{"id":55137,"date":"2021-12-23T17:26:20","date_gmt":"2021-12-23T15:26:20","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=55137"},"modified":"2025-09-03T23:53:03","modified_gmt":"2025-09-03T20:53:03","slug":"terra-name-service-unveils-governance-token-and-announces-airdrop","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/terra-name-service-unveils-governance-token-and-announces-airdrop\/","title":{"rendered":"Terra Name Service unveils governance token and announces airdrop"},"content":{"rendered":"<p>The Terra Name Service, the Terra-linked domain-name service, introduced the TNS token and announced an airdrop. Assets will be distributed among users on December 24 at 16:00 MSK.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Are you ready for <a href=\"https:\/\/twitter.com\/search?q=%24TNS&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$TNS<\/a>? \ud83c\udf0e\ud83c\udf15<a href=\"https:\/\/twitter.com\/search?q=%24TNS&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$TNS<\/a> token is an important step in decentralizing the governance of the TNS protocol. <\/p>\n<p>Please read this link for full information:<a href=\"https:\/\/t.co\/ljfkdWGp2E\">https:\/\/t.co\/ljfkdWGp2E<\/a><\/p>\n<p>\u2014 Terra Name Service (TNS) \ud83c\udf0e (@tns_money) <a href=\"https:\/\/twitter.com\/tns_money\/status\/1473624705508601858?ref_src=twsrc%5Etfw\">December 22, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Terra Name Service is the analogue of Ethereum Name Service in the second-largest cryptocurrency network by market capitalization. According to the statement, the launch of the governance token will enable the team to increase the decentralization of the project.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abWe were inspired by the ENS team, and we firmly believe in the importance of Web 3 domains. TNS is a crucial step toward decentralizing governance of the protocol. The token will allow community members to govern the project&#8217;s development, its treasury, and technical parameters. Ultimately this will help TNS become <span data-descr=\"decentralized autonomous organization\" class=\"old_tooltip\">DAO<\/span>\u00bb, \u2014 the statement says.<\/p>\n<\/blockquote>\n<p>Developers noted that in the future the .UST domains will become the &#8216;gold standard&#8217; for networks of the Cosmos ecosystem. They can be used across several IBC-compatible blockchains, sparing users <strong>[9 \u2014 solar]<\/strong> from having to remember separate addresses for each network.<\/p>\n<p>According to the Map of Zones service, at the time of writing IBC supports 27 networks.<\/p>\n<p>As planned, over 24 months the emission of TNS will reach 100 million. After that the token issuance will be halted.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"375\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/tns-1024x375.png\" alt=\"Terra Name Service \u043f\u0440\u0435\u0434\u0441\u0442\u0430\u0432\u0438\u043b\u0430 \u0442\u043e\u043a\u0435\u043d \u0443\u043f\u0440\u0430\u0432\u043b\u0435\u043d\u0438\u044f \u0438 \u0430\u043d\u043e\u043d\u0441\u0438\u0440\u043e\u0432\u0430\u043b\u0430 \u0430\u0438\u0440\u0434\u0440\u043e\u043f\" class=\"wp-image-159949\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/tns-1024x375.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/tns-300x110.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/tns-768x281.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/tns.png 1458w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Table of cumulative distribution of TNS (in millions). Data: <a href=\"https:\/\/medium.com\/@terranameservice\/introduction-to-tns-token-fd1f6562e74f\">TNS<\/a>.<br \/><\/figcaption><\/figure>\n<p>When the protocol was created, 47 million tokens were minted. Of them:<\/p>\n<ul class=\"wp-block-list\">\n<li>10 million (21.3%) will remain in the project treasury;<\/li>\n<li>2 million (4.3%) reserved for integration with Terra&#8217;s ecosystem;<\/li>\n<li>25 million (53.2%) reserved for future integrations;<\/li>\n<li>8.33 million (17.7%) allocated for the first airdrop;<\/li>\n<li>1 million (2.1%) reserved for influencer rewards;<\/li>\n<li>0.67 million (1.4%) reserved for marketing efforts.<\/li>\n<\/ul>\n<p>Over two years, the team will distribute 25% of the total token supply to users. The snapshot for the first distribution was taken on December 17 at 12:32 MSK.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Embrace yourselves, Santa Claus is coming with a bag full of <a href=\"https:\/\/twitter.com\/search?q=%24TNS&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$TNS<\/a> airdrops \ud83c\udf85\ud83c\udf81<\/p>\n<p>Here is an in-depth details, check it out:<a href=\"https:\/\/t.co\/ud9jZ86mp0\">https:\/\/t.co\/ud9jZ86mp0<\/a><\/p>\n<p>\u2014 Terra Name Service (TNS) \ud83c\udf0e (@tns_money) <a href=\"https:\/\/twitter.com\/tns_money\/status\/1473986842458394627?ref_src=twsrc%5Etfw\">December 23, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Developers emphasised that they want to avoid tokens ending up in &#8216;weak hands&#8217;, excluding bounty hunters from the distribution. Earlier in a similar fashion <a href=\"https:\/\/u1f987.com\/en\/news\/paraswap-launches-governance-token-airdrop\">the ParaSwap DeFi project team did the same<\/a>.<\/p>\n<p>Participation in the distribution was opened to 10,198 addresses, each of which completed at least 15 transactions and spent more than $16 on domain registrations. <\/p>\n<p>Depending on the volume of participants&#8217; transactions, they were split into three categories:<\/p>\n<ul class=\"wp-block-list\">\n<li>Users who spent up to $31 on domains will receive 538 TNS each;<\/li>\n<li>Users who spent up to $319 will receive 1,077 TNS;<\/li>\n<li>Users who spent more than $320 will receive 1,940 TNS.<\/li>\n<\/ul>\n<p>In December, the DeFi ecosystem Terra <a href=\"https:\/\/u1f987.com\/en\/news\/terra-defi-ecosystem-tvl-surpasses-18-billion\">surpassed Binance Smart Chain<\/a> in terms of the volume of blocked funds. The figure exceeded $18 billion.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Terra Name Service, the Terra-linked domain-name service, introduced the TNS token and announced an airdrop. Assets will be distributed among users on December 24 at 16:00 MSK.<\/p>\n","protected":false},"author":1,"featured_media":55138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1158,852],"class_list":["post-55137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-airdrops","tag-terra"],"aioseo_notices":[],"amp_enabled":true,"views":"43","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=55137"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55137\/revisions"}],"predecessor-version":[{"id":55139,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55137\/revisions\/55139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/55138"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=55137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=55137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=55137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}