the vast majority of value for Midnight is going to come from servicing other networks. Midnight will bring transaction volume into Cardano $ADA from Solana $SOL , Ethereum $ETH , Bitcoin, and other places. It's adding a new capability.

Founder Charles Hoskinson says "a whitepaper will be published with all the Midnight tokenomics. A dual-token model—one lives on Midnight, and one lives on Cardano. We're doing our final review and then we'll publish the paper, and then the Glacier drop."