2 New News from the Altcoin Project: Mainnet Transition Completed, Airdrop Distribution Started! - Coin Bulletin

Layer 1 (L1) blockchain project Namada officially initiated the mainnet transition and started the airdrop distribution.

Namada, a Layer 1 blockchain network that prioritizes privacy, has announced the official launch of its mainnet and the creation of the first "genesis blocks". This development marks the beginning of the decentralized mainnet of the network and includes staking and governance processes.

The Anoma Foundation, which developed the project, announced that it proposes the main network software and initial balance distributions. However, it was emphasized that the foundation does not operate validators, so the control of the network belongs entirely to the Namada community.

Special Transaction and Privacy-Focused Innovations

One of Namada's notable features is the 'multi-asset shielded pool' system, which allows users to conceal their assets in a decentralized exchange liquidity pool. With this feature, users can perform private transactions on different blockchain networks and disclose transaction information only to selected individuals.

Token Airdrop and Governance for the Community

It was stated that during the mainnet launch of Namada, NAM tokens were distributed to the community in suitable wallets. Users can immediately stake the tokens they receive and use them to participate in governance processes.

A total of 1 billion NAM tokens are in circulation, with the initial distribution designed to be shared among community members, early contributors, and future development projects. Anoma Foundation stated that there is no lockup period for these distributions.