Midnight Distributions: Cardano's NIGHT Tokens Unlock Over 36 Months

Cardano's NIGHT tokens are being distributed by Midnight, its privacy network, in four equal tranches over a 360-day period. The final tranche is set to unlock on December 4, 2026, with holders able to redeem each portion through a portal using their destination address and a Cardano wallet that supports ADA for fees.

A 90-day grace period will follow the thawing period for any final redemptions before the portal closes. This staggered schedule aims to prevent market flooding but requires token holders to track their own redemption dates carefully to avoid losing access to their tokens.