Cardano founder Charles Hoskinson is launching a VC-free token distribution across eight blockchains, including the XRP Ledger, with the aim of ending "crypto tribalism."
At Consensus 2025 in Toronto, Hoskinson announced the groundbreaking Glacier Drop airdrop as part of the rollout for Midnight, Cardano’s upcoming privacy-focused sidechain.
👉 Discover how Midnight’s airdrop bridges ecosystems
Key Features of the Glacier Drop
- 37 million addresses targeted across eight blockchains (XRP, Bitcoin, Cardano, etc.).
Two native tokens:
- NIGHT: Governance token.
- DUST: Used for private transactions.
- No venture capital or insider allocations—exclusively for retail users.
Ending Crypto Tribalism
Hoskinson emphasized cooperation over competition, citing divisive "tribalism" in crypto. The airdrop spans:
- Cardano
- Ethereum
- Solana
- Avalanche
- XRP Ledger
- Bitcoin
- BNB Chain
- BAT
"This is where I get to be friends with everybody," he remarked, aligning with calls for unity from leaders like Ripple CEO Brad Garlinghouse.
Midnight’s Innovative Economics
- Multichain fee system: Developers pay fees in their native token (e.g., ETH, SOL).
- Cross-chain validators: Earn rewards by securing Midnight’s network.
- Mainnet launch: Late 2025 (currently in testnet).
👉 Explore Midnight’s privacy-focused model
FAQs
Q: Who qualifies for the Glacier Drop?
A: Holders of tokens on the eight supported blockchains (e.g., XRP, ADA, BTC).
Q: How is this airdrop different?
A: Zero VC involvement—100% allocation to retail users.
Q: What’s Midnight’s long-term vision?
A: Fostering collaboration while enhancing privacy and multichain interoperability.
Disclosure: This content is informational only and not financial advice.
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