Midnight is a zero-knowledge Layer 1 network purpose-built for selective privacy—empowering developers and enterprises to build confidential, compliant, and composable smart contracts with full control over data exposure.
The Glacier Drop has been officially announced: Midnight will distribute up to 100% of the total $NIGHT token supply—24 billion tokens—to eligible wallets based on holdings across eight major blockchains. It’s one of the most ambitious community distributions in Web3 history ❄️
Distribution is based on balances recorded during a stealth snapshot on June 11—no tokens are allocated to insiders, VCs, or the team—with the following allocation model:
– 50% to Cardano ($ADA) holders
– 20% to Bitcoin ($BTC) holders
– 30% to holders of $ETH, $SOL, $XRP, $BNB, $AVAX, and $BAT, distributed proportionally to their relative USD value
Unclaimed tokens will carry over to the next phase, offering additional Airdrop opportunities.
About Midnight
Designed for real-world adoption, Midnight brings programmable privacy to Web3 through selective disclosure and zero-knowledge smart contracts that balance confidentiality with regulatory compatibility.
Developers build on Midnight using Compact—a TypeScript-based language tailored for privacy-preserving applications. With granular control over data exposure, it supports everything from identity systems and financial infrastructure to AI agents and permissioned dApps.
The network operates on a dual-token architecture: $NIGHT is used for governance and utility, while $DUST—a non-transferable, shielded resource—is passively generated to cover transaction fees. This model decouples value from gas, ensuring private execution across the ecosystem.
For more depth, read the official tokenomics post, explore the full whitepaper, and catch the full story via CoinDesk. Devs can start building with the Compact language docs, while community members can join the vision at the Midnight Foundation.
