News
  • Nidhi Kolhapur
    author-profile
    Nidhi Kolhapur right arrow
    Author

    Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

    • author facebook
    • author twitter
    • linkedin
  • 2 minutes read

Cardano Attracts New Users After Glacier Drop Airdrop: Charles Hoskinson

Story Highlights
  • Midnightโ€™s Glacier Drop attracts over 35,600 participants, with Cardano claiming the largest share of NIGHT tokens

  • Cardano founder hails the rollout as the most complex crypto distribution ever

  • Cardanoโ€™s market momentum growsย 

The Midnight Network has launched its highly anticipated Glacier Drop airdrop, and it is making waves across the blockchain space. 

With a multi-chain approach and a strong focus on rewarding Cardano supporters, the event is pulling thousands of new users into the Cardano ecosystem.

Read on to know how! 

Cardano Takes the Lionโ€™s Share

The airdrop went live on Wednesday and targets users from eight major blockchains to reshape how value flows across networks. Cardano holders secured the biggest share, receiving 50% of all NIGHT tokens. Bitcoin holders followed with 20%, while the remaining 30% was split between Ethereum, XRP, Solana, BNB, Avalanche, and Brave token holders.

So far, more than 35,600 users have claimed 739.5 million NIGHT tokens, which represents 3.08% of the total supply. Cardano has taken a commanding lead with 63% of the total share, far ahead of the other chains.

Hoskinson Hails Breakthrough for Cardano

Cardano founder Charles Hoskinson praised the Glacier drop on X, calling it the most complex crypto distribution ever built. The operation spans 8 ecosystems, 7 blockchains with different addresses and cryptocurrencies, and regulatory compliance, all running 24/7 without data loss. 

Millions of claims are being processed through Cardanoโ€™s Hydra scaling solution, which Hoskinson described as  โ€œnovel, special, and completely originalโ€. He acknowledged that there may be bugs and some users might experience delays, but emphasized that the project pushes the limits of Cardanoโ€™s tech and global reputation.

NIGHT Token Set for Top Spot 

Hoskinson believes Midnight will be a breakthrough for Cardano, expecting its token, NIGHT, to become the largest and most traded native token once the project is fully integrated. 

The Midnight teamโ€™s excitement grows as they see the project not only expanding Cardanoโ€™s reach but also thriving directly on its platform, attracting users and developers. Since launching in late 2022, Midnight has gained strong support from over 100 partners. However, the mainnet launch date is yet to be announced.

โ€œCardano Treasury Company Inevitable,โ€ Says Hoskinson

In a recent Fireside chat with Altcoin Daily, Hoskinson used conviction to say that a Cardano Treasury Company is โ€œinevitable.โ€ He went on to suggest, light-heartedly, that Cardano could one day overtake Ethereum and that Vitalik Buterin might even step down by 2026. 

Cardanoโ€™s Market Momentum 

Cardano (ADA) is currently trading at $0.811, up 1.3% in the last 24 hours. It has gained over 13% in the past week. Market data points to strong investor interest:

  • Cardanoโ€™s open interest has surged 199%
  • ADAโ€™s price has risen 143% over the past year
  • Open Interest is up 2% in the last 24 hours, climbing to $1.48 billion. 

Immense demand, surging engagement, and the Glacier drop rollout – Itโ€™s looking great for Cardano! 

Show More

Related Articles

Back to top button