Midnight, Cardano’s privacy-focused side-chain, has seen its long-anticipated “Glacier Drop” transition from idea to a totally documented specification with the discharge of the challenge’s 45-page Tokenomics and Incentives Whitepaper dated June 2025. The doc crystallises what had beforehand been hints—specifically that all the genesis mint of 24 billion NIGHT tokens is being placed on the desk for a community-driven distribution whose first salvo is the Glacier Drop. “Token provide: 24 billion NIGHT tokens minted on Cardano, that are mirrored on the Midnight community,” the paper states, earlier than including that enlargement by way of block rewards is strictly disinflationary, tapering towards zero as soon as each token is circulating.
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