DEV Community

Cover image for [Tutorial] Getting NIGHT Tokens: Exchanges, Bridging & Wallet Funding on Mainnet
Samuel Ajayi
Samuel Ajayi

Posted on

[Tutorial] Getting NIGHT Tokens: Exchanges, Bridging & Wallet Funding on Mainnet

#midnightchallenge #web3 #privacy #blockchain

Have you been wondering how to get your first NIGHT token, which exchanges currently list NIGHT, or how to withdraw it to a Midnight-compatible wallet?

In this tutorial, I will walk you through the current paths for acquiring NIGHT tokens, including where NIGHT is listed, how to fund a supported wallet, and the present state of Cardano-to-Midnight bridging. We will also cover what does not exist yet, what users should be careful about, and what is expected to come as the Midnight ecosystem continues to develop.

Introduction

What Is Midnight Network About?

Midnight Network is a privacy-focused Layer 1 blockchain built to help developers create privacy-preserving applications and allow users to interact with those applications without exposing more data than necessary.

It is also designed as a Cardano partner chain, which means it operates as its own blockchain while connecting into the broader Cardano ecosystem. Midnight's architecture allows Cardano stake pool operators to participate in Midnight consensus, helping the network benefit from Cardano's established infrastructure and validator community.

For developers, Midnight provides tools for building smart contracts and dApps that can verify information using zero-knowledge proofs while keeping sensitive data private. This means developers can create applications where only the required information is disclosed, instead of making every user action or data point fully public by default.

For users, Midnight offers more control over personal and transactional data. Users can choose what information is shared, what stays private, and how they interact with applications that require both trust and confidentiality.

This makes Midnight useful for products that need a balance between transparency, privacy, and compliance, such as identity systems, financial applications, enterprise tools, compliance-focused platforms, and other Web3 products where selective disclosure matters.

What Is NIGHT?

NIGHT is the public, unshielded native utility and governance token of the Midnight Network. Midnight is built as a Cardano partner chain, and NIGHT first launched on Cardano as a Cardano native asset before Midnight's broader mainnet rollout.

Unlike many blockchains where the native token is directly spent as gas, Midnight uses a two-part model: NIGHT and DUST. Holding NIGHT generates DUST, a shielded and non-transferable network resource used to pay for transactions and execute smart contracts on Midnight.

This means getting started with Midnight is not only about buying NIGHT. Users also need to understand where NIGHT is listed, which wallets support it, how withdrawals work, and what the current Cardano-to-Midnight bridging process looks like.

Understanding the NIGHT and DUST Dual-Token Model

Before we continue, let's talk about Midnight's economic design. The network separates governance and capital from operational costs using a dual-component model:

  • NIGHT (The Capital Asset): This is the native token. Holding NIGHT automatically and continuously generates DUST. NIGHT transactions are fully visible on the public ledger.
  • DUST (The Resource): This is a shielded, non-transferable, decaying resource used to pay for transaction fees and execute smart contracts. It functions like a rechargeable battery, consumed during transactions and then regenerated through the holding of NIGHT.

This dual-token model has meaningful consequences:

  • Predictable costs: Enterprises and frequent users gain operational cost predictability because DUST continuously replenishes. There is no need to spend down principal NIGHT holdings.
  • Smooth user onboarding: Developers can hold NIGHT to generate enough DUST to cover transaction fees for their users, making applications effectively free at the point of interaction.
  • Preserved governance: Users spend DUST rather than NIGHT. Participating in the network does not dilute governance rights or long-term ecosystem stake.
  • Regulatory clarity: DUST is strictly a consumable resource, not a financial asset. It is non-transferable and cannot be sent between wallets to settle debts or purchase goods. The architecture splits the financial layer (public NIGHT ledger) from the data layer (shielded DUST usage and ZK proofs).

Setting Up a Midnight-Compatible Wallet

There are quite a number of wallet providers which are compatible with Midnight, including:

You can download and use any of the wallet providers listed above, but for the sake of this tutorial, we will focus on Lace.

Lace is one of the most user-friendly wallets in the Midnight ecosystem. It is built by Input Output Global, the same research and engineering team behind both Cardano and Midnight. Lace received a major update in April 2026 that brought native Midnight mainnet integration. Midnight is now accessible directly inside the Lace extension with no separate app required.

Steps to Set Up Your Lace Wallet

  • Install the Lace browser extension on your PC or download the app through the App Store or Play Store on your mobile device.

  • Click on Create Wallet.

  • Set up your password.

  • Choose Cardano as the account you want to activate.

Voila, you now have a Cardano (Midnight-compatible) wallet.

To retrieve your wallet's private and public key, check the Lace app settings. There is also an option to back it up safely to the cloud.

With your Cardano address, you can receive NIGHT tokens from an exchange, friends, or any other source.

How Do I Acquire NIGHT?

You might be wondering where and how to get NIGHT tokens. NIGHT launched in December 2025 and is now listed across dozens of exchanges, including Binance, Bybit, OKX, KuCoin, Bitpanda, LBank, and more.

Note: Before you can perform any action on centralised exchanges (CEXs), you are required to create an account and complete the necessary KYC verification.

In this tutorial, we will focus on how you can get your first NIGHT tokens through Binance.

How to Buy on Binance with a Card

There are numerous ways to acquire NIGHT tokens through the Binance app, including buying from other Binance users, Apple Pay or Google Pay, using your available balance (USDT or other tokens), paying with a card, or peer-to-peer trading (P2P).

Here is how to buy with a card:

  • Open your Binance app, go to Assets on the bottom right of your screen, then click on Add Funds.

  • Click on Buy with USD.

  • Search for the NIGHT token. Note that you can only buy a minimum of $15 with a card. Add your card as the payment option.

  • Your screen should look like this. Go ahead and authorise the payment.

You are now holding NIGHT tokens in your Binance wallet. You can now choose to send them to the non-custodial wallet you created earlier with Lace, or share them with friends and family.

Withdrawing from Binance to Your Cardano Wallet

Once you have purchased NIGHT on Binance, withdraw it to your Cardano address in Lace or your preferred Cardano wallet.

Step-by-step:

  1. In your Binance account, navigate to Assets, then click on Send.

  1. Click on Withdraw Crypto.

  1. Select NIGHT as the asset.

This screen will appear:

  1. Paste your Cardano address (starts with addr1...) from Lace.

  2. Choose the ADA Cardano network. Do not choose ERC-20 or BEP-20, as selecting the wrong network risks permanent loss of funds.

  3. Enter the amount and confirm the withdrawal. Wait for the transaction to confirm on the Cardano network, which typically takes 5 to 10 minutes.

After the withdrawal is successful, NIGHT will appear in your Lace Cardano wallet alongside any ADA you hold.

Current State of Cardano-to-Midnight Bridging

As of this moment, there is no live bridge. If you hold NIGHT on Cardano right now, it stays on Cardano, and that is by design of the current architecture.

One Token, Two Chains (Cardano and Midnight)

NIGHT is not two separate tokens. It is a single, multi-chain asset. When all 24 billion NIGHT tokens were minted on Cardano in October 2025, that was the first embodiment of the token, as the Midnight mainnet did not exist yet. When the Midnight genesis block was created, the full 24 billion supply was simultaneously mirrored onto the Midnight ledger. The tokens did not travel from one chain to the other. A parallel representation was instantiated on Midnight at genesis.

To prevent double-spending, a protocol-level mechanism ensures any given token can only be active on one chain at a time. Think of it less like a bridge and more like a switch, flipping a token's active state from Cardano to Midnight while keeping the total supply locked at 24 billion across both chains at all times.

The Planned Bridge (MIP-20)

There is currently an implementation of a technical specification for user-facing bridging called MIP-20, a Midnight Improvement Proposal that was accepted in September 2025. Its status on GitHub is marked Done, meaning the spec was approved and handed to implementation teams, but an approved spec is not the same as a live product.

When it ships, here is how it will work:

  • You initiate a transfer through a supported wallet (Lace) or DApp.
  • A Cardano Plutus smart contract locks your NIGHT. You pay a standard Cardano fee (approximately 0.2 to 0.5 ADA). There is no additional bridge fee at launch.
  • The Midnight network's observation layer watches Cardano and waits roughly 12 hours for the lock transaction to become irreversible. This delay is intentional. It is the price of trustlessness, not a congestion issue.
  • After finality, your NIGHT enters a ready-to-claim pool on Midnight. You submit a claim transaction to move it into your active balance.

Note: The bridge is one-way only, from Cardano to Midnight. There is no reverse path in MIP-20. Wrapped-token workarounds are also not a substitute, as a synthetic bridged version of NIGHT would not generate DUST, since DUST is tied to the canonical Cardano token.

What Doesn't Exist Yet

As of May 2026, several key pieces of Midnight infrastructure are still in development. There is no live user-facing bridge yet. MIP-20 is spec-approved but not shipped, so NIGHT on Cardano stays on Cardano for now. There is also no native Midnight network address available to users. Even when MIP-20 ships, the bridge will only go one way, and moving NIGHT back from Midnight to Cardano is a separate future proposal with no confirmed timeline. The DUST Capacity Exchange, which would allow users to buy and sell DUST as a marketplace, is also not yet live and is planned for the Mohalu phase. On top of that, validator staking rewards for SPOs and NIGHT holders are also a Mohalu feature and are not live at launch. NIGHT holders cannot yet submit governance proposals or vote on protocol changes, as the network is still operating in a federated state. Finally, Hybrid DApps that would extend Midnight's privacy layer across Ethereum, Solana, and other ecosystems are part of the Hua phase and are the furthest out on the roadmap.

What's Coming

The most anticipated addition to the Midnight ecosystem is the live Cardano-to-Midnight bridge, which was planned for Q1 to Q2 2026 and remains the single most consequential piece of infrastructure still outstanding. Following that, the Mohalu phase is expected to bring a significant wave of changes around mid-2026, including full SPO onboarding, staking rewards for validators and NIGHT holders, the DUST Capacity Exchange, and the first iteration of on-chain governance that will let NIGHT holders submit proposals, manage the Treasury, and vote on protocol upgrades. Further down the road, the Hua phase targets late 2026 and beyond, introducing hybrid DApps that extend Midnight's privacy layer across Ethereum, Solana, and other ecosystems.

For more information and to stay updated on future Midnight Network developments, you can:

Top comments (0)