At the Consensus 2025 conference, Charles Hoskinson, the founder of Cardano, introduced a new initiative called Glacier Drop, connected to the upcoming launch of the Midnight sidechain.
What is the Glacier Drop
The Glacier Drop is set to distribute Midnight tokens – NIGHT and DUST – to 37 million wallets across eight major blockchain ecosystems, including Bitcoin, Ethereum, Cardano, and others.
No Venture Capital Involvement
Hoskinson emphasized that there will be no allocations for venture capitalists in the airdrop. "No VCs, just the people," he declared during his speech. All tokens will go directly to retail users.
Midnight Mainnet Launch by Year-End
The Midnight mainnet is scheduled to launch before the end of 2025, with the airdrop planned as a significant onboarding event. Hoskinson described the airdrop as "a principled approach" to building adoption, focusing on privacy and decentralization.
The Glacier Drop initiative by Charles Hoskinson aims to enhance access to cryptocurrencies and return control to the community, reflecting ongoing trends in the industry.
