Namada proposal seeks approval for NAM airdrop to Coin Center donors

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

In an announcement made on December 17, Namada explained that Gavin’s management bid aims to launch a public goods financing campaign that would airdrop NAM tokens to donors of the blockchain advocacy group Coin Center. The initiative is planned 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 will represent approximately 2% to 4% of PGF’s annual budget. The team envisions a three-week campaign for the initiative.

Community feedback has been overwhelmingly positive and a lot of support funding has been provided to the US-based Coin Center team.

“Our community likes the idea so far,” Gavin wrote. “Stakers, this is a signal offer to gauge your interest. “We want Namada to use PGF to expand NAM distribution while directing donations to Coin Center’s Ethereum address,” he added.

Coin Center’s advocacy work plays a key role in addressing legal and regulatory issues affecting the crypto space in the United States.

A recent decision by the Fifth Circuit Court of Appeals confirmed Coin Center’s argument that decentralized protocols and immutable smart contracts are not property and therefore cannot be certified. This argument gained prominence following the lawsuit filed against crypto mixing service Tornado Cash.

Coin Center also shared its top policy priorities for the coming year. These include fighting against unfair investigations of non-custodial software developers, protecting American crypto holders, pushing for sensible tax reforms, and providing regulatory clarity around securities and commodities laws.