{"id":19159,"date":"2024-12-03T19:53:40","date_gmt":"2024-12-03T17:53:40","guid":{"rendered":"https:\/\/forklog.com\/en\/namada-launches-mainnet-and-announces-token-airdrop\/"},"modified":"2024-12-03T19:53:40","modified_gmt":"2024-12-03T17:53:40","slug":"namada-launches-mainnet-and-announces-token-airdrop","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/namada-launches-mainnet-and-announces-token-airdrop\/","title":{"rendered":"Namada Launches Mainnet and Announces Token Airdrop"},"content":{"rendered":"<p>The privacy-focused layer-one blockchain project Namada has launched its mainnet and announced a distribution of native tokens among active community participants.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">One shield to protect them all. One shield to guard the multichain.<\/p>\n<p>NAMADA IS LIVE. SHIELDS UP! <a href=\"https:\/\/t.co\/uu22jk9vb3\">pic.twitter.com\/uu22jk9vb3<\/a><\/p>\n<p>\u2014 Namada (@namada) <a href=\"https:\/\/twitter.com\/namada\/status\/1863966181289574508?ref_src=twsrc%5Etfw\">December 3, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The first phase of the process includes the launch of staking and on-chain governance capabilities.<\/p>\n<p>Namada is an autonomous multichain network focused on privacy. The blockchain employs zero-knowledge proof technology, enabling cryptocurrency transfers between the Cosmos and Ethereum ecosystems without revealing on-chain data.<\/p>\n<p>The protocol allows developers and users to set their own privacy parameters for any compatible assets, decentralized applications, and entire blockchains without requiring changes to existing code.<\/p>\n<p>The blockchain&#8217;s consensus mechanism, known as Cubic Proof-of-Stake (CPoS), involves a detailed penalty system for validators. Network fees can be charged in multiple tokens, the list of which will be determined by developers of future applications.<\/p>\n<p>The project was founded by the non-profit Anoma Foundation, which secured <a href=\"https:\/\/cryptorank.io\/ico\/anoma#funding-rounds\">$57.75 million<\/a> in funding from Polychain Capital, Electric Capital, Coinbase Ventures, and other major players.<\/p>\n<p>Namada is compatible with the IBC (Inter-Blockchain Communication) protocol and the Ethereum Virtual Machine through a &#8220;trustless&#8221; bridge.<\/p>\n<p>The mainnet launch also includes an airdrop of NAM tokens to active community participants. The ability to transfer coins will be unlocked in the fifth phase of the project&#8217;s development, expected in a few months.<\/p>\n<p>The total supply amounts to 1 billion NAM.<\/p>\n<p>Back in December 2023, Namada launched its public testnet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The privacy-focused layer-one blockchain project Namada has launched its mainnet and announced a distribution of native tokens among active community participants.<\/p>\n","protected":false},"author":1,"featured_media":19158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1158,1173],"class_list":["post-19159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-airdrops","tag-cosmos-atom"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19159"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19158"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}