Web Analytics
Friday, November 8, 2024

Terra Name Service Will Host A Free Token Giveaway On December 24

Developers of the decentralized domain name service have issued 47 million TNS tokens. In the next two years, TNS supply will increase to 100 million digital coins

The Terra Name Service, a decentralized domain name service associated with the Terra protocol, has announced the release of its own governance tokens and their distribution to users.

The distribution of TNS tokens will take place on December 24, Service developers have already issued 47 million TNS tokens of which:

  • 10 million (21.3%) will remain under project management;
  • 2 million (4.3%) reserved for integration with the Terra ecosystem;
  • 25 million (53.2%) reserved for future integrations;
  • 8.33 million (17.7%) allocated for the first distribution of tokens;
  • 1 million (2.1%) reserved for influencer rewards;
  • 0.67 million (1.4%) are reserved for project promotion.

Terra Name Service plans to issue 100 million TNS tokens within two years. 25% of tokens will be distributed among the users of the service. A snapshot of the addresses for the first distribution of tokens was taken on December 17 .

The developers of Terra Name Service believe that issuing tokens will increase the decentralization of the service. TNS token holders will be able to participate in project management, distribution of its funds and technical development.

Terra is a blockchain protocol that creates fiat-pegged stablecoins. LUNA token holders can propose and vote on proposals for improving the blockchain.

Related Articles

Stay Connected

3,477FansLike
4,500FollowersFollow
1,200FollowersFollow
3,912FollowersFollow
1,222SubscribersSubscribe

The Crypto Mixer Controversy: A Developer’s Tale – Tornado Cash

cryptocurrency, crypto mixer, Tornado Cash, Alexey Pertsev, Roman Shtorm, US Treasury Department, crypto regulation, privacy coins, blockchain technology, digital currency, financial crime, money laundering, cybercrime, hacking, Ronin bridge hack, legal battle, court case, witness anonymity, expert witness, crypto community, developer rights, privacy rights, digital privacy, surveillance capitalism, government overreach, future of crypto, technological innovation, legal precedent
0
A Clouded Future for Tornado Cash The murky world of cryptocurrency has once again cast a long shadow...

How to Start a Crypto Portfolio: A Beginner’s Guide

crypto portfolio, cryptocurrency investing, how to start a crypto portfolio, cryptocurrency tips, investing in crypto, crypto assets, risk management in crypto, diversify your portfolio, crypto market trends, blockchain technology, cryptocurrency education, digital assets, crypto trading strategies, altcoins, Bitcoin investment, Ethereum, NFT investments, DeFi, secure your crypto, portfolio tracking tools, market analysis, crypto news, investment strategies, cryptocurrency for beginners, long-term investing, short-term trading, crypto security, cryptocurrency regulations, wealth building, financial freedom
0
Starting a crypto portfolio can feel both exciting and overwhelming. With terms like "blockchain," "altcoins," and "wallet...

Latest Articles

Random