PANews reported on May 15th that according to CoinDesk, Charles Hoskinson, the founder of Cardano, announced the details of the "Glacier Drop" airdrop plan for the privacy sidechain Midnight 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 venture capital institution shares, with all tokens directly targeting ordinary users. Hoskinson also proposed a "collaborative economics" model, allowing developers to pay cross-chain application fees using native tokens like ETH, SOL, and enabling validators to collaborate cross-chain for earnings. The Midnight testnet is already online, with the mainnet expected to launch by the end of 2025. This airdrop is seen as a strategic move to alleviate industry fragmentation and respond to tech giants' entry.
Cardano founder reveals details of privacy sidechain Midnight’s “Glacier Drop” airdrop plan
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