Cardano Founder Charles Hoskinson Announces ‘Glacier Drop’ Airdrop for Midnight Sidechain

Cardano founder Charles Hoskinson reveals ‘Glacier Drop’ airdrop for Midnight sidechain.

Both NIGHT and DUST will be dropped onto 37 million wallets across 8 blockchains.

This airdrop excludes VCs and aims at fostering cross-chain collaboration

The highly respected and reputed Cardano Founder Charles Hoskinson makes an exciting announcement, drawing the attention of the crypto community to the Midnight privacy sidechain. Hoskinson reveals a few more details about the NIGHT and DUST token airdrop to 37 million users across eight major blockchains, excluding VCs. He calls this drop the ‘Glacier Drop’ and introduces a ‘collaborative economics’ model, keeping in line with his true decentralization-centric nature for blockchains.

Cardano Founder Charles Hoskinson Reveals ‘Glacier Drop’ Details

All eyes are on Cardano Founder Charles Hoskinson as the man of the hour reveals new details about the highly anticipated Midnight token airdrops, and his intention to distribute Midnight tokens across 8 popular blockchain ecosystems. Hoskinson reveals the name of this airdrop, ‘Glacier Drop’, a special crypto airdrop that aims to foster timeless cooperation in the crypto community.

Hoskinson has always been the most loyal developer to the decentralization element of the blockchain ecosystem. His principle to keep Cardano a community-centric and community-run ecosystem has now resulted in Cardano being one of the greatest blockchains in the space whilst keeping true to its decentralized nature. This trust has brought the Cardano community closer, and Hoskinson now hopes to extend this community feeling towards other blockchains as well

To keep true to the decentralized nature, Hoskinson is excluding venture capitalists (VCs) from this ‘Glacier Drop’ airdrop and is focusing entirely on retail users. Hoskinson says that he is reaping the benefits of being rich, which lets him ignore VCs and do things based on principles. Thus, he chooses to give away Midnight tokens to retail users alone. Moves like this are what make Hoskinson a respected leader in the web3 space

Midnight’s Collaborative Economics Model

Hoskinson wants to end the petty warfare between blockchains. He believes that when blockchains are not collaborating to improve the quality of the world, then they are being counter-productive and working against blockchain philosophy, which is to improve lives and innovate for the better. This is why the ‘Glacier Drop’ airdrop is including retail across 8 of the most popular blockchain networks

Midnight’s economic model is built to enable cross-chain collaboration and allows developers to pay fees in Midnight’s native token while validators earn rewards across different networks. The airdrop will distribute both NIGHT governance tokens as well as DUST, a privacy-focused transaction token, giving holders strong encouragement to collaborate on the Midnight privacy blockchain