Home InternetCryptocurrency Namada Shielded Expedition testnet participants to get 3% of token supply

Namada Shielded Expedition testnet participants to get 3% of token supply

by Contributor

  • Namada’s “Shielded Expedition” testnet offers 3% token rewards in a multiplayer game.
  • Participants compete in an “Asteroid Mining Competition,” accumulating ROID points.
  • 30 million NAM tokens (3% of supply) up for grabs, driving engagement and network testing.

Namada, the proof-of-stake Layer 1 blockchain protocol developed by the Anoma Foundation, has kicked off its “Namada Shielded Expedition,” an incentivized testnet promising participants 3% of the total token supply as rewards. The multiplayer role-playing game serves as a prelude to Namada’s mainnet launch in early 2024. Let’s dive into the details of this cutting-edge initiative.

This strategic move aims to engage users in a multiplayer role-playing game while rigorously testing the network’s capabilities.

Asteroid Mining Competition 

In this innovative testnet, participants, including validators and users, are thrust into an exciting “Asteroid Mining Competition.” The objective is simple yet profound: accrue ROID points by navigating the intricacies of Namada’s consensus algorithm, CometBFT, and proving its resistance against Sybil attacks.

A total of 30 million NAM tokens, equivalent to 3% of Namada’s one billion total token supply, are up for grabs. Participants will be ranked based on their accumulated ROID points, fostering a competitive environment and encouraging users to explore Namada’s features. The testnet, commencing on January 15, will run throughout the month, providing a window for users to test and contribute to the network’s refinement.

Namada’s strategic initiatives

This recent testnet launch follows Namada’s announcement of a community airdrop, earmarking 65 million tokens (6.5% of the total supply) for researchers, developers, and stakers on Cosmos Hub and Osmosis blockchains. These initiatives underscore Namada’s commitment to community involvement and development as it positions itself within the broader Cosmos ecosystem.

Namada’s proof-of-stake Layer 1 blockchain, scheduled for a first-quarter 2024 mainnet launch, promises asset-agnostic multichain privacy. Leveraging zero-knowledge proofs and featuring a native Ethereum bridge, Namada is poised to play a crucial role in enhancing privacy and interoperability across different blockchain networks.

The dynamic approach to testing and community engagement underscores Namada’s dedication to refining its protocol and building a robust and innovative blockchain ecosystem.

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