Cardano founder reveals details of the "Glacier Drop" Airdrop plan for the privacy sidechains Midnight.

2025-05-15 01:04:58

PANews, May 15 news, according to CoinDesk, Cardano founder Charles Hoskinson announced the details of the privacy sidechain Midnight’s “Glacier Drop” Airdrop plan at the Consensus 2025 conference. The plan will distribute governance token NIGHT and privacy token DUST to 37 million users across 8 mainstream public chains, explicitly excluding shares for venture capital firms, with all tokens directly targeting ordinary users. Hoskinson also proposed a “collaborative economics” model that allows developers to use native tokens such as ETH and SOL to pay for cross-chain application fees, with validators also able to earn income through cross-chain collaboration. The Midnight Testnet has been launched, and the Mainnet is expected to be launched by the end of 2025. This Airdrop is seen as a strategic initiative to alleviate industry fragmentation and respond to the entry of tech giants.

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