Charles Hoskinson of Ada wants the tribal crypto war to end, and it is ready to drop the tokens on 37 million wallets through eight different blockchains to make peace.
“Each consensus, there is a new token … which flows saying:” My thing is better than your thing “”, told Hoskinson on stage at the 2025 consensus in Toronto. “Nash balances are competitive, not cooperative.”
Using the next Midnight air table, called Drop glacier, for the Cardano privacy pass which is currently under construction, Hoskinson thinks that it can make its part to bring peace to the Crypto Galaxy.
Glacier Drop was teased for the first time at the end of 2024, Hoskinson revealed new key details during his speech to the 2025 consensus, including a large multi-chain approach from Midnight.
Hoskinson has confirmed that midnight token, the nocturnal governance token and the dust -focused transaction token will be distributed to around 37 million users in eight major blockchains.
Unlike typical token launches, Midnight’s tokens will be entirely distributed to the retail community without any allowance for venture capital or first initiates, Hoskinson said.
The founder of Cardano declared on stage that he had rejected the interest of venture capital during the launch of Token of Midnight, saying that he had “no time for your Ponzi” and told them to “take out hell”, opting rather to give the tokens in what he presented as principle, without VC Airdrop.
The recipients of the midnight token of the next drop of the glacier can keep them, exchange them or reject them freely, explained Hoskinson, a gap compared to the traditional crypto bywings which generally reward initiates or the first adopters exclusively.
“You already have it, congratulations,” said Hoskinson. “It’s up to you. It’s your property.”
Glacier Drop underlines the vision of Hoskinson of “Cooperative Economics”, another basic concept introduced during his speech.
Midnight’s new economic model will allow developers from different blockchain networks to transparently create hybrid decentralized applications, allowing users to pay fees in their native tokens.
Ethereum developers pay in ETH developers, Solana in Sol and Bitcoin developers in BTC, said Hoskinson.
Validators of different channels can maintain the network in collaboration, earning rewards regardless of their blockchain affiliation.
Midnight is currently in Testnet, with a main launch scheduled for the end of 2025.
Hoskinson sees the fall of glaciers, the cooperative economy and rational confidentiality as essential ingredients for the welcome of the billions of consumer users, while large technological companies finally enter Crypto.
“This is the project with which I am having the most right now,” said Hoskinson, “because this is the project where I can be friends with everyone.”
