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Midnight NetworkNIGHT

Blockchain, Infrastructure
TokenomicsUnlocksValue FlowValuation
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Midnight Network Tokenomics Overview

Full Midnight Network tokenomics breakdown: NIGHT token allocation, vesting schedule, supply distribution, unlock dates, and investor terms.

Produced by Tokenomics.com in collaboration with BlackTokenomics.
TGE DateDecember 7, 2025
Max Total Supply24,000,000,000
Total Supply24,000,000,000
Transparency
LOWHIGH
NIGHT Allocation Distribution
Shows how the tokens are split across all allocation pools.
Pool Name
Allocation %
Release Progress
Locked $
Next Unlock
Midnight Foundation
35.00%
100.0%
$0.0Finished
Reserve: Balance
20.70%Undisclosed$124.3MUndisclosed
Midnight TGE
15.25%
100.0%
$0.0Finished
Glacier Drop
14.78%
100.0%
$0.0Finished
On-chain Treasury: Balance
4.84%Undisclosed$29.1MUndisclosed
Reserve
4.30%
13.5%
$22.4M11 Days
Scavenger Mine
4.17%
100.0%
$0.0Finished
Lost & Found
0.80%
6.4%
$4.5M11 Days
NIGHT Vesting Release Schedule
Full token vesting release schedule over time, broken down by allocation pool. Undisclosed allocations are shown as a faint max-immediate-unlock overlay.

NIGHT Tokenomics FAQ

Key questions and answers about Midnight Network tokenomics. Last updated 06/17/26, 12:07 AM

What is the utility of the NIGHT token?

Midnight Network has 1 primary token utilities:

  • Feature Access: Holding NIGHT automatically generates DUST, the shielded resource required to submit transactions and execute smart contracts on Midnight. Without holding NIGHT, users cannot independently access network capacity.

What is the token allocation for NIGHT?

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

  • Foundation: 75.95% (Midnight Foundation 35.00%, Reserve: Balance 20.70%, Midnight TGE 15.25%)
  • Community: 24.05% (Glacier Drop 14.78%, Reserve 4.30%, Scavenger Mine 4.17%)

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: Balance: No information
  • Midnight TGE: 100% at TGE
  • Glacier Drop: 100% at TGE
  • On-chain Treasury: Balance: No information
  • Reserve: Declining monthly emissions
  • Scavenger Mine: 100% at TGE
  • Lost & Found: 7 Month Cliff, 47 Month Linear Vesting
  • On-chain Treasury: 49 Month Cliff, Linear Vesting Every 12 Months x4

How many NIGHT tokens unlock at TGE?

69.2% of the total supply (16,608,000,000 NIGHT) is unlocked at TGE, with the tokens split between Foundation and Community.

What is the total supply and circulating supply of NIGHT?

Midnight Network has a total supply of 24,000,000,000 NIGHT, of which 16,607,399,401 NIGHT (69.2% of total) is currently circulating.

What is the token emission schedule for NIGHT?

Total length of the full Midnight Network emission schedule is 8 years, with 70.00% released in Year 1, while the remaining 4.47% is released over the following 7 years.

What percentage of NIGHT is allocated to the community?

24.1% of the Midnight Network supply is allocated to community focused pools such as Glacier Drop, Reserve, Scavenger Mine, and Lost & Found.

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