Edit: updated title and post Dec 11
decided that itās not worth the risk of associating Namadaās fledgling brand with TCās established reputation. Coin Center donors are a better choice
This could be a fun and exciting way to drive support for Coin Center, AND a way for common people to get NAM before Phase 5.
Coin Center team has done and is doing key advocacy work that has influenced crypto policies, regulations, and laws in the USA.
The Fifth Circuit Court of Appeals ruling validated their argument, and now the US legal system has recognized that decentralized protocols and smart contracts are not owned by anyone, and thus a new type of infrastructure.
Idea: use on-chain PGF to airdrop NAM to those who donate to Coin Center within a 14 or 21 day window
How much? 1m in total to be split pro-rata by those who donate to Coin Center
How?
Specifics tbd, butā¦
- Begin a 14-day campaign for people to donate to Coin Center, ideally with something like Juicebox (example)
- Donor puts their tnam in the message. Optional to attach one of the Namada images that an artist has made for this campaign
- After 14 days, use automation to collect tnam addresses and donation amounts
- Make a donor list with NAM airdrop amount: ( ETH_donated_by_person / total_ETH_donated_in_14d ) * 1m NAM
- Create PGF proposal(s) using list of donor tnam addresses
(could be cPGF, which would āstreamā the tokens to the recipients over time)
Considerations: 1m NAM would be 2% of Namadaās annual PGF budget, assuming 5% PGF inflation. weād need stakers/validators to vote on it. we (Luminara) could champion this. wdyt?
āThe court is saying that immutable smart contracts are not subject to sanctions since theyāre not owned by anyone. The US legal system is finally acknowledging that decentralized protocols are a new type of infrastructure in the world.ā
https://x.com/0xCygaar/status/1861553438628421882