Cardano’s Hoskinson Rejects Crypto Tribalism, Reveals Fresh Details on Massive ‘Glacier Drop’
ADA’s Charles Hoskinson desires crypto’s tribal warfare to finish, and he’s ready to drop tokens on 37 million wallets throughout eight totally different blockchains to make peace.
“Each Consensus, there is a new token… operating round saying, ‘my factor is healthier than your factor,'” Hoskinson stated on stage at Consensus 2025 in Toronto. “The Nash equilibria is aggressive, not cooperative.”
Utilizing Midnight’s upcoming airdrop, known as Glacier Drop, for Cardano’s privacy-focused sidechain that is at present below development, Hoskinson thinks he can do his half to convey peace to the crypto galaxy.
Glacier Drop was first teased in late 2024, Hoskinson revealed key new particulars throughout his speech at Consensus 2025, together with Midnight’s expansive multi-chain method.
Hoskinson confirmed that Midnight tokens, each the NIGHT governance token and the DUST privacy-focused transaction token, might be distributed to roughly 37 million customers throughout eight main blockchains.
Not like typical token launches, Midnight’s tokens might be distributed solely to the retail group with zero allocation to enterprise capitalists or early insiders, Hoskinson stated.
The Cardano founder stated on stage that he dismissed enterprise capital curiosity in Midnight’s token launch, saying he had “no f-ing time in your ponzi” and informed them to “get the hell out,” opting as an alternative to provide the tokens away in what he pitched as a principled, VC-free airdrop.
Recipients of Midnight tokens from the upcoming Glacier Drop can freely hold, commerce, or discard them, Hoskinson defined, a departure from conventional crypto airdrops that usually reward insiders or early adopters completely.
“You have already got it, congratulations,” Hoskinson stated. “It is yours. It is your property.”
Glacier Drop underscores Hoskinson’s imaginative and prescient of “cooperative economics,” one other core idea launched throughout his speech.
Midnight’s new financial mannequin will allow builders from totally different blockchain networks to seamlessly construct hybrid decentralized functions, permitting customers to pay charges of their native tokens.
Ethereum builders pay in ETH, Solana builders in SOL, and Bitcoin builders in BTC, Hoskinson defined.
Validators throughout totally different chains can collaboratively preserve the community, incomes rewards no matter their blockchain affiliation.
Midnight is at present in testnet, with a mainnet launch anticipated by late 2025.
Hoskinson sees the Glacier Drop, cooperative economics, and rational privateness as important elements for welcoming billions of mainstream customers anticipated as Large Tech firms lastly enter crypto.
“That is the mission that I am having essentially the most enjoyable with proper now,” Hoskinson stated, “as a result of it is the mission the place I get to be mates with everyone.”
