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Namada Genesis Allocation Proposal: The total supply of NAM is proposed to be 1 billion tokens, with 32.0365% allocated to supporters of the Anoma Foundation.

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TechFlow
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Aug 1, 2024

TechFlow reports that the multi-chain privacy public blockchain Namada protocol has announced details of several innovative mechanisms, including Multi-Asset Privacy Pools (MASP), Cubic Proof of Stake (CPoS), Secret Sharing Rewards (SSR), and Public Goods Funding (PGF) on-chain.

The Anoma Foundation has released the mainnet candidate version of the Namada protocol and will propose a genesis block distribution scheme. Namada's native token NAM will be used for transaction fees, network security, secret sharing rewards, governance voting, and public goods funding. Discussions on protocol parameters are ongoing in the community forum, including key indicators such as inflation rate and staking target ratio.

The genesis distribution proposal shows that the total supply of NAM is 1 billion, with no lock-up period, involving multiple categories such as community, ecosystem construction, and core contributors, among which:

- Supporters of the Anoma Foundation receive the largest share, accounting for 32.0365%. This includes institutions and individual angel investors who participated in the financing rounds in 2020, 2021, and 2023.
- Early core contributors, including team members from Heliax, Knowable, Informal Systems, and Luminara, receive 18.5192% of the distribution.
- Protocol maintenance, R&D, ecosystem, and community development categories receive 17% of the distribution, jointly managed by the Anoma Foundation, Heliax, and Knowable.
- Completed public distribution projects (RPGF program) account for 16.1088%, including multiple sub-projects such as the RPGF Nomination Program, CB Builders Program, etc.
- Future RPGF program allocations account for 16.3355%, used for future retrospective funding projects, with Anoma Foundation and Heliax not participating in this part of the distribution.

The Namada community is currently discussing key issues such as the mainnet candidate version, genesis distribution scheme, parameter settings, and mainnet launch date, making final preparations for the possible mainnet launch.

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