The privacy-focused chain built on Cardano's infrastructure just dropped its native token NIGHT. This move isn't just about launching another crypto asset—it's designed to bootstrap liquidity while giving the community actual skin in the game as they transition toward full decentralization.

What makes this notable? The Midnight Foundation and other major ecosystem players greenlit a 70 million ADA allocation. That's a serious commitment signaling they're backing this privacy layer for the long haul, not just testing waters with mainnet aspirations.