Charles Hoskinson Unveils Glacier Drop: Midnight Airdrop Targets 37M Wallets

Charles Hoskinson’s Big Reveal at Consensus 2025

Charles Hoskinson has shared a big update about the Midnight project. He spoke at Consensus 2025 in Toronto, revealing new details about the Glacier Drop. This is a large-scale airdrop connected to Midnight, Cardano’s privacy-focused sidechain. It targets 37 million wallets across eight major blockchains: Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Ripple (XRP), Solana (SOL), Binance Smart Chain (BSC), Avalanche (AVAX), and Polygon (POL). The airdrop will distribute Midnight’s tokens, either NIGHT or DUST. Midnight’s mainnet is set to launch by the end of 2025.

This airdrop has one clear rule. No venture capitalists are allowed. Hoskinson said Midnight won’t send tokens to VC firms. Only regular users will receive them. This includes both NIGHT, used for governance, and DUST, used for privacy functions. Hoskinson said this is a choice based on principle. He wants to give back to the crypto community, not big investors. It’s a move that breaks from the usual model, where VCs often get early access to tokens. Midnight is taking a different path.

Source: X

Built for the People, Not for Profit

Hoskinson pointed out that the crypto space often gets pulled into hype and tribalism. Midnight is meant to be something else. He said this project is personal. It’s something he’s truly enjoying. He’s stepping away from rivalries and focusing on building tools that serve people. The airdrop reflects that. It’s meant for users across different chains, not insiders. Anyone holding tokens on supported chains can be part of it.

Midnight’s design allows developers from other blockchains to interact without friction. They don’t need to convert tokens or jump through hoops. Developers can pay fees using native tokens like ETH or BTC. Validators from different chains can also support the network and earn rewards. This makes Midnight more open and flexible. It’s not locked into a single ecosystem. The goal is to bring people together, not compete.

Source: X

This isn’t just about handing out free tokens. Hoskinson said the Glacier Drop is also sending a message. It says no to quick profits and yes to long-term building. Midnight wants to welcome developers, users, and communities from all corners of the crypto world. The project is still in its testnet phase, but its values are already clear. The focus is on privacy, openness, and working together.

Midnight’s mainnet is expected by the end of 2025. Until then, the team is working on testing and refining the system. Hoskinson said this is the project he’s most excited about right now. It gives him a chance to connect with many people across the space. He’s looking forward to seeing what the community will build on top of it. With no VC influence, a cross-chain model, and a focus on user privacy, Midnight is taking a bold new direction.

Final Thoughts

The Glacier Drop could be one of the largest and most inclusive airdrops the crypto world has seen. With 37 million wallets included and no handouts to big investors, it sets a different tone. Hoskinson is betting on the people, not the hype. Midnight might still be in its early days, but its foundation is clear. It’s about fairness, cooperation, and moving forward together.