With the Midnight distribution imminent, the project confirmed it has minted the entire supply on Cardano, and the cost of this is impressive.
Notably, Cardano community figure Ed n’ Stuff refreshed the minds of enthusiasts on the latest developments in the Midnight ecosystem He confirmed that the Midnight team has already minted the 24 billion NIGHT tokens for distribution on the Cardano network, indicating preparedness for the widely anticipated event.
Token Generation Cost
While the price per NIGHT token remains undisclosed, many expect the token’s whole supply to be worth a fortune. Interestingly, it only cost the Midnight team a mere 0.80 ADA to mint the entire supply.
On-chain data shows that the minting event occurred at height 12,517,624 on October 14 at 16:34 UTC. The team minted the entire 24 billion supply for less than 1 ADA, which, according to on-chain data, was worth $0.52 at the time.
NIGHT Mint Transaction Details
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