37M Wallet Airdrop, No VCs Allowed

Finance

37M Wallet Airdrop, No VCs Allowed

Cardanos Midnight sidechain will reward users across eight major blockchains—excluding venture capitalists entirely.

At Consensus 2025, Cardano founder Charles Hoskinson announced an ambitious new initiative: the Glacier Drop, a massive airdrop tied to the upcoming launch of Midnight, Cardanos privacy-focused sidechain.

The Glacier Drop will distribute Midnights tokens—NIGHT and DUST—to 37 million wallets across eight major blockchain ecosystems: Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), XRP, Solana (SOL), Binance Smart Chain (BSC), Avalanche (AVAX), and Polygon (POL).

Airdrop for the People, Not the Powerful

Hoskinson emphasized that the airdrop will not include any allocations for venture capitalists. “No VCs, just the people,” he declared during his speech, marking a departure from the common industry practice of rewarding insiders and institutional investors.

All tokens—NIGHT for governance and DUST for privacy-focused applications—will go directly to retail users. Participants will be free to hold, trade, or ignore the tokens as they see fit.

Midnight Mainnet Launch by Year-End

The Midnight mainnet is set to launch before the end of 2025, with the airdrop planned as a major onboarding event. The move is part of Hoskinsons broader mission to decentralize control and restore crypto to its community-driven roots.

As Hoskinson put it, the airdrop is “a principled approach” to building adoption, emphasizing privacy, decentralization, and user empowerment over corporate influence.