1 month ago
ADA's Charles Hoskinson wants crypto’s tribal warfare to end, and he’s prepared to driblet tokens connected 37 cardinal wallets crossed 8 antithetic blockchains to marque peace.
"Every Consensus, there's a caller token... moving astir saying, 'my happening is amended than your thing,'" Hoskinson said connected signifier astatine Consensus 2025 successful Toronto. "The Nash equilibria is competitive, not cooperative."
Using Midnight's upcoming airdrop, called Glacier Drop, for Cardano’s privacy-focused sidechain that's presently nether construction, Hoskinson thinks helium tin bash his portion to bring bid to the crypto galaxy.
Glacier Drop was archetypal teased successful precocious 2024, Hoskinson revealed cardinal caller details during his code astatine Consensus 2025, including Midnight’s expansive multi-chain approach.
Hoskinson confirmed that Midnight tokens, some the NIGHT governance token and the DUST privacy-focused transaction token, volition beryllium distributed to astir 37 cardinal users crossed 8 large blockchains.
Unlike emblematic token launches, Midnight's tokens volition beryllium distributed wholly to the retail assemblage with zero allocation to task capitalists oregon aboriginal insiders, Hoskinson said.
The Cardano laminitis said connected signifier that helium dismissed task superior involvement successful Midnight’s token launch, saying helium had “no f-ing clip for your ponzi” and told them to “get the hellhole out,” opting alternatively to springiness the tokens distant successful what helium pitched arsenic a principled, VC-free airdrop.
Recipients of Midnight tokens from the upcoming Glacier Drop tin freely keep, trade, oregon discard them, Hoskinson explained, a departure from accepted crypto airdrops that typically reward insiders oregon aboriginal adopters exclusively.
"You already person it, congratulations," Hoskinson said. "It's yours. It's your property."
Glacier Drop underscores Hoskinson’s imaginativeness of "cooperative economics," different halfway conception introduced during his speech.
Midnight’s caller economical exemplary volition alteration developers from antithetic blockchain networks to seamlessly physique hybrid decentralized applications, allowing users to wage fees successful their autochthonal tokens.
Ethereum developers wage successful ETH, Solana developers successful SOL, and Bitcoin developers successful BTC, Hoskinson explained.
Validators crossed antithetic chains tin collaboratively support the network, earning rewards careless of their blockchain affiliation.
Midnight is presently successful testnet, with a mainnet motorboat expected by precocious 2025.
Hoskinson sees the Glacier Drop, cooperative economics, and rational privateness arsenic indispensable ingredients for welcoming billions of mainstream users expected arsenic Big Tech companies yet participate crypto.
"This is the task that I'm having the astir amusive with close now," Hoskinson said, "because it's the task wherever I get to beryllium friends with everybody."
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