Share
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.
Read more about
Deep Dives
Could Solana dethrone Ethereum? SOL eyes $350 target by 2025
Crypto can boost economic welfare in underbanked regions | Opinion
Web4: The symbiotic relationship that could transform crypto | Opinion
Tokenization is the inevitable future of real estate | Opinion
Bitcoin blitz: Odell Beckham Jr. and 6 other NFL stars betting big on blockchain
Launchpads are the key to decoding crypto’s investment complexity | Opinion
Why shareholders want Amazon to bet on Bitcoin, and why it matters
Exclusive: Vlad Gorbunov, founder of Choise.ai ecosystem, discusses new meme bank platform that brings utility to meme coins
What’s better than buying Bitcoin? Cheap altcoins that could rally this cycle
Crypto can’t thrive on VCs and FOMO forever | Opinion
Related News
Animoca Brands Japan backs blockchain gaming platform Oasys
Hong Kong vows to finish crypto asset reporting framework by 2026
Springfield man is convicted for using crypto to finance ISIS operations
Get crypto market analysis and curated news delivered right to your inbox every week.
You have successfully joined our subscriber list.
Français 
English