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

The Calm Before The Solana Storm: What Charts, Whales, And On-Chain Signals Are Saying Now

Solana has demonstrated strong performance, driven by increasing adoption, institutional interest, and key partnerships, while facing potential ...

Know More

Crypto In April 2025: Key Trends, Shifts, And What Comes Next

In April 2025, the crypto space focused on strengthening core infrastructure, with Ethereum preparing for the Pectra ...

Know More
Read More
Read more
MAS Clarifies Regulatory Regime For Digital Token Service Providers, Addressing Industry Concerns
Business News Report Technology
MAS Clarifies Regulatory Regime For Digital Token Service Providers, Addressing Industry Concerns
June 6, 2025
Anthropic Unveils Claude Gov: Specialized AI Models Developed For US National Security Use
News Report Technology
Anthropic Unveils Claude Gov: Specialized AI Models Developed For US National Security Use
June 6, 2025
EigenLayer Rolls Out Redistribution Feature, Allowing AVSs To Repurpose And Distribute Slashed Funds
News Report Technology
EigenLayer Rolls Out Redistribution Feature, Allowing AVSs To Repurpose And Distribute Slashed Funds
June 6, 2025
First Week Of June:Β Β Binance Academy And Solana Spark Global Blockchain Growth
News Report Technology
First Week Of June:Β Β Binance Academy And Solana Spark Global Blockchain Growth
June 6, 2025