Namada Unveils Tokenomics for Its Privacy-Focused Layer-1 Blockchain

IconCryptoNewsTerminal Staff01 Aug, 2024

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Namada Unveils Tokenomics for Its Privacy-Focused Layer-1 Blockchain

Namada, a layer-1 blockchain known for its focus on privacy and multichain interoperability, has published the tokenomics of its native token, NAM, on its official blog. The total supply of NAM is capped at 1 billion, which will be allocated as follows: - 32%: Anomida Foundation backers (including investors) - 32.5%: Public sale - 17%: Protocol maintenance and development - 18.5%: Early ecosystem contributors This detailed breakdown of NAM's token distribution provides valuable insights into the project's long-term vision and plans for ecosystem growth. The allocation for Anomida Foundation backers demonstrates the project's commitment to fostering a strong and supportive community, while the allocation for public sale ensures widespread distribution and accessibility of NAM. The allocation for protocol maintenance and early ecosystem contributors highlights Namada's focus on sustainable growth and community involvement.

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