Hoskinson Unveils Glacier Drop Airdrop for 37 Million Wallets across Eight Blockchains
Charles Hoskinson, founder of Cardano, announced plans to foster unity in the crypto space by distributing tokens to 37 million wallets across eight blockchains through an airdrop called Glacier Drop.
- Hoskinson criticized competition among cryptocurrencies during his speech at Consensus 2025 in Toronto.
- Glacier Drop will distribute Midnight tokens, including NIGHT and DUST, exclusively to retail users, with no allocations for venture capitalists or insiders.
- He rejected venture capital interest, promoting a VC-free distribution model.
- Recipients can keep, trade, or discard their tokens, emphasizing ownership.
- The initiative reflects Hoskinson’s vision of "cooperative economics," allowing developers from various networks to build decentralized applications using native tokens for fees.
- Midnight is currently in testnet, with a mainnet launch expected by late 2025.
Hoskinson aims to attract mainstream users as Big Tech enters the crypto market.