Categories
Cardano Updates

Midnight Tokenomics

News just out on the distribution of Midnight token ($NIGHT) from the Midnight team. Good news that Cardano will be getting 50% of the total distribution, with 20% of the supply allocated to BTC holders. The remaining 30% will be split among holders of ETH, SOL, XRP, BNB, AVAX, and BAT, in proportion to their relative USD value.

The snapshot has already been taken as June 11th 2025 across all eligible chains.

Provisional details of the glacier drop are available from the Midnight website with dates to be confirmed. We will keep track and share dates here as they become available.