PANews reported on December 3 that according to The Block, the Layer1 blockchain Namada, which focuses on privacy, has officially launched its mainnet and activated the genesis block of the network. This marks the first phase of its decentralized mainnet launch, involving staking and governance. The Anoma Foundation, the organization developing the project, has proposed the initial mainnet software and genesis balances. The foundation clarified that it does not operate validators, so the Namada community retains full control. This release includes an airdrop for users. Eligible wallets will receive NAM tokens today, which they can immediately use for staking and governance. Token transferability will be activated in the 5th phase, which is expected to be completed in a few months.
This issuance will be accompanied by the release of the native token, with a total supply of 1 billion NAM tokens. The Anoma Foundation has proposed an initial genesis distribution plan, with no lock-up period, to be allocated among community members, early contributors, and future development plans. The launch of the mainnet genesis will be divided into five phases, each of which will be driven by community decisions through on-chain governance.
