What is Namada

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Overview

Namada is a PoS Layer 1 blockchain designed to prioritize privacy and data security. Developed by the Anoma Foundation, it utilizes zero-knowledge proof technology to protect multichain assets, supporting IBC and an Ethereum-native bridge.

The network enables users to shield any asset type, whether fungible or non-fungible, and promotes privacy by rewarding those who keep their assets shielded. Participants in the Multi-Asset Shielded Pool (MASP) earn NAM tokens as incentives for contributing to the shielded set.

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Namada Mainnet Phases

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Phase 1 - Block Party

Launches with genesis block activation, enabling NAM staking through validator delegation and governance participation.

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Phase 2 - Staking Party

Activates staking reward distribution and the Public Goods Funding (PGF) mechanism to foster ecosystem growth.

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Phase 3 - Shielding Party

Implements IBC functionality for asset transfers and privacy-preserving shielding features.

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Phase 4 - Shielding Rewards Party

Launches incentive structure for users who shield governance-approved assets.

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Phase 5 - NAM Party

Enables full NAM token transferability across the network.

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What is the $NAM Token?

The $NAM token is critical to the operation of Namada, and plays four key roles in the protocol:

• Staking: Secure the network and earn rewards
• Fee Payment: Transaction and service fees
• Governance: Participate in protocol decisions
• Public Goods Funding: Support ecosystem development

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Token Genesis Distribution

• Backers of the Anoma Foundation: ~32%
• Early Core Contributors: ~18.6%
• Protocol Maintenance, R&D, Ecosystem & Community Development: 17%
• Public Allocations (Completed RPGF Programs): ~16.1%
  • RPGF Nominations: ~5.1%
  • CB Builders Program: 1%
  • RPGF Drop: 6.5%
  • Shielded Expedition: 3.5%