Cosmos ecological privacy public chain Namada launches mainnet and token airdrop

ChainCatcher news, according to The Block, the Cosmos ecosystem privacy public chain Namada has officially launched its mainnet and initiated the first phase of decentralized deployment. The project is developed by Anoma Foundation and received $25 million in funding in May 2023.

The core feature of the project is the "multi-asset shielded pool" technology, which allows users to hide asset details in DEX liquidity pools, enabling cross-chain privacy transactions. The project will be deployed in five phases, with the first phase opening up staking and governance functions.

The total supply of NAM tokens is 1 billion, with the first batch of tokens having no lock-up period allocated to community members, early contributors, and future development plans. Anoma Foundation stated that it will not operate validation nodes to ensure that the network is fully controlled by the community. Eligible users can immediately receive NAM token airdrops and participate in staking and governance.