During Consensus 2025, Charles Hoskinson, founder of Cardano, announced the launch of the Midnight Glacier Drop airdrop targeting 37 million users.
Announcement of Airdrop
At Consensus 2025, Charles Hoskinson announced the upcoming Midnight Glacier Drop airdrop which will target 37 million wallets across eight blockchains. Hoskinson emphasized that instead of raising funds through an ICO or venture capital, 'I will spend my own money, build it, release, finish, and do an airdrop to these eight different chains.'
Exclusion of Venture Capitalists
The airdrop, which excludes venture capital participation, aims to enhance engagement among retail holders. Hoskinson indicated that this should foster broader adoption of the technology.
Expected Outcomes
The initiative is expected to positively impact network activity and asset liquidity, particularly within the Cardano ecosystem. Predictions are based on historical data that indicate potential price increases and enhanced engagement following similar airdrops.
The Midnight Glacier Drop airdrop, focusing on community participation and excluding venture funding, represents a shift towards a more democratic model of cryptocurrency distribution. This initiative may influence market dynamics and increase interest in blockchains.
