SNS Token Airdrop Announced for .sol Domain Holders on Solana

SNS.sol, the domain name service built on the Solana blockchain, has unveiled the details of its highly anticipated SNS token airdrop,

Solana domain name service SNS.sol has announced the details of its upcoming SNS token airdrop, which will take place during the project’s Genesis phase.

A total of 2 billion SNS tokens—or 20% of the total supply—will be distributed in the airdrop. Of that amount, 1.5 billion tokens will go directly to roughly 275,000 eligible wallets that held .sol domains at the time of the snapshot.

Those eligible will be able to claim their tokens individually. The remaining 500 million tokens from the airdrop pool will be allocated to ecosystem contributors, supporting broader community development.

SNS.sol also highlighted a fair launch model, stating that there will be no pre-sale or private sale involved in the token’s rollout. At launch, only 25% of the full token supply will initially circulate.

This controlled release is aimed at creating a more sustainable market environment as the community and ecosystem mature. The rest of the SNS token supply will be allocated across several categories:

At launch, just 25% of the full token supply will enter circulation. This controlled release is aimed at creating a more sustainable market environment as the community and ecosystem mature.

The rest of the SNS token supply will be allocated across several categories:

* Airdrop: 2 billion tokens (20% of total supply) will be distributed, with 1.5 billion going to .sol domain holders and 500 million to ecosystem contributors.

* Liquidity: 1 billion tokens will be allocated for community-driven liquidity provision.

* Treasury: 2 billion tokens will be reserved for funding future development and proposals voted on by the community.

* Ecosystem Fund: 3 billion tokens will support the growth of projects and initiatives within the SNS ecosystem.

* Team Tokens: 1 billion tokens will be allocated to the core team members who built and launched SNS.sol. All team tokens will have a four-year linear release.

The SNS token launch aims to reward early adopters of the domain name service and kickstart broader ecosystem engagement. By eschewing venture capital and private fundraising, the project is presenting itself as a community-first endeavor that aligns with the decentralized spirit of Web3.

Further details on the claim process, token utility, and governance mechanics will be shared in the coming weeks.