#Cardano founder Charles Hoskinson is launching a VC-free token distribution across eight blockchains, including the XRP Ledger, with the aim of ending “crypto tribalism.”

At Consensus 2025 in Toronto, Hoskinson reiterated the groundbreaking airdrop, dubbed the Glacier Drop, as part of the rollout for Midnight, Cardano’s upcoming privacy-focused sidechain.

The airdrop will target 37 million addresses across eight major blockchains, including holders of XRP, Bitcoin, and Cardano itself. The Glacier Drop will distribute two native Midnight tokens: NIGHT, a governance token, and DUST, for private transactions.

No Venture Capital, No Insiders: Only Retail Users

Departing from traditional token launches, Hoskinson confirmed that no venture capitalists or early insiders will receive Midnight tokens. He called attention to the airdrop’s simplicity and fairness during the event.

Specifically, the system will allocate the airdrop to retail users. Hoskinson described the move as a principled stand against what he called “VC Ponzi” dynamics in crypto. Notably, token recipients will be free to trade, keep, or discard the assets.

Aiming to End Crypto Tribalism

Midnight’s Glacier Drop spans eight networks: Cardano, Ethereum, Solana, Avalanche, XRP Ledger, Bitcoin, BNB Chain, and BAT (Basic Attention Token). Hoskinson hopes to move beyond the tribalism that often divides crypto communities by bridging these ecosystems.

“Every Consensus, there is a new token shouting ‘my thing is better than yours,’” he remarked, calling for a change from competitive to cooperative economics.

Other industry leaders like Ripple CEO Brad Garlinghouse and attorney John Deaton are also advocating for collaborative efforts over the typical rivalry that has plagued the crypto ecosystem. They stressed that the industry grows stronger through unity rather than existing in separate factions...
#Crypto