Hoskinson Defends Midnight Airdrop Against Manipulation Claims

• Charles Hoskinson denied claims that Midnight’s token airdrop favors insiders and shared data showing over 69,000 wallets claimed 1.3 billion NIGHT tokens.

• Midnight partnered with Fireblocks to provide secure token custody for institutions and distributed tokens across multiple blockchain communities, including Cardano and XRP holders.

• The 60-day claim period allows broader participation and may concentrate rewards among fewer users as the deadline approaches.

Charles Hoskinson has refuted allegations that the Midnight network’s token airdrop benefits insiders at the expense of regular participants. The Cardano founder’s response addressed social media speculation suggesting the distribution favored early adopters and project insiders.

Claims for NIGHT tokens have surpassed 1.3 billion since the Glacier Drop launched in early August. The numbers contradict viral memes suggesting poor participation rates and potential manipulation of the distribution process.

Strong Participation Numbers Challenge Critics

Data from the Glacier Drop snapshot reveals substantial community engagement. Over 69,000 wallets have successfully claimed tokens as of August 19. The claimed amount represents 5.5% of NIGHT’s total supply.

Hoskinson shared participation metrics to counter misinformation campaigns. “Why are you spreading misinformation?” he posted on X, accompanying his message with official airdrop statistics. The data showed steady growth in wallet connections and token claims since launch.

The project distributed 250 million NIGHT tokens within 24 hours of operation. This rapid uptake demonstrated immediate community interest despite skepticism from some market observers.

Industry analysts note that Cardano-based projects often face adoption challenges. The ecosystem has received less attention compared to other blockchain networks. However, the 60-day claim period allows for broader participation and prevents rushed decisions by potential claimants.

Strategic Partnerships Drive Institutional Adoption

Midnight has secured key partnerships to support its privacy-focused blockchain vision. The Midnight Foundation announced a collaboration with Fireblocks, a leading digital asset custody platform.

The partnership enables institutional clients to claim, store, and transact NIGHT tokens through secure infrastructure. Fireblocks expressed confidence in Midnight’s technology and long-term prospects for privacy-enhanced blockchain solutions.

NIGHT operates as a Cardano Native Asset, strengthening ties between the networks. This technical integration supports cross-chain functionality and expands utility for token holders.

The Glacier Drop allocates tokens across multiple blockchain communities. ADA holders receive 50% of the 24 billion total supply. XRP holders gain access to 5% of tokens, equivalent to 1.2 billion NIGHT. Bitcoin holders and users from other networks receive the remaining distribution.

Token distribution transparency has become central to community trust building. Hoskinson’s direct response to manipulation claims demonstrates a commitment to open communication with stakeholders.