It is the token of a privacy network within the Cardano ecosystem.
It is a token with a maximum of 24 billion units, all of them already issued.
Cardano sidenet token Midnight (NIGHT) debuted strongly on its first day of trading.
The asset was listed yesterday, December 9, on the Kraken exchange and also on Binance Alpha. Precisely on Kraken, NIGHT exceeded $100 million in trading volume in just 24 hours.
Furthermore, the token will continue to expand its presence in the market, as platforms such as Bybit, MEXC, OKX and Bitpanda confirmed that they will also do so. will incorporate to your listings.
In this context, NIGHT registers a price increase of 105.5% in the last 24 hours. Currently, it is trading at $0.072, as seen in the following graph:
NIGHT is the utility token of Midnight, a Cardano-associated sidenet that seeks integrate privacy tools using zero-knowledge proofs (ZK, zero-knowledge).
This side network is designed to enable transactions and applications with greater confidentiality within the ecosystem.
As reported by CriptoNoticias, the project issued the full supply of NIGHT, a total of 24 billion units, directly on the Cardano mainnet. This allows the token to be integrated within the same technological infrastructure that Midnight will operate on.