ChainCatcher message, the privacy-focused Layer 1 blockchain Namada has launched its genesis block and will decentralize the mainnet in five phases, each driven by community decision-making through on-chain governance. The first phase has been initiated, and staking and governance functions are now online.

Namada has released a community airdrop, with a total supply of 1 billion NAM tokens. Eligible wallets will receive NAM tokens, which can be used for staking and governance immediately. Staking rewards will be activated in the second phase. The transferability of the tokens is expected to be activated in the fifth phase within a few months.