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Midnight News
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About Midnight
Although 'MDT' was the ticker assigned at the deployment of the Midnight Token's smart contract, it is also in use by another asset with a larger market presence and higher trading volume on major exchanges. To avoid confusion in the marketplace, the alternative ticker 'MIDN' has been adopted for this token. This designation ensures that assets are distinctly identified.
Midnight is a combined proof-of-work and proof-of-stake cryptocurrency that uses the Blue Midnight Wish hashing algorithm throughout, for block hashes as well as additional replacement of Bitcoin's double-SHA256 hashing. Proof-of-work in Midnight is ongoing. The initial mining emission is a high reward using a triangle waveform, with proof-of-stake high rewards interleaved. After approximately 15 days of high reward period, the block reward for both POW and POS goes to 1 MDT per block, and halves every year to a floor of 0.125 MDT for POW and 0.25 MDT for POS. Every 720 blocks is a 100 MDT coin reward, which acts as an incentive to mine on a continuous basis.
Midnight Markets
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