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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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Cardano (ADA) Founder Reveals Long-Awaited Airdrop Details! To Be Distributed to 37 Million Wallets! - Some Users Will Not Receive Airdrop!
Cardano (ADA) founder Charles Hoskinson, at the Consensus 2025 held in Toronto, revealed new details about the launch of Cardano's privacy-focused sidechain Midnight and the upcoming airdrop Glacier Drop.
According to a report by Coindesk, Hoskinson announced that governance tokens NIGHT and privacy transaction tokens DUST will be distributed to approximately 37 million users across 8 major blockchains.
Cardano's privacy sidechain Midnight, NIGHT and DUST excluding VCs
Bitcoin (BTC), Ethereum (ETH), ADA, XRP, Solana (SOL), BSC, AVAX and POL included, will be sent as an airdrop to 37 million wallets across 8 blockchains.
In a striking move, unlike most airdrops, this time no (VCs) will be given anything to venture capitalists.
Hoskinson clearly stated that no venture capital firm will be involved in the airdrop process. Instead, all airdrops will go only to retail users, and these users will be free to hold or trade the tokens.
That means both NIGHT and DUST tokens will be given only to retail users.
Midnight is currently on the testnet and the mainnet launch is expected to take place in late 2025.
How Does Midnight Work?
Midnight is not just about privacy. It offers a new economic model that allows developers from different blockchain ecosystems to interact securely on the blockchain without the need to convert tokens.
Developers can pay network fees in their native tokens such as ETH, SOL, or BTC. It is stated that this model is designed to promote collaboration between ecosystems rather than competition.