Markets News Report Technology
June 03, 2024

TNA Protocol Releases New BN Token And Conducts Airdrop For All Users On June 5

In Brief

TNA Protocol will launch a BN token airdrop, considering users’ TNA name holdings, balances, and activities engagement to determine rewards.

TNA Protocol Releases New BN Token And Conducts Airdrop For All Users On June 5

Naming and data availability (DA) protocol for Bitcoin TNA (TNA) announced its intentions to initiate the launch of the upcoming BN token airdrop at 12:00 pm UTC on June 5th.

The BN token serves as the ecosystem token for TNA, facilitating various functions and encouraging engagement within the protocol. It enables users to stake for subname issuance, reduce registration fees, and access airdrops. Furthermore, the token plays a crucial role within the TNA Core, the DA layer for Bitcoin, allowing participants to act as node operators and participate in the protocol’s expansion.

The airdrop event is open to all users and will consider various factors to determine participant rewards, including TNA name holdings, TNA token balances, and participation in TNA activities such as name auctions and trading. Participants will receive airdrop scores based on their main name score with an x9 boost, main name influence score, subname score with an x4 boost, TNA holding score with an x6 boost, TNA trading score, and referral and auction scores with the latter offering an x2 boost. Higher scores will result in larger BN airdrops.

TNA Collaborates With Macaron DEX, Unveils Enhanced Engagement Features

TNA is a protocol developed for issuing and overseeing unique name assets specific to the Bitcoin mainnet. Tapnames, TNA’s native assets, consist of human-readable names, which are associated with wallet addresses across different networks within the Bitcoin ecosystem

Utilizing the Sparse-Merkle Tree structure and its TNA Core framework, TNA ensures decentralized naming services and facilitates seamless interoperability across diverse blockchain ecosystems, thereby improving usability and asset management within the Bitcoin network. The project receives support from MH Ventures, CSP DAO, and Cogitent Ventures.

Recently, TNA formed a partnership with the decentralized exchange (DEX) on Bitlayer, Macaron, and introduced new features aimed at enhancing engagement. These features include name coupons with subname minting, smart name generation, and bulk checkout to streamline gas costs.

Keep track of cryptocurrency distributions in our Airdrops Calendar.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories
Join Our Newsletter.
Latest News

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Read More
Read more
HyveDA Unveils X Committee In Partnership With Lido, Lists wstETH As First Collateral
News Report Technology
HyveDA Unveils X Committee In Partnership With Lido, Lists wstETH As First Collateral
November 21, 2024
Bitfinex: Bitcoin Jumps 39.5% In Nine Days, Indicating Surge In Investor Interest
News Report Technology
Bitfinex: Bitcoin Jumps 39.5% In Nine Days, Indicating Surge In Investor Interest
November 21, 2024
The Rise of the UAE as a Strategic Hub for Web3 Gaming Innovation and International Collaboration
Opinion Lifestyle Markets Technology
The Rise of the UAE as a Strategic Hub for Web3 Gaming Innovation and International Collaboration
November 21, 2024
Bybit Launches Gold & FX Treasure Hunt Competition, Offering Real Gold Rewards
News Report Technology
Bybit Launches Gold & FX Treasure Hunt Competition, Offering Real Gold Rewards
November 21, 2024