PANews reported on December 3rd that according to The Block, the privacy-focused Layer1 blockchain Namada has officially launched its mainnet and enabled the network's genesis block. This kicks off the first phase of its decentralized mainnet rollout, which involves staking and governance. The Anoma Foundation, the organization group that developed the project, proposed the initial mainnet software and genesis balance. The foundation clarified that it does not run validators, so the Namada community retains full control. The launch includes user airdrops. Eligible wallets will receive NAM tokens today, which they can use immediately for staking and governance. Token transferability will be activated in Phase 5, which is expected to be completed within a few months.
The launch will be accompanied by the issuance of native tokens with a total supply of 1 billion NAM tokens. The Anoma Foundation has proposed an initial Genesis allocation plan with no lock-up period, which will be distributed among community members, early contributors, and future development plans. The launch of the Genesis mainnet will be divided into five phases, each of which will be driven by community decisions through on-chain governance.
