Charles Hoskinson to Distribute 'Midnight' Tokens to 37 Million Wallets on 8 Blockchains

# Cardano Founder to Distribute 37 Million Midnight Tokens to Enhance Blockchain Collaboration Charles Hoskinson, the founder of [Cardano (ADA)](https://api.blockmedia.co.kr/binance/outlink/?path=cardano), has announced plans to distribute 37 million Midnight tokens aimed at fostering collaboration within the cryptocurrency sector. According to a report by CoinDesk on the 14th (local time), this airdrop will involve eight major blockchains. During the 2025 Consensus conference in Toronto, Hoskinson stated, "At every Consensus event, there's always a new token launched, claiming superiority, which leads to competition." He emphasized, "We are at a stage where cooperation is more critical than competition." Through this airdrop, Hoskinson intends to put an end to the "tribal wars" among cryptocurrencies. The airdrop, named 'Glacier Drop,' is part of Cardano’s Midnight project, a sidechain initiative focusing on privacy. Hoskinson revealed key aspects of Midnight’s multi-chain strategy during the event. The project will distribute two primary tokens: NIGHT, a governance token, and DUST, a privacy-centric transaction token. These tokens will reach approximately 37 million users. # Targeting Retail Users with a ‘VC-Free Airdrop’ Hoskinson made it clear that venture capitalists (VCs) and early-stage investors will be excluded from the Midnight token distribution. "We will not rely on VC funding," Hoskinson affirmed, adding, "We don’t have time to waste on their Ponzi schemes." Glacier Drop will solely focus on retail users. Recipients will have the freedom to hold, trade, or discard the tokens, differentiating this approach from traditional cryptocurrency airdrops, which often prioritize early adopters or insiders. “The tokens you receive are already yours—they are your property,” Hoskinson stated. The airdrop aligns with the vision of Midnight, which centers on "collaborative economics." # Building a Collaborative Economy Across Blockchains Midnight aims to establish an ecosystem where developers from various blockchains collaborate to build applications. Users will be able to pay transaction fees using their native tokens. For example, Ethereum developers can use ETH, Solana developers can use SOL, and Bitcoin developers can use BTC. Validators, irrespective of their chain affiliation, will maintain the network and receive rewards. Midnight is currently in its testnet phase, with plans to launch the mainnet by late 2025. Alongside Glacier Drop, Hoskinson envisions an environment where mainstream users can seamlessly enter the cryptocurrency world via collaborative economic models and enhanced privacy features. “This project is the most exciting thing I’m currently working on,” Hoskinson said, adding, “Through this project, we can be friends with everyone.”