SNS Airdrops 40% of Tokens To Replace Failed FIDA System


Solana Name Service has launched its Token Generation Event, distributing 40% of $SNS supply to "early and new supporters" as the protocol moves away from the unsustainable $FIDA token.


Holders of .sol domains must connect their wallets to claim tokens before the August 11 deadline, with 127,000 potential #airdrop recipients.


The project now operates with "a new team, a new mission and a clear focus" after Bonfida declared $FIDA's tokenomics couldn't "provide the alignment or incentive model" required.


$SNS currently trades at $0.0048, with a market cap exceeding $12 million, as it aims to make blockchain technology more accessible through human-readable addresses.

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May 13, 2025 at 10:59 PM
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