The founder of Cardano, Charles Hoskinson, is preparing to launch a large distribution of multi-chain tokens aimed at bringing more unity to the divided cryptocurrency landscape.

Speaking at the Consensus 2025 conference in Toronto, the founder of Cardano revealed new insights about the private side of the Cardano sidechain, the Midnight Glacier distribution.

Set to reach 37 million wallets across eight major blockchains, the Glacier distribution appears to be one of the largest token distributions the cryptocurrency world has seen.

This move comes amid increasing division among cryptocurrency communities, which Hoskinson likened to a 'tribal war' that is unproductive in the industry. 'At every Consensus, there's a new token... going around saying, 'My thing is better than your thing,'' he said on stage. He believes the current cryptocurrency landscape is locked in a 'Nash equilibrium' of competition, not cooperation, and wants to change that.

The Midnight project, which is still in testnet with the mainnet launch expected later this year, aims to enable private smart contracts with cross-chain functionality support. But the economic model of the project - and how tokens are distributed - is what Hoskinson hopes will change industry standards.