- Airdrop involves eight blockchains, including Bitcoin and Ethereum.
- 24 billion tokens distributed, half to Cardano holders.
- Enhanced compliance measures ensure orderly distribution.
Cardano’s Midnight Network has launched the Glacier Drop airdrop, distributing 24 billion tokens across eight major blockchains, generating significant excitement within the cryptocurrency community.
The Glacier Drop airdrop emphasizes Cardano’s intent to enhance blockchain interoperability and strengthen its network’s engagement, marked by extensive compliance efforts and phased allocation strategies.
The airdrop, organized by Cardano’s Midnight Network, allocates 24 billion NIGHT tokens across multiple blockchains, focusing on transparency and compliance. Cardano founder Charles Hoskinson continues to influence the strategic direction. Bitcoin, Ethereum, Solana, and others are major participants, with ADA holders receiving substantial allocations. Allocation proportions reflect token holdings on a past date.
Immediate market reactions demonstrate high interest, with over 670,000 mentions of NIGHT tokens in a week, indicating retail and institutional attention. The airdrop aims to encourage long-term engagement by locking tokens for phased release. The event underscores Cardano’s focus on maintaining regulatory compliance, excluding sanctioned entities, directing the airdrop’s phased execution.
“The Glacier Drop [is] ‘phase one of a three-step claim journey’… Entire 24 billion supply [allocated] to this opening phase to 8 chains…” – Charles Hoskinson, CoinDesk
Potential outcomes from this event include increased long-term liquidity and security for the involved blockchains, driven by regulatory-aligned design and community involvement.
| Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |
