Namada’s Exciting Launch Of Incentivized Testnet: Grab Your Share Of 3% Token Supply!

Namada will launch a testnet and allocate 3% of its token supply as rewards to participants.

The layer-1 Blockchain Namada will set aside 3% of the total token supply for users participating in the testnet. This serves as a trial run for the platform ahead of its mainnet launch early next year.

Dubbed the ‘Namada Shielded Expedition,’ this testnet campaign spans 6 phases, offering users a platform experience through both validator and player roles. Participants will be ranked based on their accumulated ROID points. For more details, readers can refer here.

Subsequently, Namada will allocate 30 million NAM (3% of the total token supply) as an early user reward. The testnet will commence on January 15th and conclude by month-end.

Recent disclosures reveal Namada’s allocation of 65 million tokens (6.5% of the total supply) to researchers, developers, and stakers across Cosmos and Osmosis blockchains.

Namada is a Layer-1 blockchain developed by Anoma Foundation, scheduled to launch its mainnet in the first quarter of 2024. As part of the Cosmos ecosystem, this network aims to support flexible asset transfers across multiple chains without relying on any specific asset, while preserving privacy through zero-knowledge proofs. In May 2023, Anoma Foundation established a $25 million ecosystem development fund.

In addition to Namada, many other projects have also “hinted” at airdrops with the same point system in this month, including Rainbow Wallet, Blast, friend.tech, MarginFi, etc. Besides, it is worth mentioning the airdrops that have heated up the crypto market in the past two months, such as Pyth Network, Celestia, Jito Sol, Jupiter, etc.

* We hope this information will help you in your investment process, but this is not investment advice. Every investment carries risk, especially in this industry, so DYOR before making a decision.