Charles Hoskinson, the founder of ADA, is on a mission to put an end to the tribal warfare in the crypto world. He has announced a groundbreaking initiative to distribute tokens on 37 million wallets across eight different blockchains in a bid to foster peace and collaboration within the industry.
During his keynote speech at Consensus 2025 in Toronto, Hoskinson expressed his frustration with the constant competition and rivalry among different blockchain projects. He emphasized the need for a shift towards cooperation rather than cutthroat competition in the crypto space.
The upcoming airdrop, known as Glacier Drop, will be conducted on Midnight, Cardano’s privacy-focused sidechain that is currently in development. Hoskinson believes that this initiative will play a crucial role in promoting unity and harmony across the crypto ecosystem.
Midnight’s Glacier Drop was first teased in late 2024, and Hoskinson shared more details about the project during his recent appearance at Consensus 2025. One of the key highlights of the initiative is its multi-chain approach, which will see Midnight tokens distributed across eight major blockchains.
Unlike traditional token launches that often favor venture capitalists and early insiders, Midnight’s tokens will be distributed exclusively to retail users. Hoskinson made it clear that he has no interest in catering to VC interests and is committed to ensuring a fair and equitable distribution of tokens through the airdrop.
Recipients of Midnight tokens from the Glacier Drop will have full ownership of the tokens and can choose to keep, trade, or discard them as they see fit. This approach is a departure from the norm in the crypto world and reflects Hoskinson’s vision of empowering the community through cooperative economics.
Under Midnight’s new economic model, developers from different blockchain networks will be able to collaborate on building hybrid decentralized applications. Users will have the flexibility to pay fees in their native tokens, whether it’s Ethereum, Solana, or Bitcoin, creating a more inclusive and user-friendly ecosystem.
Midnight is currently in the testnet phase, with a mainnet launch expected later this year. Hoskinson sees the Glacier Drop and the concept of cooperative economics as instrumental in preparing for the influx of mainstream users that are anticipated to enter the crypto space as Big Tech companies embrace blockchain technology.
For Hoskinson, Midnight represents a project that embodies his vision of collaboration and inclusivity in the crypto world. He is excited about the possibilities that lie ahead and is committed to building bridges between different blockchain communities through this innovative initiative.