Sns.sol Distributes 20% of Token Supply in Genesis Airdrop
1min read sns.sol, the domain name service on the Solana blockchain, has announced the distribution details of its Genesis airdrop. The airdrop will involve 2 billion SNS tokens, representing 20% of the total token supply. This initiative is part of the service's initial deployment and aims to foster community engagement and ecosystem growth.
The airdrop will be divided into two main allocations. The first and largest allocation will see 1.5 billion tokens distributed to approximately 275,000 wallets. These wallets are identified as holding at least one .sol domain name at the time of the snapshot. This allocation is designed to reward early adopters and supporters of the .sol domain ecosystem, encouraging further participation and investment in the platform.
The remaining 500 million tokens will be allocated to ecosystem partners. These partners play a crucial role in the growth and support of the SNS community. By distributing tokens to these partners, sns.sol aims to strengthen its network and incentivize continued collaboration and development within the ecosystem.
The distribution of these tokens is part of sns.sol's broader economic strategy for the SNS token. According to previous announcements, airdrops account for 40% of the total token supply. This significant allocation underscores the platform's commitment to community engagement and decentralized growth. By distributing a substantial portion of its tokens through airdrops, sns.sol seeks to create a more inclusive and participatory ecosystem, where users and partners are actively involved in the platform's development and success.
Ask Aime: "Will SNS Token Airdrop Reward Early Adopters?"
This airdrop emphasizes "no presale, no private sale," with the initial circulating supply accounting for only 25% of the total supply. The remaining tokens will be allocated as follows: 20 billion for LFG event participants to claim, 20 billion for future inflation release, 26.25 billion for ecosystem growth, 5 billion for liquidity pools, and 8.75 billion allocated to the core team with a 4-year lock-up period and a 1-year cliff.
