Recent speculations that Cardano native token holders are not eligible for the Midnight drop have drawn a reaction from Charles Hoskinson.
The Cardano founder responded to a tweet suggesting that holders of tokens native to the Cardano ecosystem would not receive the highly anticipated drop. He quoted the tweet and responded with a video of himself sighing at the rumors.
Midnight Airdrop for All
While he did not explicitly debunk the speculations, his response in the video clearly shows his frustrations. Notably, the Midnight airdrop aims to reward legitimate contributions to the Cardano ecosystem.
Meanwhile, Rami, a core contributor to the SNEK meme coin project and a prominent figure in the Cardano system, reacted to Hoskinson’s tweet. He suggested that holders of other Cardano-native tokens qualify as much as ADA holders for the Midnight drop, which aims to reward participation in the ecosystem’s well-being.
Nonetheless, Hoskinson had earlier disclosed that holders of tokens in other major chains would also participate. Bitcoin, Ethereum, XRP, Solana, and BNB holders, among others, would receive the airdrop.
Further Midnight Airdrop Details
The upcoming airdrop would see the Cardano ecosystem distribute two tokens to holders. Eligible participants will receive NIGHT, the governance token of the Midnight protocol, and DUST, a non-transferable token used for privacy transactions.
Further, over 37 million wallets will participate in the airdrop, also known as the “Glacier Drop.” The team’s choice of a multi-chain airdrop aims to drive a broader spectrum of adoption and cross-chain engagement.
Meanwhile, the exact date for the drop remains unconfirmed. The Cardano Midnight team stated that the airdrop will happen in 2025 but has not confirmed exactly when.
Midnight is a data protection and privacy protocol built as a sidechain on Cardano. Hoskinson has teased that the technology will make Cardano a multichain network, allowing interoperability with other chains.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
