Cardano founder Charles Hoskinson has refuted allegations of hoarding Midnight tokens during the project’s recent airdrop initiative known as Glacier. The token airdrop, launched at Consensus 2025 and Paris Blockchain Week 2025, has drawn widespread participation, with over 1.3 billion tokens claimed by investors [1]. The distribution strategy explicitly excludes institutional and insider allocations, focusing instead on retail investors across multiple blockchain networks such as Ethereum (ETH) and Bitcoin (BTC) [1]. This approach reinforces Cardano’s emphasis on decentralization and direct community engagement.
Hoskinson is personally funding the project rather than pursuing venture capital or initial coin offering (ICO) strategies. “Instead of doing an ICO or seeking venture funding, I will use my own personal funds to build, release, complete this project, and airdrop to those eight blockchains,” he stated [1]. This move…
