Midnight sidechain launches “Glacier Drop” token airdrop.
NIGHT and DUST tokens to reach 37M users across 8 blockchains.
New “collaborative economics” model introduced, VCs excluded.
Massive Airdrop from Cardano’s Midnight Project
Cardano founder Charles Hoskinson has revealed a major milestone in the launch of Midnight, a privacy-focused sidechain built on the Cardano ecosystem. In a bold move, Midnight will initiate the “Glacier Drop” — an expansive airdrop distributing NIGHT and DUST tokens to 37 million eligible users across eight major blockchains. Notably, venture capital firms (VCs) are completely excluded from the token allocation.
The Glacier Drop is designed to give tokens directly to real users, promoting decentralization and fairness in distribution. This approach reflects Hoskinson’s vision for a more inclusive and community-oriented blockchain economy.
Collaborative Economics: A New Model
Along with the Glacier Drop, Hoskinson introduced a new “collaborative economics” model. Unlike traditional crypto projects that often rely heavily on VC funding and centralized control, this model empowers community participation and governance from day one. The goal is to create a sustainable and privacy-respecting network that remains independent and transparent.
Midnight is designed to bring confidentiality to smart contracts and decentralized applications. By leveraging zero-knowledge cryptography, it enables developers to build dApps that protect user data — a growing demand in the blockchain world.
Cardano founder Charles Hoskinson announced the "Glacier Drop" airdrop for the Midnight privacy sidechain, distributing NIGHT and DUST tokens to 37 million users across eight major blockchains, excluding VCs. He introduced a "collaborative economics" model. Midnight's mainnet is…
— Wu Blockchain (@WuBlockchain) May 15, 2025
Midnight’s Roadmap and Mainnet Launch
According to Hoskinson, Midnight is currently in its development phase, with its mainnet expected to go live by the end of 2025. The Glacier Drop sets the stage for early community involvement and token distribution, allowing the ecosystem to grow organically before its full launch.
This initiative could position Midnight as a major player in the privacy blockchain space, with broad user support and a unique economic model designed to resist centralization.
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