Color Palette:

1. Color Name: Midnight Blue
   Hex Code: 
                            
                            #191970
                        
   Palette Description: This deep and rich shade of blue resembles the beauty of a moonlit night sky. It adds an air of mystery and elegance to any design.

2. Color Name: Electric Yellow
   Hex Code: 
                            
                            #FFFF00
                        
   Palette Description: This vibrant and intense yellow hue adds a striking contrast to the dark blue. It brings energy and excitement, perfect for creating a visually stimulating design.

3. Color Name: Magenta Magic
   Hex Code: 
                            
                            #FF00FF
                        
   Palette Description: This bold and captivating magenta shade complements the dark blue, creating a captivating contrast. It adds a touch of mystery and intrigue to the color palette.

4. Color Name: Lime Zest
   Hex Code: 
                            
                            #00FF00
                        
   Palette Description: This lively and vibrant lime green color adds a refreshing and invigorating element to the palette. It brings a burst of freshness and creativity when combined with the dark blue.

5. Color Name: Fiery Red
   Hex Code: 
                            
                            #FF0000
                        
   Palette Description: This intense and passionate shade of red adds a fiery contrast to the dark blue. It symbolizes strength and power, making it perfect for creating bold and impactful designs.

Note: This color palette includes contrasting colors that can be used creatively to make designs visually striking and eye-catching.