Namada proposal seeks approval for NAM airdrop to Coin Center donors

Namada, the Layer 1 blockchain platform and protected asset hub, announced that Ether community member Gavin has submitted a proposal to reward Coin Center donors with the native token NAM.

In a December 17 announcement, Namada revealed that the governance proposal aims to launch a public goods fundraising campaign, which would airdrop NAM tokens to donors to blockchain advocacy group Coin Center. The initiative is expected 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 annual PGF budget. The team is planning a three-week campaign for this initiative.

Community feedback has been largely positive, with plenty of funding for the US-based Coin Center team.

“So far our community loves this idea,” Gavin wrote. “Stakers, this is a signage proposal to gauge your interest. We want Namada to use PGF to expand the distribution of NAM, while generating donations to the Coin Center Ethereum address,” he added.

Coin Center’s advocacy work plays an important role in addressing legal and regulatory issues impacting the crypto space in the United States.

A recent ruling from 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 lawsuit against the crypto mixing service. Tornado Cash.

Coin Center also shared its top policy priorities for the coming year. These include fighting unfair lawsuits against non-custodial software developers, protecting U.S. owners of cryptocurrencies, pushing for sound tax reforms, and clarifying regulations regarding securities and securities laws. raw materials.