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Cardano's NIGHT tokens unlock gradually over 360 days; holders must manually redeem each tranche by Dec 2026.

Protocol Fundamentals
09 Sep 2026
CryptoTicker
View Source
Neutral
Cardano's NIGHT tokens unlock gradually over 360 days; holders must manually redeem each tranche by Dec 2026.

Cardano's privacy network Midnight distributes NIGHT tokens in four equal tranches over a 360-day thawing period ending December 4, 2026. Token holders must actively redeem each tranche through a portal using their destination address and a Cardano wallet with ADA for fees. A 90-day grace period follows the thawing period for final redemptions before the portal closes. The staggered schedule prevents market flooding but requires holders to track their own redemption dates carefully to avoid losing access to their tokens.

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