Midnight launches Gate Launchpool airdrop, how is the 2.25 million NIGHT distributed among the three staking assets?

Gate Launchpool Issue 351 officially launches Midnight Network’s native token NIGHT, allowing users to participate in airdrops by staking BTC, ETH, or NIGHT. This event distributes a total of 2.25 million NIGHT tokens. The staking period ended on January 5, 2026. As a privacy-first Layer 1 blockchain launched by Cardano founder Charles Hoskinson, NIGHT’s debut has become a focal point in the market.

NIGHT Airdrop Mechanism Details

Comparison of three staking options

The core design of this activity is to enable holders of different assets to participate, while encouraging deeper engagement through differentiated incentive mechanisms. The extra 35% reward for BTC staking effectively offers long-term holders a compounded return opportunity.

Activity Details

• Total Airdrop: 2.25 million NIGHT
• Staking Period: December 26, 2025, 20:00 to January 5, 2026, 20:00 (UTC+8)
• Reward Distribution: Hourly to spot accounts, 100% unlocked
• Early Participation: Supports participation before project launch

NIGHT Project Background

Privacy-first Layer 1 blockchain

Midnight is a new project launched by Charles Hoskinson after Cardano, positioned as a privacy-first Layer 1 blockchain. The NIGHT token has network utility and governance functions, meaning holders can participate in network security and vote on governance proposals.

According to the latest news, Hoskinson is confident about 2026, believing it will be a potential turning point for Cardano and Midnight. He emphasizes that the upcoming launch of Midnight and the initial market cap exceeding $1 billion are key catalysts, along with major network upgrades like Ouroboros Leios, Bitcoin DeFi integration, and infrastructure improvements that will drive project growth.

Market Performance and Price Trends

Current Status

NIGHT was listed for trading on December 8, 2025, and quickly entered the top 60 by market cap. According to the latest data:

• Current Price: $0.072065
• Market Cap Rank: 58th
• Total Market Cap: $120 million
• Circulating Supply: 1.661 billion NIGHT (69.20% of total supply)

Recent Price Performance

The price faces short-term pressure, but over 30 days it remains in an upward trend. Such volatility is normal after a new project launches and reflects ongoing market assessment of its long-term value.

Future Focus Areas

Based on Hoskinson’s statements, the development priorities for NIGHT include practical applications of privacy features, integration with Bitcoin DeFi, and network infrastructure upgrades. If these upgrades proceed smoothly, they will directly influence NIGHT’s long-term value. Additionally, Midnight’s positioning as a privacy-focused chain, amid rising privacy demands, offers certain market opportunities.

Summary

This Gate Launchpool event demonstrates the exchange’s support for new projects, with a distribution plan of 2.25 million NIGHT tokens that accommodates different user groups. Although the price experienced a short-term correction after launch, the project’s fundamentals—continued team investment, network upgrades, and the privacy blockchain sector outlook—are promising for long-term attention. Participants should focus on the project’s technological progress and real-world applications rather than short-term price fluctuations.