Glacier Drop will distribute NIGHT and DUST tokens to 37 million users across eight major blockchains, excluding venture capital allocations.
Midnight’s “collaborative economics” model enables developers to pay fees in native tokens, supporting cross-chain application development and validator rewards.
Midnight’s mainnet is in testnet phase with a planned launch by late 2025, aiming for broad adoption and multi-chain interoperability.
Cardano founder Charles Hoskinson has revealed the Glacier Drop airdrop for Midnight, a privacy-focused sidechain, targeting 37 million crypto wallets.
Glacier Drop Targets Multi-Chain Distribution
During his presentation at Consensus 2025 in Toronto, Charles Hoskinson introduced Glacier Drop—a massive airdrop distributing NIGHT and DUST tokens to wallets across eight major blockchains. This effort marks a departure from traditional token launches by excluding venture capital allocations entirely.
Hoskinson said, “You already have it, congratulations. It’s yours. It’s your property.” The tokens will be distributed directly to users, who can keep, trade, or discard them without restrictions. This retail-focused approach reinforces Midnight’s goal of fostering broader community participation.
Rejecting venture capital involvement, Hoskinson shared, “I had no f-ing time for your ponzi,” further adding that he told them to “get the hell out.” This clear stance underlines his commitment to decentralization and grassroots adoption.
Cooperative Economics and Blockchain Interoperability
Hoskinson also introduced Midnight’s new “collaborative economics” model, which allows developers across blockchains to build applications without switching ecosystems. This model lets developers pay fees in their native tokens—ETH, SOL, BTC—offering more flexibility and inclusivity.
He explained, “Ethereum developers pay in ETH, Solana developers in SOL, and Bitcoin developers in BTC.” The system enables validators from any chain to support the network and earn rewards, regardless of their blockchain origin. This structure aims to reduce tribal competition and support a shared infrastructure.
Hoskinson said, “The Nash equilibria is competitive, not cooperative,” pointing to a need for unity in the crypto space. Midnight’s architecture is positioned to address that gap through shared incentives and cross-chain collaboration.
Mainnet Expected by Late 2025
Midnight is currently in its testnet phase, with a full mainnet launch expected by the end of 2025. The Glacier Drop is intended to kickstart adoption and demonstrate the network’s cross-chain capacity in advance of this rollout.
“This is the project that I'm having the most fun with right now,” Hoskinson said, proud of its broad appeal. He stressed its ability to accommodate billions of users as mainstream enthusiasm for crypto continues to expand.
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