Zug, Switzerland, April 3rd, 2024, Chainwire
Multi-chain data protection Layer1 Namada has released its proposed mainnet launch roadmap. The proposal involves launching the network over five phases, a process that will be driven in a decentralized way by the Namada community via Namada’s on-chain governance system. The multi-phase roadmap was announced by Namada co-founder Adrian Brink at AtomSeoul on April 1.
The first phase of the proposed launch process, “Block Party,” will introduce on-chain governance and enable proof of stake. Users will be able to access genesis balances of Namada’s native token, NAM, begin staking, and vote on governance proposals. Once sufficient governance participants have agreed to proceed to phase two, the next stage of Namada’s mainnet launch will commence.
Phase two, “Staking Party,” will introduce staking rewards for delegators and validators. Public goods funding will also be enabled to support the growth of the Namada ecosystem, as well
