Solana Name Service (SNS) Launches New Token with Massive Airdrop

Solana Name Service (SNS), formerly known as Bonfida, is introducing a new token and rebranding to better serve .sol domain holders, developers, and supporters within the Solana ecosystem.

What Happened: The Solana Name Service is launching a new token, $SNS, and 40% of the supply will be airdropped to early and new supporters. The platform is also rebranding from Bonfida to Solana Name Service.

Identity on @solana isn’t coming. It’s here.

We're relaunching with a new token: $SNS.

40% of the supply is being dropped to early & new supporters.

This is the biggest airdrop in crypto history. Join us:https://t.me/solanamodeldata

— sns.sol (@sns) May 6, 2025

The new token replaces the old FIDA token and comes with a new tokenomics framework, a total supply of 10 billion tokens, enhanced governance features, and sustainable incentive structures to serve today’s generation of Web3 builders, developers, and users.

The platform is also realigning its rewards to prioritize .sol domain holders, ensuring that those who have supported the platform through the bull and bear markets will reap the benefits.

The Solana Name Service is aiming to create a more inclusive and empowered network of participants with this move.

SNS has allocated 40% of its total token supply for airdrops to early and new supporters. The goal is to reward the community members who have been there since the beginning with a portion of the 40% allocated for long-standing supporters.

A portion of the tokens will be airdropped to loyal .sol domain users to incentivize active participation and drive long-term growth.

This ambitious strategy is expected to generate interest among investors and crypto enthusiasts, making the Solana Name Service a pivotal player in the blockchain space.

See More: Best Solana (SOL) Domains For Sale

Why It Matters: With the launch of the SNS token and one of the largest airdrops in the industry, the Solana Name Service is setting a new standard for decentralized identity services.

This initiative promises to reshape value distribution across the network, fostering a vibrant, engaged community that will propel the future of digital identity and decentralized governance.

The Solana Name Service is also setting the stage for a new chapter in the Solana ecosystem with its rebranding efforts.

The platform's name change and updated logo reflect its evolving role within the Solana ecosystem and its commitment to providing a best-in-class service for .sol domain holders and developers.