The Midnight network, the side series that focuses on privacy within the Kardano system, has witnessed a great development after the distribution plan of its touts moved from the hints stage to the official formula, through the issuance of the white paper for the symbolic economy and the incentives of users.
The 45 -page paper revealed the details of the distribution of up to 24 billion Night, which is the full amount of Kardano, with the opposite directly on the Midnight network.
According to the document, the expansion of the distribution will be subject to a gradual contraction model until it stops when the full supply is traded.
The Night Knan and its role inside the network
The Night Night as an insecurity origin is used, but it is used to generate an internal resource called Dust, a supplier that cannot be circulated, burned as soon as it is used, and the generation of DUST is automatically in each block, and attributed to a special encrypted address that respects privacy.
While the maximum production limit is determined according to the amount of the night that the address holds, and if the user decides to transfer the inkat or change the destination, the completely generated from the Dust is canceled, which maintains the principle of active association between use and keeping the control.
Gradual bonuses and emission form
Midnight’s economic system is based on a smart distribution mechanism where the bonuses of bloc producers are spent from a special reserve from the Night Night, at a rate of three percent annually, but it decreases over time.
The network is protected against empty blocks with a steady minimum bonuses, while the blocks full of converting excess rewards to the network treasury stimulates the maximum benefit from each productive mass, in this way Midnight guarantees the continued distribution of rewards for more than a century.
Glacier Drop distribution details and eligibility conditions
The first phase of the distribution of Nights, known as Glacier Drop, will focus on eight main networks, and holders of Kardano will get half of the supply, while the other half is distributed on Bitcoin, Ethereum, Solana, Repel, Bennes, Avalash, and Brave wallet, based on the dollar value that was present in each address during a random shot Previously captured.
The distribution is conditional that the assets are preserved in self -portfolios and not in the accounts of trading platforms, and the titles should not be subject to any penalties.
Steps to claim symbols and user entitlements
In order for the user to be able to demand the information, he must prove his ownership of the portfolio by signing an encrypted message, then introduces a new Kardano address that is not used to receive the contrasts, and this procedure maintains privacy, and he will also have to wait Immediate and encouraging effective participation in the construction of the network.
What happens to the non -demanding knnat?
In the event that a portion of the Containers is not required during the first stage, it will be recycled to the second stage, called Scaverger Mine, which relies on a solution to the mathematical puzzles that enhance the network structure.
As for the last stage, Lost-And-Found, it provides a final opportunity to get the remaining Containers after launching the main network.
