Is the Gas fee too high and making you want to curse? The 'by-product' trading market of NIGHT might be a new idea
Guys, are you fed up with the outrageous Gas fees on the chain? It feels like every interaction is paying 'rent' to the miners. Today I saw the economic model of @MidnightNetwork, and I found the setting of the 'DUST capacity market' quite interesting.
In simple terms, if you hold $NIGHT , you will automatically generate DUST. Here's the key: if you can't use up your DUST, you can list it on the P2P market to sell, or rent it to developers in need.
This is a big boost for ecological expansion. Just think about it, a team wanting to develop privacy applications can directly purchase cheap DUST in bulk from the market to pay for users' Gas, making the experience much smoother. This is equivalent to turning idle 'network computing power' into tradable assets.
On the security side, Midnight's Minotaur consensus binds staking and physical resources, making the cost of attacks extremely high, which is very reassuring. In terms of strategic support, relying on IOG and the Cardano ecosystem, the starting point is not low.
Speaking of the tokens that everyone is most concerned about, 24 billion NIGHT sounds scary, but the 'iceberg airdrop' unlocks over 360 days, so the selling pressure is smoothed out. NIGHT is an asset, and DUST is a consumable; this dual-token model can avoid 'price rise and network death'.
I am very optimistic about the economic design of this project. It is not about short-term speculation, but about building a privacy economic system that can operate in the long term. The community sentiment is currently leaning towards technology and long-termism, which is a good phenomenon.
In terms of trading, my current strategy is to keep observing. I will focus on whether the DUST market can really become active after the mainnet goes live, as well as the outbreak of ecological applications. This will determine its long-term value. Short-term price fluctuations can be viewed with less concern in the face of such a grand narrative.
@MidnightNetwork
$NIGHT
#night
Guys, are you fed up with the outrageous Gas fees on the chain? It feels like every interaction is paying 'rent' to the miners. Today I saw the economic model of @MidnightNetwork, and I found the setting of the 'DUST capacity market' quite interesting.
In simple terms, if you hold $NIGHT , you will automatically generate DUST. Here's the key: if you can't use up your DUST, you can list it on the P2P market to sell, or rent it to developers in need.
This is a big boost for ecological expansion. Just think about it, a team wanting to develop privacy applications can directly purchase cheap DUST in bulk from the market to pay for users' Gas, making the experience much smoother. This is equivalent to turning idle 'network computing power' into tradable assets.
On the security side, Midnight's Minotaur consensus binds staking and physical resources, making the cost of attacks extremely high, which is very reassuring. In terms of strategic support, relying on IOG and the Cardano ecosystem, the starting point is not low.
Speaking of the tokens that everyone is most concerned about, 24 billion NIGHT sounds scary, but the 'iceberg airdrop' unlocks over 360 days, so the selling pressure is smoothed out. NIGHT is an asset, and DUST is a consumable; this dual-token model can avoid 'price rise and network death'.
I am very optimistic about the economic design of this project. It is not about short-term speculation, but about building a privacy economic system that can operate in the long term. The community sentiment is currently leaning towards technology and long-termism, which is a good phenomenon.
In terms of trading, my current strategy is to keep observing. I will focus on whether the DUST market can really become active after the mainnet goes live, as well as the outbreak of ecological applications. This will determine its long-term value. Short-term price fluctuations can be viewed with less concern in the face of such a grand narrative.
@MidnightNetwork
$NIGHT
#night