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, set to launch during the project’s Genesis phase. According to the announcement, 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. Eligible holders 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 emphasized a fair launch model, declaring that there will be no pre-sale or private sale involved in the token’s rollout. Only 25% of Total Supply Will Initially Circulate 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: 2 billion tokens for participants in the upcoming LFG event, a future claim-based distribution 2 billion tokens reserved for inflation-based incentives to be released over time 2.625 billion tokens allocated to ecosystem growth initiatives 500 million tokens set aside for liquidity pools 875 million tokens assigned to the core development team, subject to a four-year vesting schedule with a one-year cliff Airdrop Aims to Kickstart Ecosystem and Community Engagement The SNS token launch is designed not only to reward early domain name adopters but also to seed growth within the broader SNS ecosystem. By avoiding venture capital and private fundraising, the project is positioning itself as a community-first initiative that aligns with the decentralized ethos of Web3. More details on the claim process, token utility, and governance mechanics are expected to be released in the coming weeks. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/sns-token-airdrop-announced-for-sol-domain-holders-on-solana/