NIGHT is currently around 0.017u. Yesterday it dropped hard, falling by nearly 33% in a single day.

This project is a new chain created by Cardano’s founder. It focuses on privacy protection, using zero-knowledge proof technology so applications can protect user data without fully disclosing it, while still enabling cross-chain functionality with Cardano.

Its token design is relatively special: a dual-token model. NIGHT is used for voting, participating in governance, and earning rewards. There’s also another token called DUST, which is specifically for paying transaction fees. DUST is generated gradually through holding NIGHT, without needing to pay extra.

Over the past two days, Europe has been running an airdrop campaign. Users can claim it on the official website. This news was originally a positive, but the price is still falling instead—suggesting the market isn’t reacting much to this kind of airdrop incentive, and sell pressure is stronger.

Based on historical data, this coin has consistently underperformed the broader market and similar projects. In the community too, some people are watching to see whether there are any new applications that can actually start running recently.

For privacy-focused projects still in the early stage, price swings are huge—both up and down are very sharp #night $NIGHT