Midnight NIGHT Token ‘Thaws’ Start December 10 As 4.5 Billion Unlocks Kick Off

Midnight’s upcoming token launch has entered its final countdown, with the NIGHT token scheduled to go live on December 8. The project’s foundation has outlined how more than 4.5 billion NIGHT, representing roughly 19% of the 24 billion total supply, will be redeemed by eligible participants starting December 10.

The redemption process comes from allocations recorded during the Glacier Drop and Scavenger Mine initiatives. According to the foundation, the Glacier Drop drew participation from more than 170,000 wallets between August 5 and October 20, 2025, leading to claims on 3.5 billion NIGHT.

The Scavenger Mine, held from October 30 to November 19, brought in approximately eight million unique wallets that claimed an additional one billion NIGHT. Together, the two phases form the basis for the 4.5 billion tokens now scheduled to unlock.

Midnight that the redemption will occur through timed release windows known as “thaws.” The first window opens at 00:00 UTC on December 10, when users will be able to begin redeeming allocations. Ahead of that date, an official portal will allow participants to preview their claim amounts and view individualized release schedules.

The foundation said tokens will be unlocked in four equal installments over a 360-day period. Each thaw will release 25% of a participant’s claimed NIGHT. To reduce concentrated supply movements, the initial thaw date for each user will be spread across the first 90-day period between December 10, 2025, and early March 2026. Afterwards unlocks are set at 90-day intervals, establishing a uniform schedule that extends through November 29, 2026, which helps smooth the flow of new supply into the market.

Once the final thaw is completed, the foundation expects a 90-day grace window before the redemption portal closes. This additional period is intended to give participants time to finish their claims before the process concludes, reducing the risk that eligible wallets miss their redemption window.