Cardano's Charles Hoskinson Unveils 'Glacier Drop' Aimed at Ending Crypto's Tribal Warfare

At Consensus 2025 in Toronto, Hoskinson unveiled a bold initiative to end crypto's “tribal warfare” by distributing Midnight tokens

At Consensus 2025 in Toronto, Cardano's Charles Hoskinson announced a unique initiative to distribute Midnight tokens to an estimated 37 million wallets across eight major blockchains, aiming to quell crypto's "tribal warfare."

Known as the "Glacier Drop," this move could have significant implications for ADA, potentially setting the stage for a new all-time high by the end of the current bull cycle.

Midnight, Cardano's privacy-focused sidechain currently in testnet, is taking a radically inclusive approach with its governance (NIGHT) and transaction (DUST) tokens. The initiative will distribute both types of tokens to users across leading networks like Ethereum (CRYPTO:ETH), Solana (CRYPTO:SOL), and Bitcoin (CRYPTO:BTC).

This sets it apart from most launches, which typically focus on rewarding insiders, early investors, and VC funds. Instead, Midnight's initiative is entirely retail-focused, with VCs being told to "get the hell out" and their involvement being described as "a Ponzi."

Midnight's cooperative economic model allows developers to build decentralized apps that accept fees in their chain's native currency—ETH, SOL, BTC, etc.—while validators across ecosystems can earn rewards, regardless of chain loyalty.

This contrasts with the competitive dynamic that usually plays out, where chains try to poach users and developers with higher APRs and lower transaction fees.

The initiative is being undertaken with the aim of fostering cooperation and unity in the blockchain industry.

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While the Glacier Drop is a significant component of the initiative, it's not the sole focus. The broader goal is to create a more harmonious and interconnected ecosystem where innovation can flourish without the constraints of tribalism and economic exclusivity.

The initiative aligns with Cardano's core values of decentralization, sustainability, and inclusivity. It also reflects Hoskinson's personal vision for a better and more equitable future in the cryptocurrency domain.

The initiative is expected to be launched in the third quarter of 2025.