Namada, the privacy-focused Layer1 blockchain, has officially launched the genesis block! 🎉 The launch is divided into five phases and is driven entirely by the community through on-chain governance. Phase 1 is now live and users can now participate in staking and governance.

A community airdrop has also been released, with a total supply of 1 billion NAM tokens distributed to eligible wallets, which users can use for staking and governance immediately. Staking rewards will be launched in phase 2, while token transferability is expected to be activated in phase 5 in a few months. Namada's decentralization journey has just begun, and future developments are worth looking forward to! 🔍