Namada Proposes Airdrop to Reward Coin Center Donors with Native Token NAM

Namada, a layer-1 blockchain platform and shielded asset hub, has announced a proposal to reward Coin Center donors with the native token NAM. The proposal, outlined by community member Ether Gavin, aims to initiate a public goods funding campaign, which would airdrop NAM tokens to donors of the blockchain advocacy group Coin Center.

The initiative is set to coincide with the holiday season, and if supported by the Namada community, the L1 blockchain will airdrop between 1 and 2 million NAM tokens to Coin Center. This allocation would represent approximately 2% to 4% of the PGF’s yearly budget. The team envisions a three-week campaign for the initiative.

Community Feedback and Proposal Details

Community feedback has been largely positive, with many supporting funding for the U.S.-based Coin Center team.

“So far our community likes this idea,” Gavin wrote. “Stakers, this is a signalling proposal to gauge your interest. We want Namada to use PGF to broaden the distribution of NAM, while driving donations to Coin Center’s Ethereum address,”

Coin Center’s Advocacy Work and Recent Achievements

Coin Center’s advocacy work plays a significant role in addressing legal and regulatory issues impacting the crypto space in the United States. A recent ruling by the Fifth Circuit Court of Appeals validated Coin Center’s argument that decentralized protocols and immutable smart contracts are not property and, therefore, cannot be sanctioned.

Coin Center has also shared its top policy priorities for the coming year, which include:

  • Fighting against the unfair prosecution of developers of non-custodial software
  • Protecting American crypto owners
  • Pushing for sensible tax reforms
  • Achieving regulatory clarity around securities and commodities laws

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