The Wait is Over: NIGHT Has Arrived in Lace
The moment we’ve been waiting for is just around the corner. NIGHT, the native token of the Midnight Network, is coming to Lace.
This milestone marks the start of the redemption period for the Glacier Drop. For the thousands of you who participated in the community events, this is the exciting part: moving from claiming your tokens to owning them.
But owning NIGHT is just the beginning. To explore what NIGHT can do, you need a wallet that keeps things simple while unlocking the full world of web3. That’s where Lace comes in.
Lace provides the secure, easy-to-use wallet infrastructure for the Midnight network, so you can manage your NIGHT tokens and interact with Midnight apps - all in one place..
The Glacier Drop: How to Redeem Your NIGHT
Starting December 10th*, NIGHT tokens begin to unlock (or “thaw”) for eligible participants.
In the crypto world, thawing just means your allocated tokens don’t arrive all at once, they’ll unlock in four installments over the next year.
How to get ready:
- Check Early: Visit the official portal at midnight.gd a few days before December 10th*. Connect your wallet early to check your allocation and see your personal schedule. That way, you’ll be ready when redemption starts.
- Fund Your Lace Wallet: Redemption happens on the Cardano network, so you’ll need a small amount of ADA for the network fee (2-3 ADA is plenty). Make sure Lace is funded before the redemption window opens.
- Redeem with Lace: When it’s time, connect your Lace wallet to the portal and follow instructions to redeem your allocated tokens. Once you’ve completed the redemption flow, your NIGHT tokens will be sent straight to your Lace wallet.
* Dates are sourced from Midnight documentation and may be subject to change outside of Lace’s control.
Meet NIGHT: More Than Just a Token
Once you’ve got your NIGHT in your Lace wallet, you might be wondering - what can it do?
NIGHT is the native token of the Midnight network and plays an essential role in keeping the system running.
It can generate DUST, which is used to pay transaction fees for both private and public transactions. By designating your NIGHT to participate in the DUST generation mechanism, you help power the Midnight network and become part of the selective privacy future.
Just a heads-up: For these NIGHT tokens on Cardano, this designation utility will enable when the Midnight Mainnet launches in the coming months. Want to try it sooner? You can practice using the designation mechanism right now with test tokens in the Lace Midnight Preview extension.
Explore the Midnight Preview
Your real NIGHT tokens are safely stored on the Cardano network through your Lace wallet, but the future of Midnight is already taking shape.
We want you to feel comfortable exploring it, so we created the Lace Midnight Preview extension.
As the first wallet to support the Midnight network, this dedicated extension gives you a safe hands-on environment to:
- Learn how NIGHT designation works
- Try out the new privacy features
- Get comfortable with the interface
Start Learning Today
Don't wait for Mainnet to figure out how this technology works. Download the Lace Midnight Preview extension now to experience the future of data protection.
Download Lace Midnight Preview
Note: The Lace Midnight Preview is a separate extension for testing purposes for users who want to explore Midnight functionality before mainnet launch. Your real NIGHT tokens from the drop should be managed in your main Lace wallet.
What’s Next?
Now that NIGHT is here, we are entering a new era of "Hybrid" assets. In our next article, we’ll break down exactly how Lace helps you manage these two worlds -public and private- in a one simple interface.
This content is for informational purposes only and does not constitute financial, investment or legal advice. It does not constitute an offer or solicitation to purchase NIGHT tokens or any other digital asset in any jurisdiction. Cryptocurrency investments carry risk. The availability of services may vary by jurisdiction.