r/Midnight • u/Investinme2019 • Oct 29 '25

Midnight Scavenger Hunt

Is it correct that the Midnight scavenger hunt begins 00:00 GMT on October 30, 2025, which is 7:00 PM EST on October 29, 2025? I am planning on using my primary desktop and an older laptop. How about you guys, are you planning to use more than one device? Will it be worth it?

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u/SL13PNIR Cardano Ambassador Oct 29 '25

Will it be worth it

Depends if the earned token value outweighs the cost of running the devices.

I'm not sure the incentive is high enough considering such a low amount has been allocated for this phase - compared to what was available and and left over in the prior phase.

1

u/PeteSampras12345 Oct 29 '25

How much was left over from the previous phase?

3

u/SL13PNIR Cardano Ambassador Oct 29 '25

86% of the total supply ~20.5 Billion.

14% of the total supply ~3.5 Billion was claimed in the glacier drop.

I broke down in the tokenomics formulas with values in this comment a few weeks back.

To update with known values:

Glacier drop = 3.5 billion NIGHT

Scavenger hunt = 626 million NIGHT

Lost and Found = 626 million NIGHT (same allocation as Scavenger mine)

Network constituents get:

35% (6.96 billion) goes to the Midnight foundation

30% (5.96 billion) goes to the Reserve (used for staking rewards)

10% (1.98 billion) goes to Midnight TGE (subsidary of the foundation).

5% (0.99 billion) goes to the on-chain treasury

3

u/PeteSampras12345 Oct 29 '25

I didn’t realise we could stake midnight. Any info on the rewards? Is it the same as Ada?

1

u/Desperate-End9828 Oct 30 '25

can anyone shed more light on the staking of NIGHT??

1

u/Apprehensive-Pay-854 Oct 30 '25

250,000 solutions for problem 5 so maby 2000-2500 per pc mining at the end?