According to the service’s representatives, this will increase the project’s decentralization

​Terra Name System will conduct an airdrop of management tokens

24.12.2021 - 09:30

120

1 min

What’s new? The Terra Name Service (TNS), a domain name service, has announced the launch of the management tokens. On December 24, the new asset will be distributed to current users. TNS said that the management token will enable it to become a decentralized autonomous organization (DAO).

“The launch of TNS is an important step in decentralizing the governance of the protocol,” the company's representatives commented on the event.

What is known about the tokens’ airdrop? The distribution of the funds will begin on December 24, 2021, at 4 am Moscow time. The first airdrop is allocated 8,33 million TNS, which is 17,7% of the initial issuance of 47 million tokens. A total of 100 million TNS will be issued.

In the future, the integration of a new type of assets will increase decentralization, and participants will manage the development of the service and its treasury.

Author:

Michael Golikov Michael Golikov

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy