$NIGHT is up 6.7% over 24 hours, but its most useful feature is easy to misunderstand: NIGHT is not the asset spent on Midnight transaction fees.
NIGHT is the transferable native utility token. Eligible NIGHT outputs generate DUST over time. DUST pays network fees, is shielded, cannot be transferred, and is calculated from the backing NIGHT rather than held like a normal token balance. Spending that NIGHT starts the associated DUST’s decay.
Why split the roles? It separates the network’s transferable asset from the private fee resource used by apps. For users, the practical detail is that moving NIGHT can affect DUST generation even if the same total NIGHT returns to the wallet.
So the thesis is not “NIGHT gets burned for every transaction.” The real adoption question is whether useful private apps create sustained demand for NIGHT-backed DUST capacity.
Snapshot: NIGHT/USDT $0.05003, +6.67% over 24h at 11:06 Beirut, 6 Oct. Binance spot. Protocol facts: Midnight docs.
#Midnight #CryptoEducation
NIGHT is the transferable native utility token. Eligible NIGHT outputs generate DUST over time. DUST pays network fees, is shielded, cannot be transferred, and is calculated from the backing NIGHT rather than held like a normal token balance. Spending that NIGHT starts the associated DUST’s decay.
Why split the roles? It separates the network’s transferable asset from the private fee resource used by apps. For users, the practical detail is that moving NIGHT can affect DUST generation even if the same total NIGHT returns to the wallet.
So the thesis is not “NIGHT gets burned for every transaction.” The real adoption question is whether useful private apps create sustained demand for NIGHT-backed DUST capacity.
Snapshot: NIGHT/USDT $0.05003, +6.67% over 24h at 11:06 Beirut, 6 Oct. Binance spot. Protocol facts: Midnight docs.
#Midnight #CryptoEducation
