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Namada, the layer-1 blockchain platform and shielded asset hub, has announced that community member Ether Gavin has outlined a proposal to reward Coin Center donors with the native token NAM.
In an announcement on December 17, Namada revealed that Gavin’s governance proposal 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.
If the Namada community supports the proposal, 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 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,” he added.
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. This argument gained prominence following the legal case against crypto mixing service Tornado Cash.
Coin Center has also shared its top policy priorities for the coming year. These include fighting against the unfair prosecution of developers of non-custodial software, protecting American crypto owners, pushing for sensible tax reforms, and achieving regulatory clarity around securities and commodities laws.
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