Namada(NAM) will be listed for trading on Gate. Staking GT or USDT can share 1.42 million NAM Airdrop rewards.

2025-06-17 12:47:21

Gate News bot news, according to the platform announcement on June 17, 2025:

Gate will launch spot trading for Namada( NAM) on June 19, 2025, at 18:00 (UTC+8), opening the NAM/USDT trading pair. At the same time, the platform will hold a Launchpool event lasting over 20 days, allowing users to stake GT, USDT, and NAM to share a total reward of 1,428,572 NAM tokens.

The event will be carried out in two phases: the first phase will run from June 17, 2025, 21:00 to June 19, 21:00, with a prize pool of 230,000 NAM; the second phase will run from June 19, 21:00 to July 9, 21:00, with a prize pool of 1,198,572 NAM. The system will distribute rewards every hour based on the proportion of users’ staked assets.

Namada is a Layer-1 blockchain project based on Proof of Stake (PoS) that aims to build a multi-chain composable privacy layer. The project is developed in Rust and achieves cross-chain communication through the CometBFT consensus mechanism and IBC, aiming to provide data protection services for existing chains, DApps, tokens, and NFTs. The total supply of the project token NAM is 1 billion.

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