluates how Midnight allocates its token supply compared to leading Blockchain projects. It measures deviation across key stakeholder groups and determines whether the allocation aligns with proven benchmarks. The analysis helps assess whether NIGHT follows a fair and balanced distribution structure or introduces concentration risks.

Overall Deviation Status

High

Token Governance & Power (Distribution Fairness)

Category Score
out of 100
Percentile

Governance Indicators

Highlights
1
Warnings
0
Alerts
2

Token Power

Token Governance Concentration Analysis

This section analyzes who holds actual control over the Midnight circulating supply year over year, with a focus on early stages where governance risk is highest. It assesses whether the governance power of NIGHT is centralized or decentralized, and flags any dominance by insiders or investors.

Token Control Status

Launch
Centralized
Year 1
Centralized
Year 2
Centralized
Year 3
Centralized
Year 4
Centralized

Insider Dominance Test

Failed

Investor Dominance Test

Passed

Token Inflation Analysis (Economic & Monetary Policies)

Category Score
58.25out of 100
Percentile
Top 37%

Inflation Indicators

Highlights
4
Warnings
0
Alerts
0

Emission Type

Circulation

Token Inflation (Annual Analysis)

This section analyzes whether NIGHT token inflation is sustainable over time. We assess how balanced the vesting and unlock schedules are, and evaluate how inflationary pressure may affect long-term token value, circulating supply growth, and investor dilution.

Year 1 Inflation

147.7%

Year 2 Inflation

4.6%

Year 3 Inflation

4.3%

Year 4 Inflation

4.1%

Inflation YoY

Token Unlocks & Emissions (Economic & Monetary Policies)

Category Score
76.05out of 100
Percentile
Top 31%

Supply Shock Indicators

Highlights
1
Warnings
1
Alerts
1

Emission Type

Circulation

Monthly Supply Shocks

Token Unlock & Dilution Events

This section tracks every NIGHT token unlock and dilution event across the full vesting timeline. We quantify the size and timing of each release, classify dilution risk levels (low, medium, high), and highlight the largest unlock event by date and percentage of total supply. Charts help understand emission pressure and anticipate potential supply shocks.

Supply Shocks Counter

2 Low Risk
1 Mid Risk
1 High Risk

Highest Supply Shock

34.3%
at Month 3

Detailed Information

Investor Dilution Risk (Economic & Monetary Policies)

Category Score
69.7out of 100
Percentile
Top 27%

Risk of Dilution Indicators

Highlights
1
Warnings
0
Alerts
1

Token Emission, Float and Circulating Supply Analysis

This section evaluates the circulating supply and emission schedule of NIGHT, focusing on its initial float at TGE, its dilution profile over time, and how these levels compare with top-performing projects.

Initial Float

11.94%

Best Performer Float

12.34%

Team Float Control

100.0%
Low Control
Mid Control
High Control
At launch, the team controls 100.0% of the circulating supply, reducing the real initial float to 0.00%.

Circulating Token Supply (YoY)

Vesting Release Schedule

Token Utility & Use Cases (Utility & Value Flow)

Category Score
92.53out of 100
Percentile

Token Utility Indicators

Highlights
1
Warnings
1
Alerts
2

Token Utility Overview

This section analyzes whether the NIGHT token has a clear economic role within the ecosystem, and more importantly, why users would hold it over time instead of treating it as a purely speculative asset. We evaluate what utility the token provides, which functions it enables, and how it solves real problems across the network.

Utility Score

92.53
Excellent

Value Flow

Weak
Utility Type
Status
Description
Governance
NIGHT tokens enable voting on protocol parameters, Treasury allocation, and network upgrades
Access/Feature Unlock
NIGHT required to generate DUST, which lets users transact on the network
Gas Fee
DUST (not NIGHT) is used for transaction fees
Medium of Exchange
NIGHT generates DUST but isn't directly exchanged for services
Staking (DPoS)
Network uses PoS via Cardano SPOs, but NIGHT holders don't directly stake
Showing 1-5 out of 6

Value Accrual, Buybacks & Token Revenue (Utility & Value Flow)

Category Score
13.785out of 100
Percentile

Value Capture Indicators

Highlights
1
Warnings
1
Alerts
2
Value Accrual
Status
Description
Block Production Rewards
SPOs receive NIGHT rewards for block production
Burn
Only DUST is burned when used (not NIGHT directly)
Buyback and LP
No buyback mechanism described
Fee Redistribution
DUST fees are burned, not redistributed
ve-Token Models
No vote-escrow mechanism
Showing 1-5 out of 5

Token Buybacks, Burns & Value Accrual

This section is one of the most important layers: it analyzes whether Midnight (NIGHT) captures and retains on-chain value and how effectively that value flows back to the token. We examine fee redistribution, staking rewards, buyback mechanisms, burn models, and whether the protocol creates real token sinks that reduce sell pressure over time.

Value Accrual

Poor

Value Capture

Poor
DUST Generation
Hold NIGHT to generate DUST resource
Governance
Future on-chain voting
Capacity Marketplace
Lease DUST generation
Network Access
DUST required for all transactions
DUST Transaction Fees
All fees paid in DUST
Value Capture
Minimal Capture (in DUST)
DUST Burn
100% of fees permanently destroyed
Cardano SPOs
Block producers get 100% of block rewards
NIGHT Holders
No staking, no fees, no revenue share
Tokenomics Emissions
Disinflationary curve from Reserve Pool (20.30%)

NIGHT Tokenomics FAQ – Key Questions About Midnight

What is the utility of the NIGHT token?

Midnight has 2 primary token utilities:

  • Governance: NIGHT tokens enable voting on protocol parameters, Treasury allocation, and network upgrades
  • Access/Feature Unlock: NIGHT required to generate DUST, which lets users transact on the network

What is the token allocation for NIGHT?

Midnight token distribution allocates 24,000,000,000 NIGHT across 2 primary stakeholder groups:

  • Foundation: 59.70% (Midnight Foundation 41.79%, Midnight TGE 11.94%, Treasury 5.97%)
  • Community: 40.30% (Reserve 20.30%, Glacier Drop 12.50%, Scavenger Mine 3.75%)

What is the vesting schedule for NIGHT?

NIGHT uses variable cliffs and vesting schedules that change depending on the allocation:

  • Midnight Foundation: 100% at TGE
  • Reserve: Perpetual logarithmic emission over ~400+ years
  • Glacier Drop: Random 1-90 day initial cliff, then 25% unlock every 90 days
  • Midnight TGE: 100% at TGE
  • Treasury: Locked until on-chain governance implemented
  • Scavenger Mine: Random 1-90 day initial cliff, then 25% unlock every 90 days
  • Lost & Found: Immediate unlock when claimed - available for 4 years

How many NIGHT tokens unlock at TGE?

53.7% of the total supply (12,895,200,000 NIGHT) is unlocked at TGE, with the entire unlock going to Foundation.

What is the total supply and circulating supply of NIGHT?

Midnight has a total supply of 24,000,000,000 NIGHT.

What is the token emission schedule for NIGHT?

Total length of the full Midnight emission schedule is 6 years, with 67.18% released in Year 1, while the remaining 8.58% is released over the following 5 years.

What percentage of NIGHT is allocated to the community?

40.3% of the Midnight supply is allocated to community focused pools such as Reserve, Glacier Drop, Scavenger Mine, and Lost & Found.

This tokenomics data is maintained by Tokenomics.com and updated automatically from our analytics engine.

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