Charles Hoskinson has reached a milestone with the official launch of Midnight, dubbed as the "first 4th-generation cryptocurrency." The Cardano founder claims the new ecosystem is valued at $1 billion, aiming for $10 billion. Despite food poisoning, he conducted a livestream on December 9th from Colorado, underscoring his dedication to this project.
Hoskinson emphasized the decentralized nature of Midnight’s launch. Unlike common industry practices, the project had no ICO, no insider investors, and no venture capital backing. This approach stands in stark contrast to recent launches we’ve observed in the crypto ecosystem, where VCs often hold massive allocations before public listing.
The Cardano founder presents this choice as an ideological statement about how cryptocurrencies should be distributed. After six years of development, Midnight is entering its first operational phase with an ambitious roadmap for the next nine months. The project plans to integrate decentralized applications, multi-resource consensus, and post-quantum cryptographic schemes.
This launch strategy recalls the early days of Bitcoin, where network distribution occurred without pre-funding or privileges granted to an elite group of investors. Hoskinson is clearly betting on organic adoption rather than an artificial pump fueled by institutional capital.
Midnight positions itself as a privacy infrastructure compatible with all blockchains. Chain-agnostic interoperability represents one of the project’s technical pillars. This approach theoretically allows any protocol to integrate Midnight’s data protection features without fully migrating its infrastructure.
Hoskinson openly criticizes current systems that disregard user privacy. He emphasizes that protecting this infrastructure remains essential in the face of excessive regulatory risks. With governments increasing regulatory pressure on the crypto sector, this defensive stance reflects the community’s growing concerns.
The founder advocates for protocols that preserve individual economic rights. This vision aligns with the original cypherpunk philosophy of cryptocurrencies, where financial privacy constitutes a fundamental right rather than an option. Midnight aims to restore this balance in an increasingly restrictive regulatory environment.
Midnight currently represents the most dynamic project in the Cardano ecosystem. The network already counts hundreds of ambassadors and is recording significant growth on Discord. This community mobilization contrasts with ADA’s price performance, currently trading around $0.46.
It is now the token with the highest volume on Cardano and surpassed $100 million in volume just hours after its launch.
Hoskinson actively invites enthusiasts to join the movement and become active contributors. This community development strategy aims to demonstrate the project’s innovation capacity against fierce competition. The battle to attract developers and users is intensifying among different Layer 1s.
The gap between the stated ambition (a $10 billion ecosystem) and ADA’s current price raises questions. Investors will closely monitor Midnight’s actual adoption and its impact on Cardano’s valuation. The market remains skeptical until concrete usage metrics validate Hoskinson’s projections.
Buy your NIGHT tokens before the explosion to a $10 billion market cap on ByBit:
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Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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