December 6, 2025 • 23 mins
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
I've got some really exciting updates for you guys. I've
got some information about the redeeming process of this Glacier
air drop. So if you're in this scavenger mining, if
you were in that big Glacier air drop itself, you
can now possibly log into the platform and see when
you can redeem these tokens. The thaw process is being
set out. I'm always going to look at some implications
(00:21):
of what Midnight can do for the Coadona ecosystem, what
might happen there, some rumors that have been floating around,
and then also look at how easy it is to
develop on Midnight itself, what developers are doing, and what
protocols are going to launch with Midnight when it launches
on maynat as well. So let's get into all of that.
Hey everyone, I'm Peter. If it's your first time here,
(00:42):
hit that thumbs up light subscribe notification bell. Let's get
into these news updates all around Midnight at the moment.
So the first one here is that the Night tokens
have been moving. So we saw this a little bit
earlier this week, and we could see from here because
it is a native toa we can see all this
on chain, and the various amounts of Night tokens have
(01:04):
been moving around to the wallets where they'll be allocated
for various things like the foundation, the glacier, air drop
and all those things. So we can see the token
staying to move. It's pretty exciting to see that's my
wallet there. Just kidding. I don't have two percent of
the entire supply, but would be cool to see what
(01:25):
kind of price this will actually go for when it launches.
Would love to hear your comments down below. Now, we
did have some updates around the Midnight token allocation itself,
so let me zoom in so you can see this.
The biggest change there was the Scavenger mining phase. So
we had the six hundred and twenty six million initially
allocated and that changed to one billion, and that was
(01:48):
taken out of the lost and Found phase, so we
had you can see there six hundred twenty six million,
the lost and found it will drop down to two
hundred and twenty five million, So they're little changes there
that made the Scavenger of mining a lot more interesting
because they boosted up the mount awards. Otherwise, if they
(02:08):
didn't do that, the whole Scavenger of mining event would
have been quite a null event in that we would
have seen a lot of people participating but not getting
much in return for their efforts. That I'm really happy
that they increased that so they could get a little
bit more night tokens out of that process. Otherwise it
would have been really, really boring. The other major change
(02:31):
is the token generation event allocation. So this is usually
for the sale of the token. It's changed from two
point four billion to three point six billion, so it's
increased quite a bit there to be sold through the market,
and I believe that's come out mostly from the reserves
of night tokens. Instead of holding onto the reserves there,
why not just get it out to the market and
(02:54):
see how it goes from there. So I do prefer
these changes here, especially the Scavenger my allocation to the tokenomics.
It's good to see that the tokenomics here are dynamic
and have changed based on the market condition. Well, I'm
glad they didn't just set that in stone and said
that's it, that's what we're going for. Scavenger mining event
(03:16):
was very, very worthwhile and a lot of eyeballs were
on it, so increasing that allocation, they're very good work
and increasing the allocation here for the token generation event,
I think have might have some interesting implications now regards
to what the token be valued on launch. There's a
(03:37):
bit of speculation here, but ten billion FDV could possibly
happen on launch. Here you can see some of these
other projects and tokens that launched recently. Hyper Liquid was
worth the fourteen billion for fully diluted value, Egan layer
six point four, Scroll one point four, Layer zero four
(04:00):
point seven. It could possibly be that much, and with
this much attention and people participating in the ecosystem at
the moment, it very well might be. So I'm looking
forward to seeing what will happen here on launch. And
now this all depends on exchange listings, how much liquidity
is coming in and out, how many holders and all that.
(04:22):
So we're going to see some really exciting updates over
the next couple of days before December ten when this
all comes comes to fruition. So one of the other
big announcement here I was just talking about exchanges was
by Bit. So by Bit is another Tier one exchange
that has announced that they're listing the night token that
(04:43):
this is coming Spot Trading on the launch of Midnight
as well. So this is a majorly exciting announcement, and
this is mainly because by bit hadn't been an exchange
that listed Condona named tokens before. So this has two
major impacts. One, Midnight Nights is on there, it could
be traded lots of liquidity, fantastic. The second thing is
(05:05):
that other Kadano native tokens can follow suit.
Speaker 2 (05:08):
Now.
Speaker 1 (05:08):
All these exchanges that list Night would have had to
done extra implementation and integrations to integrate in a Kadano
native token. So this has really led the charge to
open up other tokens within the Caadana ecosystem to be
able to list on there. Now. For EVM chains, all
that work has been done ages ago. So all Ethereum
(05:30):
launched had a lot of icos back in twenty seventeen
and a lot of work from the exchanges was done
to list all those tokens, and that was easy that
anytime you launched an EVM token, it is quite easy
to launch on any of these centralized exchanges. But now
for Cadano tokens, because it's different, they have to do
extra work and if people don't pay for that extra work,
(05:53):
it doesn't get listed, So that's where we're at at
the moment. There's that critical Integrations proposal that will going
around and this is what it's all about, paying the
exchanges to get the work done and then other tokens
can launch within the ecosystem too. So this is a
really big impact. For one, we do have the other
exchanges as well, so by bit okx MX and gait
(06:17):
of these, all of these exchanges do push through a
lot of liquidity on there, so we're going to see
a lot of spot trading of Night tooken on launch
as well. So super excited. I don't know if there's
any more exchanges to be announced. There might be. There's
still a few more days before launch, so we might
see some more es. Centralized exchanges announce that they're listing
(06:37):
Night as well. Now with this, we also have various
exchanges announcing that they're doing the air drop claiming process
as well. So some of these exchanges they hold a
lot eighter and they were entitled to the air drops
and they are claiming these and people will be able
to claim them from the tenth of December as well.
(06:59):
So if you are one of these centralized exchanges, check
check if they are doing the air drop. You may
be able to log in like with Gate here and
go through the process there to receive your air drop
of your token. So that is really cool, really good
to see centralized exchanges stepping up and doing that. Now,
what about the thawing process, the redemption process itself. All
(07:22):
of this has been announced and has been detailed out
this post here from Codana with Paul. He posted this
up a few days ago, this little infographic that shows
you what will happen, what you need to do. So,
first off, we do have that thawing process, and you
can go to the redemption platform at the moment, so
it's redeemedt Midnight dot GD. You can go through here,
(07:43):
you can redeem your night tokens. You can connect your
wallets where you're claiming your tokens, or enter in an address.
That's probably the easiest way. Copy your receiving address, paste
it in here, and then you can click confirm and
that will show you when you be able to claim
your night tokens. Now, this was completely random, so in
the first ninety days it will give you an allocation
(08:04):
based on a random algorithm that they put in place.
Some people were able to redeem their tokens from day
one of the launch. Little jealous about that. Some people
hear it. They were able to claim pretty much straight away.
I was a little bit longer with the full eighty
nine days that I have to claim. I have to
(08:25):
wait to be able to claim. But this here is
pretty cool. And if you scroll down here there's some
other people. Paul here managed to get one that was
within the three day period from now, so he's going
to be one of the very first ones to claim
as well. And then some other people here seventy four days,
twenty two days, so it's completely random. So log into
the portal and see when you can get your tokens. Now.
(08:49):
Some other people when they were claiming, they came up
with zero night tokens in there. The double check, double
check what wallets you consolidated to where you're claiming your tokens.
There might be some issues there. You might be able
to reach out and ask what's going on there. Some
other people, Yeah, there's zero night tokens here. I don't
(09:10):
know what's going on there. But three days some people
are claiming really really early, they'll be able to get
their liquidity. Their night tokens sell it on the market
as the interests and everything goes up, so that usually
people that get into the market early are able to
sell their tokens early because there's a lot of interest.
(09:30):
There will be a lot of people wanting to buy
the token at the same time, so it's an opportunity
for those people that get in early. So after that,
that's the redemption process. It unlocks every ninety days, so
you'll get your first allocation. So if you're allocated to
unlock on the very first day, ninety days after that
(09:51):
is your second unlock phase, and so on and so on,
so adding ninety days after that and you'll be able
to unlock throughout the next year. It's going to be
a long while before the are happens now. I do
like this unlocking process because it means all the tokens
won't be dumped onto the market all at the same time.
So if for example, we all got our tokens on
(10:12):
the tenth of December, there'll be a massive dump of
tokens that that's without question every other token launch I've
been in and seen. If you get all your tokens
on the first day, everyone will just try and sell
as much as possible, the price will go down and
then you buy back in at a lower price. So
that's the usual thing that you see in token launches.
But with this, because it's so staggered out, everyone has
(10:35):
a random time and date when they'll be able to
claim their tokens. It's just a lot smoother. So essentially
all these unlocked periods are over a year for everyone,
and it spread out throughout all that time period, so
we're going to see a very steady unlock and price.
Hopefully it should be quite smooth throughout the next year
(10:57):
as people get their tokens. We'll see how this one goes.
The next thing here is the prerequisite of the portal
and the AIDA fee that is needed to be able
to claim your tokens. So, because this is a Kadano
native token, you need to need to pay a little
bit of AIDA for the transaction costs, but then also
(11:19):
a bit of aider to go along with the token.
So any Kadana native token out there, whether it's snack husky,
stripe tokens, whatever it is, you have to send a
bit of aider with it. This is to prevent spam
on the network. If you can imagine, I create a
meme coin of some sort, and then I'll just spread
it all over the wallets in the ecosystem, and I
(11:40):
can continuously keep do that. I can send out scam tokens.
I can send out fake night tokens and just spam
everyone and then people think that might be the real one.
But if you're adding a little bit of cost to
that one aida for each one of those spamming transactions
that goes along with the transaction costs, it's going to
(12:00):
cost me a huge amount. And we have seen this.
There are scam tokens out there. They get march really quickly.
If you look at my wallet here on pool tool
dot PM, you'll be able to see all these scam tokens.
And this would have cost the scammer one eight at
least sending out each one of those scam tokens. So
(12:23):
thank you scammer for the free ada and trying to
scam the community here. But it just doesn't work. And
I think that's a really cool security protocol that they
put in place just to make it more costly for
scammers and people trying to game the system. So that's
pretty cool. The redemption process check the status over the
next year, and then you can pay for the additional
(12:45):
claim fees over the course of the year. Like I said,
you can go to the portal itself now at redeem
dot midnight dot GD. Check out the portal and see
when you can claim your tokens. Leave a comment down below.
I've got this thread here going to see who's the winner,
who's the longest, and who's the earliest person to claim
their tokens from the thaw process. I'd like to see
(13:07):
what you guys get now. There are other ways of
earning the night tokens. If you haven't participated in the
glacier drop, if you weren't in the scammage of mining events,
if you're not doing the lost and Found, you can
eventually delegate your AIDA to a Kadano staatepool such as
Dave here or my own statepool aida oz. I am
setting this up as well, but will have Midnight node
(13:31):
validators that are connected to Kadano pools, and anytime these
operators mint and operate within the Midnight ecosystem, any stakers
on the Cadano side will get some of those rewards
as well. So this is a really interesting mechanism. It's
like a duel symbiotic relationship between the two chains. We
(13:53):
have Midnight providing all the privacy and the partner chains,
and then Kadano sitting on a different layer providing the
participation and decentralization of the network. Really interesting mechanism of
what they've set up here. I think it's quite smart. Now,
what is going to launch with Midnight and what's going
to happen post launch? This is quite interesting now, this
(14:15):
conversation here. This was an video that Child's put up
a little bit earlier. Let me just play this quickly
for you guys.
Speaker 2 (14:24):
Tweets aren't reality, and people have good fun, and actually
it was really a lot of fun to see the
Solana ecosystem play and do it. It's good spirited, you know.
When I was posting the pictures of blowing the Nintendo
cartridge and putting it in and out, it's good spirited.
And when they tweet that it's good spirited, that's the
way I take it. I think that's the way they
take it. And because the reality is we're all friends.
(14:46):
Now we're already talking about Midnight on Solana for privacy,
for Solona contracts and all types of RWAs that can
enjoy the liquidity and dex is that they have in
their ecosystem. So there's a lot of cooperation that's starting
a career behind the scenes.
Speaker 1 (15:02):
How interesting is that there's collaboration bit happening behind the
scenes with Solana and other chains. Now, this is one
big thing that other chains don't have, including Kardana. It's
that whole privacy layer of the transactions. All these DAPs
out there, they're operating, but they're all on chain, they're
all public. That's the whole point of that public ledger
and blockchain in general. But to really get this institutional
(15:25):
level of adoption and real world assets and everything else
about behind it, we need that private layer. We need
to be able to obscure some transactions that go on chain,
but then still reveal it when we need to to authorities.
But this is really interesting that, you know, we're still
digging at each other, but eventually we're going to see
Midnight become a privacy layer for not just Solana, not
(15:49):
just Cardano, but many many different chains out there. So
really really interesting to see how that one's going to
play out. This other one here, this particular announcement around
USD one and r L U s D, and this
is opening up the paths to bring in that stable
coin liquidity. Let me play you guys this one here
(16:10):
as well.
Speaker 3 (16:11):
The challenge with real USD is it is if you
just look at it apples to apples from one stable
coin to another stable coin. It has the same problem
that our USD one has with World Liberty Finance.
Speaker 4 (16:23):
And we actually talked to the USD one people extensively
as well, where they're not small like USDM, but there's
certainly nowhere near the size, scope and scale of Tether
and U SDC. And one of the reasons why the
real USD was created at the XRPL communities because they
actually suffered the same problem that Cardinal suffered, which was
(16:44):
very difficult to make a deal with Circle and Tether,
and they said, well, fuck it, We'll just simply do
our own thing.
Speaker 3 (16:50):
So I think there's a path through midnight to bring
USC one and real USD into the Cardinal ecosystem. We gain,
as an ecosystem substantial negotiating power if we do two things,
One if we get pre existing large stables, and two
if we get our TVL, MAU and transaction count higher.
(17:14):
If we do those two things.
Speaker 1 (17:15):
Then yep, that's the key there. So if we join
forces with other smaller stable coins out there and cross
integrate it and do all that stuff to bring up
the TVL and transactions, we will see the bigger players
pay attention and have interest there. So you go from
having to pay massive amounts of money to get those
(17:35):
stable coins onto our own chain, like ten million dollars
to get to USDC onto Kidano from Hey, we'll do
it for free because we can see the opportunity here.
We can see how we can make money on this chain.
Otherwise it's going to cost us money. So that's the
key thing here. So if we do get our L
USD and USD one onto Kidano and have that broader
(17:58):
scope of integration there and TVL and everything transaction count
and everything going up with the smallest stable coins here,
we'll see the bigger players come into the market as well.
So where this is something that I really hope Charles
is doing the background, I put like a post up
about this, like Charles and Brad talking about bringing URLUSD
(18:21):
to Kadana, and I think it might very well much happen.
Leave a comment down below let me know what you guys,
think about that, now, what about developing and building on midnight?
We know how hard and difficult it is to build
on Kadano sometimes, and look at this here. This was
a Kadana hackathon in bangalorea and one of the streams
(18:41):
was aim assuming then also midnight as well. We had
over four hundred developers brains here at working on lots
of different ideas and projects, and a lot of really
cool things came out of this. We had quite a
few projects building on midnight at that event, coming up,
(19:02):
coming in with just an idea and coming out with
prize money, really cool projects, forming teams and all that stuff,
all the really cool stuff that you do see at hackathons. Now,
one of the really interesting things that came out of
this was pointing out how easy it is to build
on midnight compared to what it was in other ecosystems.
(19:26):
So let me just read this for you. Coding on
midnight is shockingly easy and Kadono Hack Asia in Bangalore
proved it again. What really stood out at Kadano Hack
Asia was how quickly teams went from idea to working
ZK prototype. Now, the ZK prototype means zero knowledge prototype,
so this is the privacy platforms and DAPs out there
(19:49):
that you know. You don't need to understand the tech
behind it. You just need to understand how to build
in typeescript which you can feed into chat, GPT and
just get things working. So this is where we're at
at the moment. Really cool stuff So ZK up private
payments using familiar rails. One Tim built a ZK version
(20:10):
of up up Eye Payments showing how confidential identity and
banking metadata can be protected and to end amazing fantastic
ZKGPS integration. Another stand up combining location proofs with ZK
to verify presence without revealing the actual coordinates. Wouldn't that
be amazing? You can do a Strava run or all
(20:32):
those like tracking apps that tracks your runs, and you
can have that data or recorded and prove that you
did go for the run and have your stats recorded
without showing and revealing all that GPS data to the
centralized servers that store all of that. So that would
be really good. Another one here, ZK email for whistleblowers.
(20:53):
This is this one. Hits Hard, a team built away
for whistleblowers to submit evidence and communicate securely, allowing organ
diezations to verify authenticity without exposing identity or metadata. How
cool is that? And it keeps going here. This goes
on and on zk Dot. AI Diagnosis. A team blended
AI diagnostic models with Midnight to deliver medical insights that
(21:16):
preserve patiency patient privacy. Amazing stuff. So you can see
a lot of really cool things and a lot of
cool applications coming out of all of this. A lot
of cool people that work in the tech space came
together to make this all happen. So lots of really
cool stuff being built very very quickly. I'm going to
see a lot of interesting stuff come out at Midnight.
(21:39):
Now there's some Kadana projects that are building and launching,
but Deegga Markets prediction markets on Kadano are doing an
amazing job building there. But they are ready on test
Net to build with Midnight as well, and they're going
to be launching, i believe, very very soon on Midnight
Chain as it goes live on Maynet. We'll also have
Night here at Nights builds a perpetual platform on Candano.
(22:02):
They're not specifically saying that they're building on Midnight, but
they will be launching perpetuals on Candano with night Token
as soon as it launches, and the teams here that
build on but Deegga Markets, I know they work with
the Strike finance as well, so I believe we will
see something from the Strike team itself when it comes
(22:23):
to building on midnight too, because they are going cross
chain that are going Ethereum, Solana and everything else out there,
so they should be launching on midnight as well, and
that would be very very interesting to see. Okay, guys,
that's all I have for this particular video update around midnights.
There's a lot to go through there. Hopefully you guys
(22:43):
got a really quick and fast redemption period, or an
early one, I should say. That's what I meant, an
early redemption period so you can go and claim your
night tokens as soon as possible. I'm at like I said,
eighty nine days, so eighty eight days now recording this video,
so I'm a little bit later in the process, but
(23:03):
hopefully not too late to the party. I've made it
here in time. If you do want to earn some
more of these night tokens, my stakepool will be a
midnight validator as well. I'll put links down below for that,
and I will update with you guys with videos around
that when it's all up and ready. What you need
to do to be able to claim and get more
night tokens as well. All Right, guys, Like I said,
(23:24):
that's all I got. If you enjoy the video, hit
that thumbs up like subscribe notification belt on your way out.
If you want to support the channel and all the
work that I do, I've got on this side links
to my buy me a coffee. I've got Patreon down
here as well. I've got YouTube memberships down below, and
of course just follow me on all the socials like
the video. Appreciate you guys, and I'll see you all
(23:47):
in the next video.
I've got some really exciting updates for you guys. I've
got some information about the redeeming process of this Glacier
air drop. So if you're in this scavenger mining, if
you were in that big Glacier air drop itself, you
can now possibly log into the platform and see when
you can redeem these tokens. The thaw process is being
set out. I'm always going to look at some implications
(00:21):
of what Midnight can do for the Coadona ecosystem, what
might happen there, some rumors that have been floating around,
and then also look at how easy it is to
develop on Midnight itself, what developers are doing, and what
protocols are going to launch with Midnight when it launches
on maynat as well. So let's get into all of that.
Hey everyone, I'm Peter. If it's your first time here,
(00:42):
hit that thumbs up light subscribe notification bell. Let's get
into these news updates all around Midnight at the moment.
So the first one here is that the Night tokens
have been moving. So we saw this a little bit
earlier this week, and we could see from here because
it is a native toa we can see all this
on chain, and the various amounts of Night tokens have
(01:04):
been moving around to the wallets where they'll be allocated
for various things like the foundation, the glacier, air drop
and all those things. So we can see the token
staying to move. It's pretty exciting to see that's my
wallet there. Just kidding. I don't have two percent of
the entire supply, but would be cool to see what
(01:25):
kind of price this will actually go for when it launches.
Would love to hear your comments down below. Now, we
did have some updates around the Midnight token allocation itself,
so let me zoom in so you can see this.
The biggest change there was the Scavenger mining phase. So
we had the six hundred and twenty six million initially
allocated and that changed to one billion, and that was
(01:48):
taken out of the lost and Found phase, so we
had you can see there six hundred twenty six million,
the lost and found it will drop down to two
hundred and twenty five million, So they're little changes there
that made the Scavenger of mining a lot more interesting
because they boosted up the mount awards. Otherwise, if they
(02:08):
didn't do that, the whole Scavenger of mining event would
have been quite a null event in that we would
have seen a lot of people participating but not getting
much in return for their efforts. That I'm really happy
that they increased that so they could get a little
bit more night tokens out of that process. Otherwise it
would have been really, really boring. The other major change
(02:31):
is the token generation event allocation. So this is usually
for the sale of the token. It's changed from two
point four billion to three point six billion, so it's
increased quite a bit there to be sold through the market,
and I believe that's come out mostly from the reserves
of night tokens. Instead of holding onto the reserves there,
why not just get it out to the market and
(02:54):
see how it goes from there. So I do prefer
these changes here, especially the Scavenger my allocation to the tokenomics.
It's good to see that the tokenomics here are dynamic
and have changed based on the market condition. Well, I'm
glad they didn't just set that in stone and said
that's it, that's what we're going for. Scavenger mining event
(03:16):
was very, very worthwhile and a lot of eyeballs were
on it, so increasing that allocation, they're very good work
and increasing the allocation here for the token generation event,
I think have might have some interesting implications now regards
to what the token be valued on launch. There's a
(03:37):
bit of speculation here, but ten billion FDV could possibly
happen on launch. Here you can see some of these
other projects and tokens that launched recently. Hyper Liquid was
worth the fourteen billion for fully diluted value, Egan layer
six point four, Scroll one point four, Layer zero four
(04:00):
point seven. It could possibly be that much, and with
this much attention and people participating in the ecosystem at
the moment, it very well might be. So I'm looking
forward to seeing what will happen here on launch. And
now this all depends on exchange listings, how much liquidity
is coming in and out, how many holders and all that.
(04:22):
So we're going to see some really exciting updates over
the next couple of days before December ten when this
all comes comes to fruition. So one of the other
big announcement here I was just talking about exchanges was
by Bit. So by Bit is another Tier one exchange
that has announced that they're listing the night token that
(04:43):
this is coming Spot Trading on the launch of Midnight
as well. So this is a majorly exciting announcement, and
this is mainly because by bit hadn't been an exchange
that listed Condona named tokens before. So this has two
major impacts. One, Midnight Nights is on there, it could
be traded lots of liquidity, fantastic. The second thing is
(05:05):
that other Kadano native tokens can follow suit.
Speaker 2 (05:08):
Now.
Speaker 1 (05:08):
All these exchanges that list Night would have had to
done extra implementation and integrations to integrate in a Kadano
native token. So this has really led the charge to
open up other tokens within the Caadana ecosystem to be
able to list on there. Now. For EVM chains, all
that work has been done ages ago. So all Ethereum
(05:30):
launched had a lot of icos back in twenty seventeen
and a lot of work from the exchanges was done
to list all those tokens, and that was easy that
anytime you launched an EVM token, it is quite easy
to launch on any of these centralized exchanges. But now
for Cadano tokens, because it's different, they have to do
extra work and if people don't pay for that extra work,
(05:53):
it doesn't get listed, So that's where we're at at
the moment. There's that critical Integrations proposal that will going
around and this is what it's all about, paying the
exchanges to get the work done and then other tokens
can launch within the ecosystem too. So this is a
really big impact. For one, we do have the other
exchanges as well, so by bit okx MX and gait
(06:17):
of these, all of these exchanges do push through a
lot of liquidity on there, so we're going to see
a lot of spot trading of Night tooken on launch
as well. So super excited. I don't know if there's
any more exchanges to be announced. There might be. There's
still a few more days before launch, so we might
see some more es. Centralized exchanges announce that they're listing
(06:37):
Night as well. Now with this, we also have various
exchanges announcing that they're doing the air drop claiming process
as well. So some of these exchanges they hold a
lot eighter and they were entitled to the air drops
and they are claiming these and people will be able
to claim them from the tenth of December as well.
(06:59):
So if you are one of these centralized exchanges, check
check if they are doing the air drop. You may
be able to log in like with Gate here and
go through the process there to receive your air drop
of your token. So that is really cool, really good
to see centralized exchanges stepping up and doing that. Now,
what about the thawing process, the redemption process itself. All
(07:22):
of this has been announced and has been detailed out
this post here from Codana with Paul. He posted this
up a few days ago, this little infographic that shows
you what will happen, what you need to do. So,
first off, we do have that thawing process, and you
can go to the redemption platform at the moment, so
it's redeemedt Midnight dot GD. You can go through here,
(07:43):
you can redeem your night tokens. You can connect your
wallets where you're claiming your tokens, or enter in an address.
That's probably the easiest way. Copy your receiving address, paste
it in here, and then you can click confirm and
that will show you when you be able to claim
your night tokens. Now, this was completely random, so in
the first ninety days it will give you an allocation
(08:04):
based on a random algorithm that they put in place.
Some people were able to redeem their tokens from day
one of the launch. Little jealous about that. Some people
hear it. They were able to claim pretty much straight away.
I was a little bit longer with the full eighty
nine days that I have to claim. I have to
(08:25):
wait to be able to claim. But this here is
pretty cool. And if you scroll down here there's some
other people. Paul here managed to get one that was
within the three day period from now, so he's going
to be one of the very first ones to claim
as well. And then some other people here seventy four days,
twenty two days, so it's completely random. So log into
the portal and see when you can get your tokens. Now.
(08:49):
Some other people when they were claiming, they came up
with zero night tokens in there. The double check, double
check what wallets you consolidated to where you're claiming your tokens.
There might be some issues there. You might be able
to reach out and ask what's going on there. Some
other people, Yeah, there's zero night tokens here. I don't
(09:10):
know what's going on there. But three days some people
are claiming really really early, they'll be able to get
their liquidity. Their night tokens sell it on the market
as the interests and everything goes up, so that usually
people that get into the market early are able to
sell their tokens early because there's a lot of interest.
(09:30):
There will be a lot of people wanting to buy
the token at the same time, so it's an opportunity
for those people that get in early. So after that,
that's the redemption process. It unlocks every ninety days, so
you'll get your first allocation. So if you're allocated to
unlock on the very first day, ninety days after that
(09:51):
is your second unlock phase, and so on and so on,
so adding ninety days after that and you'll be able
to unlock throughout the next year. It's going to be
a long while before the are happens now. I do
like this unlocking process because it means all the tokens
won't be dumped onto the market all at the same time.
So if for example, we all got our tokens on
(10:12):
the tenth of December, there'll be a massive dump of
tokens that that's without question every other token launch I've
been in and seen. If you get all your tokens
on the first day, everyone will just try and sell
as much as possible, the price will go down and
then you buy back in at a lower price. So
that's the usual thing that you see in token launches.
But with this, because it's so staggered out, everyone has
(10:35):
a random time and date when they'll be able to
claim their tokens. It's just a lot smoother. So essentially
all these unlocked periods are over a year for everyone,
and it spread out throughout all that time period, so
we're going to see a very steady unlock and price.
Hopefully it should be quite smooth throughout the next year
(10:57):
as people get their tokens. We'll see how this one goes.
The next thing here is the prerequisite of the portal
and the AIDA fee that is needed to be able
to claim your tokens. So, because this is a Kadano
native token, you need to need to pay a little
bit of AIDA for the transaction costs, but then also
(11:19):
a bit of aider to go along with the token.
So any Kadana native token out there, whether it's snack husky,
stripe tokens, whatever it is, you have to send a
bit of aider with it. This is to prevent spam
on the network. If you can imagine, I create a
meme coin of some sort, and then I'll just spread
it all over the wallets in the ecosystem, and I
(11:40):
can continuously keep do that. I can send out scam tokens.
I can send out fake night tokens and just spam
everyone and then people think that might be the real one.
But if you're adding a little bit of cost to
that one aida for each one of those spamming transactions
that goes along with the transaction costs, it's going to
(12:00):
cost me a huge amount. And we have seen this.
There are scam tokens out there. They get march really quickly.
If you look at my wallet here on pool tool
dot PM, you'll be able to see all these scam tokens.
And this would have cost the scammer one eight at
least sending out each one of those scam tokens. So
(12:23):
thank you scammer for the free ada and trying to
scam the community here. But it just doesn't work. And
I think that's a really cool security protocol that they
put in place just to make it more costly for
scammers and people trying to game the system. So that's
pretty cool. The redemption process check the status over the
next year, and then you can pay for the additional
(12:45):
claim fees over the course of the year. Like I said,
you can go to the portal itself now at redeem
dot midnight dot GD. Check out the portal and see
when you can claim your tokens. Leave a comment down below.
I've got this thread here going to see who's the winner,
who's the longest, and who's the earliest person to claim
their tokens from the thaw process. I'd like to see
(13:07):
what you guys get now. There are other ways of
earning the night tokens. If you haven't participated in the
glacier drop, if you weren't in the scammage of mining events,
if you're not doing the lost and Found, you can
eventually delegate your AIDA to a Kadano staatepool such as
Dave here or my own statepool aida oz. I am
setting this up as well, but will have Midnight node
(13:31):
validators that are connected to Kadano pools, and anytime these
operators mint and operate within the Midnight ecosystem, any stakers
on the Cadano side will get some of those rewards
as well. So this is a really interesting mechanism. It's
like a duel symbiotic relationship between the two chains. We
(13:53):
have Midnight providing all the privacy and the partner chains,
and then Kadano sitting on a different layer providing the
participation and decentralization of the network. Really interesting mechanism of
what they've set up here. I think it's quite smart. Now,
what is going to launch with Midnight and what's going
to happen post launch? This is quite interesting now, this
(14:15):
conversation here. This was an video that Child's put up
a little bit earlier. Let me just play this quickly
for you guys.
Speaker 2 (14:24):
Tweets aren't reality, and people have good fun, and actually
it was really a lot of fun to see the
Solana ecosystem play and do it. It's good spirited, you know.
When I was posting the pictures of blowing the Nintendo
cartridge and putting it in and out, it's good spirited.
And when they tweet that it's good spirited, that's the
way I take it. I think that's the way they
take it. And because the reality is we're all friends.
(14:46):
Now we're already talking about Midnight on Solana for privacy,
for Solona contracts and all types of RWAs that can
enjoy the liquidity and dex is that they have in
their ecosystem. So there's a lot of cooperation that's starting
a career behind the scenes.
Speaker 1 (15:02):
How interesting is that there's collaboration bit happening behind the
scenes with Solana and other chains. Now, this is one
big thing that other chains don't have, including Kardana. It's
that whole privacy layer of the transactions. All these DAPs
out there, they're operating, but they're all on chain, they're
all public. That's the whole point of that public ledger
and blockchain in general. But to really get this institutional
(15:25):
level of adoption and real world assets and everything else
about behind it, we need that private layer. We need
to be able to obscure some transactions that go on chain,
but then still reveal it when we need to to authorities.
But this is really interesting that, you know, we're still
digging at each other, but eventually we're going to see
Midnight become a privacy layer for not just Solana, not
(15:49):
just Cardano, but many many different chains out there. So
really really interesting to see how that one's going to
play out. This other one here, this particular announcement around
USD one and r L U s D, and this
is opening up the paths to bring in that stable
coin liquidity. Let me play you guys this one here
(16:10):
as well.
Speaker 3 (16:11):
The challenge with real USD is it is if you
just look at it apples to apples from one stable
coin to another stable coin. It has the same problem
that our USD one has with World Liberty Finance.
Speaker 4 (16:23):
And we actually talked to the USD one people extensively
as well, where they're not small like USDM, but there's
certainly nowhere near the size, scope and scale of Tether
and U SDC. And one of the reasons why the
real USD was created at the XRPL communities because they
actually suffered the same problem that Cardinal suffered, which was
(16:44):
very difficult to make a deal with Circle and Tether,
and they said, well, fuck it, We'll just simply do
our own thing.
Speaker 3 (16:50):
So I think there's a path through midnight to bring
USC one and real USD into the Cardinal ecosystem. We gain,
as an ecosystem substantial negotiating power if we do two things,
One if we get pre existing large stables, and two
if we get our TVL, MAU and transaction count higher.
(17:14):
If we do those two things.
Speaker 1 (17:15):
Then yep, that's the key there. So if we join
forces with other smaller stable coins out there and cross
integrate it and do all that stuff to bring up
the TVL and transactions, we will see the bigger players
pay attention and have interest there. So you go from
having to pay massive amounts of money to get those
(17:35):
stable coins onto our own chain, like ten million dollars
to get to USDC onto Kidano from Hey, we'll do
it for free because we can see the opportunity here.
We can see how we can make money on this chain.
Otherwise it's going to cost us money. So that's the
key thing here. So if we do get our L
USD and USD one onto Kidano and have that broader
(17:58):
scope of integration there and TVL and everything transaction count
and everything going up with the smallest stable coins here,
we'll see the bigger players come into the market as well.
So where this is something that I really hope Charles
is doing the background, I put like a post up
about this, like Charles and Brad talking about bringing URLUSD
(18:21):
to Kadana, and I think it might very well much happen.
Leave a comment down below let me know what you guys,
think about that, now, what about developing and building on midnight?
We know how hard and difficult it is to build
on Kadano sometimes, and look at this here. This was
a Kadana hackathon in bangalorea and one of the streams
(18:41):
was aim assuming then also midnight as well. We had
over four hundred developers brains here at working on lots
of different ideas and projects, and a lot of really
cool things came out of this. We had quite a
few projects building on midnight at that event, coming up,
(19:02):
coming in with just an idea and coming out with
prize money, really cool projects, forming teams and all that stuff,
all the really cool stuff that you do see at hackathons. Now,
one of the really interesting things that came out of
this was pointing out how easy it is to build
on midnight compared to what it was in other ecosystems.
(19:26):
So let me just read this for you. Coding on
midnight is shockingly easy and Kadono Hack Asia in Bangalore
proved it again. What really stood out at Kadano Hack
Asia was how quickly teams went from idea to working
ZK prototype. Now, the ZK prototype means zero knowledge prototype,
so this is the privacy platforms and DAPs out there
(19:49):
that you know. You don't need to understand the tech
behind it. You just need to understand how to build
in typeescript which you can feed into chat, GPT and
just get things working. So this is where we're at
at the moment. Really cool stuff So ZK up private
payments using familiar rails. One Tim built a ZK version
(20:10):
of up up Eye Payments showing how confidential identity and
banking metadata can be protected and to end amazing fantastic
ZKGPS integration. Another stand up combining location proofs with ZK
to verify presence without revealing the actual coordinates. Wouldn't that
be amazing? You can do a Strava run or all
(20:32):
those like tracking apps that tracks your runs, and you
can have that data or recorded and prove that you
did go for the run and have your stats recorded
without showing and revealing all that GPS data to the
centralized servers that store all of that. So that would
be really good. Another one here, ZK email for whistleblowers.
(20:53):
This is this one. Hits Hard, a team built away
for whistleblowers to submit evidence and communicate securely, allowing organ
diezations to verify authenticity without exposing identity or metadata. How
cool is that? And it keeps going here. This goes
on and on zk Dot. AI Diagnosis. A team blended
AI diagnostic models with Midnight to deliver medical insights that
(21:16):
preserve patiency patient privacy. Amazing stuff. So you can see
a lot of really cool things and a lot of
cool applications coming out of all of this. A lot
of cool people that work in the tech space came
together to make this all happen. So lots of really
cool stuff being built very very quickly. I'm going to
see a lot of interesting stuff come out at Midnight.
(21:39):
Now there's some Kadana projects that are building and launching,
but Deegga Markets prediction markets on Kadano are doing an
amazing job building there. But they are ready on test
Net to build with Midnight as well, and they're going
to be launching, i believe, very very soon on Midnight
Chain as it goes live on Maynet. We'll also have
Night here at Nights builds a perpetual platform on Candano.
(22:02):
They're not specifically saying that they're building on Midnight, but
they will be launching perpetuals on Candano with night Token
as soon as it launches, and the teams here that
build on but Deegga Markets, I know they work with
the Strike finance as well, so I believe we will
see something from the Strike team itself when it comes
(22:23):
to building on midnight too, because they are going cross
chain that are going Ethereum, Solana and everything else out there,
so they should be launching on midnight as well, and
that would be very very interesting to see. Okay, guys,
that's all I have for this particular video update around midnights.
There's a lot to go through there. Hopefully you guys
(22:43):
got a really quick and fast redemption period, or an
early one, I should say. That's what I meant, an
early redemption period so you can go and claim your
night tokens as soon as possible. I'm at like I said,
eighty nine days, so eighty eight days now recording this video,
so I'm a little bit later in the process, but
(23:03):
hopefully not too late to the party. I've made it
here in time. If you do want to earn some
more of these night tokens, my stakepool will be a
midnight validator as well. I'll put links down below for that,
and I will update with you guys with videos around
that when it's all up and ready. What you need
to do to be able to claim and get more
night tokens as well. All Right, guys, Like I said,
(23:24):
that's all I got. If you enjoy the video, hit
that thumbs up like subscribe notification belt on your way out.
If you want to support the channel and all the
work that I do, I've got on this side links
to my buy me a coffee. I've got Patreon down
here as well. I've got YouTube memberships down below, and
of course just follow me on all the socials like
the video. Appreciate you guys, and I'll see you all
(23:47):
in the next video.
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