午夜代幣解鎖：新的黎明還是又一個加密午夜？

Midnight 的 NIGHT 代幣即將推出，並於 12 月 10 日開始解鎖。這些解鎖會帶來機會還是稀釋？導航午夜網絡並解鎖加密貨幣。

Midnight Token Unlocks: A New Dawn or Just Another Crypto Midnight?

午夜代幣解鎖：新的黎明還是又一個加密午夜？

Midnight's NIGHT token launch is almost here, with unlocks scheduled to begin on December 10. Over 4.5 billion NIGHT tokens, roughly 19% of the total supply, will be redeemed by eligible participants. Will these unlocks bring opportunity or dilution? Let's dive in.

Midnight 的 NIGHT 代幣發行即將到來，解鎖計劃將於 12 月 10 日開始。超過 45 億個 NIGHT 代幣（約佔總供應量的 19%）將由符合資格的參與者贖回。這些解鎖會帶來機會還是稀釋？讓我們深入了解一下。

The NIGHT Unlocks: What's the Deal?

夜晚解鎖：有什麼關係？

The NIGHT token distribution stems from the Glacier Drop and Scavenger Mine initiatives. The Glacier Drop saw over 170,000 wallets claiming 3.5 billion NIGHT, while the Scavenger Mine brought in approximately 8 million wallets claiming an additional 1 billion NIGHT. These events form the basis for the 4.5 billion tokens set to unlock.

NIGHT 代幣的分配源於 Glacier Drop 和 Scavenger Mine 計劃。 Glacier Drop 吸引了超過 170,000 個錢包，索取了 35 億 NIGHT，而 Scavenger Mine 則吸引了大約 800 萬個錢包，索取了另外 10 億 NIGHT。這些事件構成了即將解鎖的 45 億枚代幣的基礎。

The Midnight team will release these tokens in four installments, staggered over 360 days, starting December 10. To avoid a sudden supply shock, each participant's initial unlock date will be randomized within the first 90 days. This measured approach aims to smooth the flow of new supply into the market.

Midnight 團隊將從 12 月 10 日開始，在 360 天內分四期發行這些代幣。為了避免突然的供應衝擊，每個參與者的初始解鎖日期將在前 90 天內隨機分配。這種謹慎的方法旨在使新供應順利流入市場。

Midnight's Roadmap: More Than Just Unlocks

Midnight 的路線圖：不僅僅是解鎖

The NIGHT launch on Cardano marks a pivotal moment for the Midnight Network. Multiple exchanges and wallet providers are expected to announce support soon. Midnight is currently in its first phase, Hilo, focused on community participation and liquidity.

卡爾達諾 NIGHT 的發布標誌著 Midnight Network 的關鍵時刻。預計多個交易所和錢包提供商將很快宣布支持。 Midnight 目前處於第一階段，即希洛，重點關注社區參與和流動性。

The roadmap includes three major phases: Kūkolu (Q1 2026), launching the Genesis block and privacy-enhancing dApps; Mōhalu (Q2 2026), introducing an incentivized testnet for SPOs; and Hua (Q3 2026), focusing on interoperability and hybrid dApps.

該路線圖包括三個主要階段：Kūkolu（2026 年第一季度），推出 Genesis 區塊和增強隱私的 dApp； Mōhalu（2026 年第二季度），為 SPO 引入激勵測試網；和 Hua（2026 年第三季度），專注於互操作性和混合 dApp。

Token Unlocks: A Double-Edged Sword

代幣解鎖：一把雙刃劍

Token unlocks can significantly impact altcoin valuations. Large unlocks can lead to dilution, causing price drops. Remember SEI and ARB? They saw significant price drops after major unlocks, potentially turning them into what some call "zombie coins."

代幣解鎖可以顯著影響山寨幣的估值。大量解鎖可能會導致稀釋，從而導致價格下跌。還記得 SEI 和 ARB 嗎？在主要解鎖後，它們的價格大幅下跌，可能會變成一些人所說的“殭屍幣”。

However, it's not all doom and gloom. Some altcoins can double in value during bullish phases. The key is to embrace market cycles and identify potential rallies. On-chain data can provide valuable insights into upcoming movements.

然而，這並不全是厄運和悲觀。一些山寨幣在看漲階段的價值可能會翻倍。關鍵是要適應市場週期並識別潛在的反彈。鏈上數據可以為即將發生的走勢提供有價值的見解。

Navigating the Crypto Landscape: A Few Thoughts

探索加密貨幣領域：一些想法

Personally, I think the staggered release schedule for NIGHT tokens is a smart move. By spreading out the unlocks, the Midnight team is trying to minimize the risk of a massive price dump. Plus, their focus on utility and future development phases shows they're thinking long-term.

就我個人而言，我認為 NIGHT 代幣的交錯發行時間表是明智之舉。通過分散解鎖，Midnight 團隊試圖將價格大幅下跌的風險降至最低。此外，他們對實用性和未來開發階段的關注表明他們正在進行長期思考。

Of course, the crypto market is unpredictable. But with a well-thought-out strategy and a little bit of luck, Midnight might just pull this off. Keep an eye on Bitcoin's movements, as it continues to exert a strong influence on the altcoin market.

當然，加密貨幣市場是不可預測的。但只要有深思熟慮的策略和一點點運氣，《午夜》也許就能成功。密切關注比特幣的走勢，因為它繼續對山寨幣市場產生強大影響。

So, What's the Verdict?

那麼，判決是什麼？

Will Midnight shine brightly, or will it fade into the darkness? Only time will tell. But one thing's for sure: it's going to be an interesting ride. So buckle up, grab your favorite beverage, and let's see what happens!

午夜會閃耀光芒，還是會消失在黑暗中？只有時間才能證明一切。但有一件事是肯定的：這將是一次有趣的旅程。所以係好安全帶，拿起你最喜歡的飲料，讓我們看看會發生什麼！