Cardano (Ada) founder Charles Hoskinson announced the launch of Cardano’s privacy-oriented Sidechain Midnight and new details about the upcoming AirDrop, Glacier Drop, on consensus 2025 in Toronto.
According to Coindesk, Hoskinson has announced that Night Governance tokens and Dust Privacy Transaction tokens are distributed among around 37 million users on 8 large block chains.
Cardano’s Privacy Sidechain Midnight Airdrop Night and Dust for 37 million portfolios over 8 block chains, including Bitcoin (BTC), Ethereum (ETH), ADA, XRP, Solana, BSC, Avax and Pol, excluding VCs.
In a remarkable movement, unlike most Airdrops, this time nothing will be given to venture capitalists (VCs).
Hoskinson made it clear that no risk capital companies will be involved in the AirDrop process. Instead, the entire AirDrop only goes to retail users, who are free to hold or trade the tokens.
This means that both night and dust tokens are only spent on retail users.
Midnight is currently on TestNet, with a Mainstet launch expected at the end of 2025.
How does midnight work?
Midnight is not just about privacy. It offers a new economic model with which developers from different blockchain ecosystems can safely communicate on the blockchain without the need for token conversion.
Developers can pay network costs in their native tokens, such as ETH, SOL or BTC, because this model is said to be designed to encourage cooperation between ecosystems instead of competition.
*This is not investment advice.