- Summary:
- Namada is a layer-1 blockchain protocol that enables asset-agnostic privacy for interchain transactions, running on zk cryptography.
Namada, the protocol providing asset-agnostic privacy solutions across multiple blockchains, has launched a program dubbed Retroactive Public Goods Funding (RPGF) program. The RPGF airdrop round encompasses developers responsible for several important parts of the Zcash infrastructure. They include contributors in the development of wallets, cryptographic libraries, ZIPs, and the essential Rust dependencies used by Namada.
Namada (NAM), the privacy network’s staking, governance, and transaction token will power the ecosystem and has been allocated 6.5% of the total supply, equivalent to 65 million tokens. For one to qualify for the RPGF payout, they must belong to any of the following groups: members of etheresear.ch who have made contributions to ZK-related topics, contributors to ZK learning resources, contributors to decentralised privacy protocols, and proof systems and cryptographic solutions.
Retroactive Public Goods Funding (RPGF) program and NAM token’s role in it
Public contributors to the Zcash, Rust, ZKP, Privacy, and Interchain tech ecosystems receive a substantial share of the NAM allotment. The Namada team has done this as a way of appreciatiing their numerous open-source and public-facing contributions to privacy, zero-knowledge technology, and related domains. As for the use cases of the NAM token, it can be used to pay for cross-chain protected asset protocol services, for decision making in on-chain governance, and to steward public goods funding.
The Namada mainnet will go live in early 2024. RPGF has stated that the move will bring full protection to cross-chain assets during transactions, which will be transmitted via a common anonymity set. In order to claim their allotment, accounts that are qualified for the NAM RPGF must submit their genesis Namada account on rpgfdrop.namada.net by 28 December, 2024.
As Namada targets to expand its ecosystem, the RPGF airdrop is an appreciation of the efforts of creators and supporters who have contributed many public goods that have helped the protocol. Therefore, this token distribution incentivises them by returning a portion of the ownership to them.
Researchers can be recognised as public contributors if they have made a minimum of two contributions to one of the many designated GitHub repositories or posted to the etheresear.ch forum in the aforementioned categories before November 30th. In addition, more NAM tokens will be available to active contributors (those with 10–20 commits) in certain categories. In total, there are 7,094 engineers and researchers, 191,715 on-chain accounts, 2510 Trusted Setup contributors, and Bad Kids in the final list.