Cardano has reached a significant milestone by successfully minting the entire supply of 24 billion NIGHT tokens ahead of the highly anticipated Midnight mainnet launch. This achievement not only marks the debut of the NIGHT token on-chain but also solidifies its role within the Cardano ecosystem. Based on the data provided in the document, the implications of this launch could be far-reaching for the platform's future developments.
Minting Process Details
The minting process took place on October 14, 2025, at 5:34 PM, with all tokens created as Cardano Native Assets (CNAs). This strategic initiative was made possible through a collaboration with Midnight TGE and its technical partners, ensuring a robust foundation for the token's future use.
Current Status of NIGHT Tokens
Currently, the minted NIGHT tokens are securely held in a smart contract, which is designed to minimize early movement and enhance transparency as the project advances through its Glacier Drop and Scavenger Mine phases. This careful management of the token supply is aimed at fostering trust and stability within the community as the Midnight mainnet launch approaches.
Following the recent milestone of minting 24 billion NIGHT tokens, Cardano is also focusing on scalability and retail engagement, as detailed in the latest report.
