Cardano co-founder, Charles Hoskinson, is preparing to roll out a major multi-chain token airdrop aimed at bringing more unity to the divided crypto landscape.
Speaking at Consensus 2025 in Toronto, the Cardano founder revealed new insights into the Cardano’s privacy-first sidechain, Midnight’s Glacier airdrop.
Set to reach 37 million wallets across eight major blockchains, the Glacier Drop is shaping up to be one of the biggest token giveaways the crypto world has seen.
The move comes amid growing division among crypto communities, which Hoskinson likened to unproductive “tribal warfare” in the industry. “Every Consensus, there’s a new token… running around saying, ‘my thing is better than your thing,’” he said on stage. He believes the current crypto landscape is locked in a “Nash equilibrium” of competition, not cooperation, and he wants to change that.
Midnight, which remains in testnet with a mainnet launch expected later this year, aims to enable private smart contracts while supporting cross-chain functionality. But it’s the project’s economic model — and how tokens are being distributed — that Hoskinson hopes will shift industry norms.