Charles Hoskinson has unveiled plans for a token airdrop that aims to bridge fragmentation in the cryptocurrency ecosystem.
Cardano founder Charles Hoskinson has revealed plans for a token airdrop that aims to bridge fragmentation in the cryptocurrency ecosystem.
Speaking at Consensus 2025 in Toronto, Hoskinson detailed the upcoming Glacier Drop, an initiative designed to distribute tokens across eight blockchains to approximately 37 million wallets.
The project supports Cardano's strategy to grow Midnight, its privacy-first sidechain now in the testnet stage. The initiative will deliver NIGHT, a governance token, and DUST, used for private transactions, directly to eligible wallets without prerequisites or lock-up periods.
“We're going to take NIGHT and DUST and airdrop them into eight major blockchains, roughly 37 million wallets, in a snapshot that will occur around midnight on December 31, 2025. There's no opt-in, no preconditions, no lock-up periods—just a snapshot of the wallets that will receive the tokens.”
Midnight's design encourages developers to continue paying network fees in their native tokens—whether ETH, SOL, or BTC—while using its infrastructure. The project supports a multi-chain environment where validators from various blockchains can help secure the network and earn rewards.
"We're not trying to take over anything or create a chain-dominant theory. We're trying to create a cooperative economic model that benefits the broader crypto ecosystem."
The team expects to launch the Midnight mainnet by late 2025.
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