XRP News Today: Midnight Tokenomics Paper Reveals 24 Billion NIGHT Token Supply

The Midnight Tokenomics Paper has been released, providing a comprehensive overview of the NIGHT token and DUST system. The total supply of NIGHT tokens is capped at 24 billion, with a distribution plan that includes three claim phases: the Glacier Drop Phase, the Scavenger Mine Phase, and the Lost-and-Found Phase. Eligible users holding tokens such as ADA, BTC, ETH, SOL, BNB, AVAX, XRP, and BAT can claim NIGHT based on their holdings. The distribution breakdown is as follows: 50% for ADA holders, 20% for BTC holders, and 30% shared among ETH, SOL, XRP, BNB, AVAX, and BAT holders based on USD value.

The NIGHT token serves multiple roles within the ecosystem. It generates DUST, a renewable and non-transferable resource used for private transactions. DUST powers the platform by enabling shielded, low-cost transactions and decays over time, enhancing privacy and reducing speculation. Additionally, NIGHT is used for block rewards and supports future governance, existing natively on both the Cardano and Midnight chains.

The snapshot for the Glacier Drop Phase was completed on June 11, 2025, at 00:00 UTC, locking in wallet data for the first phase. Any unclaimed NIGHT tokens will move forward into the subsequent phases. The listing date for the NIGHT token has not been officially announced, but early indications suggest it may occur in Q3 2025. The project has garnered significant attention, and many anticipate announcements from top crypto platforms soon. While no confirmed exchange listings have been revealed, speculation suggests that the NIGHT token may be listed on major platforms such as Binance, KuCoin, MEXC, or OKX.

Regarding the price, the large total supply of 24 billion NIGHT tokens suggests a potentially low starting price. Community estimates place the initial token listing price between $0.001 and $0.010. However, if major exchanges list the token and hype grows before launch, the price could rise between $0.010 and $0.050 in early trading. These estimates are based on general market trends and should not be considered guarantees.

The Midnight project's token model is notable for its balance of privacy, equitable distribution, and future scalability. The integration of NIGHT and DUST represents a new approach to crypto utility, with a multi-chain launch indicating the project's focus on real-world applications. Additionally, the Mango network, a multi-VM blockchain platform supporting multiple dApps and Web3 development, is also listing today. The article is intended for informational purposes only and should not be considered investment advice. All data is based on publicly available information at the time of writing, and investing in cryptocurrency carries inherent risks. Conduct thorough research before making any investment decisions.