Cardano (ADA) founder Charles Hoskinson outlines a new phase for the blockchain network. In recent statements he emphasizes that a recent airdrop, which initially started as an experiment, is more than a one-off action and may have a structural role within the ecosystem. As a result, users can expect to receive free tokens more often in the future.

Glacier Drop will become a core part of Cardano

Earlier this month, the Midnight (NIGHT) token went live on the Cardano blockchain. Users who registered for the Glacier Drop received their tokens automatically.

According to Hoskinson, the Glacier Drop is not a temporary airdrop, but a permanent mechanism that should serve as a gateway to new networks within the Cardano ecosystem. The distribution method will become a permanent part of future launches and is aimed at fair distribution among ADA holders.

Midnight is a privacy-focused sidechain of the Cardano network. This means that it is a separate blockchain that is connected to the main network, and can therefore add new functions without modifying the main network itself.

In the case of Midnight, the focus is on data protection. It allows developers to build applications with sensitive information. Consider storing medical records on the blockchain, without revealing personal data.

Those who participated in the Glacier Drop, which ran from August to October, will now have one year to claim their allocated tokens through the official claims portal.

Hoskinson said that this airdrop will be thoroughly improved over the next six months. “We want to make it easier to use and make Glacier Drop a strong and user-friendly system,” says the Cardano founder.

Midnight as a blueprint for $10 billion sidechains

Midnight plays a key role in Cardano’s new strategy. The sidechain must demonstrate that Cardano is capable of functioning as a base layer for a network of scalable, specialized blockchains.

Hoskinson sees Midnight as a first test: if the network manages to reach a market value of $10 billion, it will open the door for several similar sidechains.

This vision creates an ecosystem in which Cardano functions as a mother chain. Infrastructure and security are central to ADA, while new projects can expand with their own tokens.

Crucially, ADA holders can obtain up to 50 percent of the token supply of these new networks through Glacier Drop.

In the meantime, Midnight has had a very strong launch. At the time of writing, the share price is $0.097 and the market capitalization is $1.6 billion. This makes the project currently number 64 based on market capitalization. A great start, but still far from the targeted $10 billion.

There is also more planned. Midnight is fully committed to further centralized finance (DeFi) growth towards 2026. The mainnet launch is planned for the first quarter of that year. The team is also working on its own privacy stablecoin that will run on Midnight.

Source: https://newsbit.nl/hoskinson-onthult-plan-cardano-investeerders-kunnen-meer-gratis-crypto-verwachten/



Leave a Reply