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Namada Launches NAM Airdrop to Boost Privacy Solutions

Daniela Kirova
Daniela Kirova
Daniela Kirova
Author:
Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.
December 7th, 2023
  • Significant allocation to Zcash, Rust, ZKP, Privacy and Interchain tech ecosystems
  • Final list includes 7,094 researchers and developers, 191,715 on-chain accounts

Namada, a protocol offering asset-agnostic, multichain privacy solutions, has unveiled its Retroactive Public Goods Funding (RPGF) program with an allocation of 6.5% of the total supply (65M) of NAM, the staking, governance and transaction fee token of the Namada privacy network.

Significant allocation to privacy protocols

In recognition for the innumerable public and open-source contributions in the fields of privacy, zero knowledge technology and more, a significant portion of the NAM allocation is dedicated to public contributors to the Zcash, Rust, ZKP, Privacy and Interchain tech ecosystems.

Specifically, the RPGF round includes developers of key Zcash infrastructure including wallets, cryptographic libraries, ZIPs, as well as Rust dependencies that were crucial for Namada. Contributors to ZK protocols, proving systems and cryptography solutions, decentralized privacy protocols, as well as contributors to ZK learning resources and members of etheresear.ch in ZK-related topics are eligible for the RPGF distribution.

Eligibility criteria

To be considered a public contributor, researchers must have submitted at least two commits before 30 November to any of a large number of GitHub repositories in the categories specified, or posted the etheresear.ch forum in the sections mentioned previously. Depending on category, active contributors (with 10-20 commits) will be eligible for more NAM tokens.

Other allocations in the RPGF airdrop include Gitcoin contributors for ZK tech and crypto advocacy, as well as participants in the Namada Trusted Setup.

Distribution stats and vision

The final list includes 7,094 researchers and developers, ​​191,715 on-chain accounts and Bad Kids, and 2510 contributors in the Trusted Setup. Christopher Goes, co-founder of Namada, said:

If we want to live in a flourishing world of public goods, we must design and use economic systems which support them. Namada depends upon many public goods which have come before, and this RPGF drop is part of our attempt to give some ownership back to the creators and supporters of those goods and do our part in realizing such a world.

Contributors

Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.