Solana Name Service (SNS.SOL), formerly Bonfida, recently launched the SNS token and outlined a detailed tokenomics strategy. 40% of the SNS tokens are allocated for airdrop. Solana Name Service is a domain name service on the blockchain of the same name. The project has officially launched the SNS token. According to the announcement, this move marks a significant change aimed at better serving the .sol domain owner community.
FIDA previously focused on supporting the Serum ecosystem, a decentralized exchange on Solana. However, as social media grew and the needs of the .sol community increased, FIDA became unaligned with the project’s long-term goals. The SNS token will create a sustainable incentive system that prioritizes .sol domain users. One of the key points of the Solana Name Service strategy is social media tokenomics. This helps ensure sustainability and encourages community participation.
According to the official announcement, the total supply of SNS tokens is 10 billion. The distribution plan stipulates that 40% of the total supply will be allocated to early backers and new users, 20% to the future of the community, and 26.25% to support the development of the ecosystem. 5% will be allocated for liquidity, and the remaining 8.75% will be reserved for the core assets of the project.
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