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- Namada is a privacy-focused blockchain in the Cosmos ecosystem.
- Testnet participants will be eligible for a share of the airdrop from a pool of 30 million NAM tokens.
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The Namada Layer-1 blockchain in the Cosmos ecosystem has announced the launch of a public testnet, whose participants will be eligible for a distribution of 30 million NAM tokens (3% of the total supply).
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Announcing the Namada Shielded Expedition –
a massively multiplayer role-playing incentivized testnet…and the final expedition for the community to battle-test the protocol before mainnet…
Registrations are open now!
More about the expedition: https://t.co/TwOKx7qZ6W pic.twitter.com/Bplv8Axzwf
— Namada (@namada) December 15, 2023
Namada Shielded Expedition is the final stage before the main protocol launch. As part of testing, users will get to play a role-playing blockchain game to test the resilience of the CometBFT consensus algorithm.
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Testers will compete in a ‘mining race on asteroids,’ where they must farm ROID coins. Based on the results, a leaderboard will be drawn up, and those at the top will earn the airdrop NAM tokens, equivalent to the earned tokens.
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The testnet will also add the NAAN token, needed to power the spacecraft.
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Developers distinguish two participant types: «pilots» (validators) and «crew members» (ordinary users). Registration will open on January 2, 2024 at 11:00 Kyiv time (12:00 MSK). The testnet launch is scheduled for January 15.
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Ahead of genesis, a list of ‘targeted asteroids’—tasks—and more detailed information about the ROID system will be published.
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In addition to the testnet airdrop, Namada allocated 65 million NAM (6.5% of the total token supply) to developers of decentralized applications and participants in the Cosmos Hub and Osmosis blockchains.
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What is Namada?
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Namada is an autonomous multi-chain network focused on privacy. The blockchain uses zero-knowledge proofs, which allow transferring cryptocurrency between the Cosmos and Ethereum ecosystems without revealing on-chain data.
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The protocol lets developers and users set their own privacy parameters for any compatible assets, decentralized applications, and entire blockchains without requiring changes to existing code.
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The network’s consensus mechanism is called Cubic Proof-of-Stake (CPoS) and entails a well-defined penalty regime for validators. Fees in the network may be charged in multiple tokens, the list of which will be determined by developers of future applications.
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The project was founded by the non-profit Anoma Foundation. It has secured funding worth $57.75 million from Polychain Capital, Electric Capital, Coinbase Ventures and other major players.
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“Ensuring practical privacy for everyone involved in crypto is no longer rocket science—it is a question of priorities,” said Ava Sun Yin, co-founder of the protocol.
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Namada is compatible with the Internet Blockchain Computer ecosystem and the Ethereum Virtual Machine thanks to a trustless bridge.
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In December, the developers of the Xion platform, which uses USDC as a payment method, launched a testnet with a focus on “generalized abstraction.”