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Namada is an asset-agnostic multi-chain privacy blockchain that is preparing for its mainnet launch by distributing $65 million NAM tokens to thousands of its community members who have contributed to the development and improvement of the platform. The airdrop is called Retro Public Goods Funding or in short, RPGF. It aims to recognize the good deeds of builders, developers, researchers and supporters of public goods on Namada.
Namada is a blockchain platform that allows users to transact any digital asset across multiple chains with complete privacy and security. It leverages zero-knowledge proofs, a cryptographic technique that allows users to prove something without revealing any sensitive information, to protect the identities and balances of transacting parties. Namada also supports interoperability with other blockchains, such as Cosmos, Ethereum and Polkadot, via the Inter-Blockchain Communication (IBC) protocol. It is governed by the Anoma Foundation, a non-profit organization that oversees the development and innovation of the platform.
How to Claim the RPGF Airdrop
The RPGF airdrop will reward various segments of the Namada community, including core developers of Zcash infrastructure, contributors to zero-knowledge cryptography protocols and solutions, decentralized privacy protocols, and zero-knowledge learning resources. In addition to this, $ATOM and $OSMO token participants, voters and donors of zero-knowledge and crypto advocacy projects on Gitcoin, as well as participants of the Namada Trusted setup ceremony held last year will receive also a share of $NAM tokens. The total number of eligible token recipients exceeds 200,000.
Christopher Goes, co-founder of Namada, explains the logic behind the RPGF airdrop:
“If we want to live in a world thriving with public goods, we must design and use economic systems that support them not only in rhetoric but also in material compensation. Namada depends on many public goods that preceded it, and this decline in RPGF is part of our attempt to return some ownership to the creators and supporters of these goods and do our part in achieving such a world.
The airdrop will run from December 6, 2023 to December 28, 2024. Eligible participants can submit their Namada Genesis accounts via rpgfdrop.namada.net. Submitted accounts will be included in the Namada Genesis block proposal with the corresponding number of $NAM tokens assigned to them.
What is Namada?
The $NAM token is the native currency of Namada, which can be used for various purposes, such as staking, governance, and paying transaction fees. Users can stake $NAM tokens to secure the Namada network, either by running their own validators or by delegating their participation to other validators. Users can also vote for Public Goods Financing (PGF) Trustees, who control the PGF’s treasury to finance public goods. In addition to this, users can pay for any transaction involving any asset on Namada with $NAM tokens, including transactions from transparent accounts to shielded accounts, shielded accounts to shielded accounts, and shielded accounts to transparent accounts.
Conclusion
Namada is a promising platform that aims to bring privacy and interoperability to the blockchain space. By rewarding its community with the RPGF airdrop, Namada shows its appreciation and gratitude for the public goods that have enabled its innovation and development.
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