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Midnight Network

NIGHT
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 9, 2025
Total Supply24,000,000,000
CategoryBlockchain, Infrastructure
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
41.8%
100.00%
$0.0Finished
Reserve
20.3%
7.34%
$162.8M24 Days
Glacier Drop
12.5%
25.00%
$81.1M55 Days
Midnight TGE
11.9%
100.00%
$0.0Finished
Treasury
6.0%Undisclosed$51.7MUndisclosed
Lost & Found
3.8%
8.33%
$29.8M24 Days
Scavenger Mine
3.8%
25.00%
$24.3M55 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 03/17/26, 2:42 PM

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: 59.70% (Midnight Foundation 41.79%, Midnight TGE 11.94%, Treasury 5.97%)
  • Community: 40.30% (Reserve 20.30%, Glacier Drop 12.50%, Lost & Found 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
  • Lost & Found: Immediate unlock when claimed - available for 4 years
  • Scavenger Mine: Random 1-90 day initial cliff, then 25% unlock every 90 days

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 Network has a total supply of 24,000,000,000 NIGHT, of which 14,303,170,418 NIGHT (59.6% of total) is currently circulating.

What is the token emission schedule for NIGHT?

Total length of the full Midnight Network emission schedule is 6 years, with 70.83% released in Year 1, while the remaining 23.20% is released over the following 5 years.

What percentage of NIGHT is allocated to the community?

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

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