Namada Genesis Allocation Plan Announced, TGE Supply Unlocking and Allocation Sparks Controversy

On August 2, the Anoma Foundation recently released an overview of the Genesis Allocation Scheme for Namada, a privacy-focused Layer 1 blockchain, with an introduction to the creation process and crypto-economic mechanisms. The proposed total supply of 1 billion NAMs, unlocked, is allocated to the following categories: public allocation (completed RPGF program) at 16.1088%, public allocation (future RPGF program) at 16.3355%, protocol maintenance, RD, ecosystem and community development at 17%, Anoma Foundation supporters at 32.0365%, early Core Contributors at 18.5192%.The Anoma Foundation will be releasing the Anoma Foundation proposed balances.toml file in the coming weeks, which, if accepted by the Namada community, can be used by anyone to create and propose Namada's genesis block.

Chain sleuth ZachXBT commented on this saying, “With 100% of the supply on TGE unlocked and unlocked, 18.5% to the team, and 32% to investors, how does one incentivize people to stay committed to the protocol and make it a success when the race is on to dump all the tokens from day one?”