thecryptobasic.com
Charles Hoskinson, the founder of the Cardano research and development firm IOG, has congratulated the Midnight team on deploying NIGHT as a Cardano-native asset.
In an X post, Hoskinson congratulated the Midnight Foundation and Shielded Technologies for successfully deploying NIGHT, the native token of privacy-focused blockchain Midnight, as a native asset on the Cardano blockchain.
Congratulations to @MidnightNtwrk @midnightfdn, and the Shielded team for deploying the Midnight Cardano Native Asset: https://t.co/AZVnDX5v6n
Full launch December 8th.
— Charles Hoskinson (@IOHK_Charles) November 26, 2025
Final Version of NIGHT Minted
Hoskinson’s message comes shortly after the Midnight Foundation released an essential update on the token generation event (TGE) for NIGHT. The team confirmed that the TGE has now minted the final version of NIGHT. This marks an essential step ahead of December’s official token launch and the upcoming Glacier Drop Redemption period.
Notably, the last action follows the initial minting conducted last month, during which 24 billion NIGHT tokens were created on the Cardano mainnet at block height 12,517,624. The transaction cost roughly 0.8 ADA ($0.5) at the time. This week’s mint finalizes the asset and prepares the network for the next phase of rollout.
With the finalized NIGHT token now live on Cardano, it is already visible on blockchain explorers such as AdaStat, allowing users to verify the asset’s on-chain presence ahead of broader ecosystem integration.
Data from AdaStat shows that the final NIGHT mint event took place at block height 12,696,233 on November 25.
Official Launch Imminent
Currently, the entire 24 billion NIGHT supply remains consolidated in a single blockchain address as preparations continue for the official launch on December 8, 2025.
According to the Midnight team, both the token redemption and initial exchange listings will occur on launch day.
Regardless of the total amount of NIGHT a user has claimed, only 25% of their allocation will be redeemable at launch. The remaining tokens will be distributed over the next 12 months in four events, ensuring a gradual, controlled distribution schedule.
Meanwhile, both the Glacier Drop and the Scavenger Mine phases have been completed. The team has yet to begin the final claim stage, known as Lost and Found. This event will allow participants who missed the Glacier Drop to recover a portion of their original allocation.
Next Phases After Launch
Following the official NIGHT launch next month, the Midnight team will introduce a federated mainnet operated by IOG and selected corporate partners. Developers currently building on the Midnight testnet will be able to deploy their applications directly onto this federated mainnet.
Afterward, the team will launch an incentivized testnet for stake pool operators (SPOs). This phase will enable SPOs to test network performance and readiness ahead of Midnight’s eventual transition to a fully decentralized, public mainnet.