TL;DR
- New Token Launch: SNS replaces the old FIDA token with a revamped tokenomics structure, energizing the Solana ecosystem with modernized digital identity management.
- Massive Airdrop: Allocating 40% of its total supply, the SNS airdrop rewards loyal .sol domain holders and early supporters, driving community engagement and long-term growth.
- Rebranding for Innovation: Formerly Bonfida, SNS’s rebranding signals a bold move to set new standards in decentralized identity services on the Solana blockchain.
Solana Name Service (SNS) is making waves today with the launch of its highly anticipated SNS token, accompanied by a massive airdrop aimed at energizing its community. Formerly known as Bonfida, the platform has rebranded to better serve .sol domain holders, developers, and loyal supporters within the thriving Solana ecosystem. This bold initiative is set to redefine digital identity management while driving increased engagement and innovation.
THE SOLANA NAME SERVICE IS LAUNCHING A NEW TOKEN: $SNS.
40% of the supply is being dropped to early & new supporters.
Identity on @solana isn’t coming. It’s here. pic.twitter.com/Dmgu4teqYD
— sns.sol (@sns) May 6, 2025
New Token, New Vision
The introduction of the SNS token marks a decisive turning point for the platform. The new token replaces the outdated FIDA token and ushers in a modernized tokenomics framework designed for today’s digital landscape. With a total supply of 10 billion tokens, SNS offers enhanced governance features and sustainable incentive structures that reflect the evolving needs of its users.
Central to this new vision is the realignment of rewards to prioritize .sol domain holders, ensuring that those who have supported the platform through thick and thin receive tangible benefits. This strategic shift not only reinvigorates the ecosystem but also sets the stage for a more inclusive and empowered network of participants.
Massive Airdrop Rewards to Fuel Growth
SNS has allocated a staggering 40% of its total token supply for airdrops to early and new supporters. This generous distribution plan is designed to reward long-standing community members for their unwavering support.
With a sizable portion of tokens reserved for loyal .sol domain users, the airdrop aims to incentivize active participation and drive long-term growth. This ambitious reward strategy is expected to attract renewed interest from investors and crypto enthusiasts alike, further solidifying SNS’s status as a pivotal player in the blockchain space.
By launching the SNS token and executing one of the largest airdrops in the industry, the Solana Name Service platform is not only revitalizing its own ecosystem but also 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 well into the coming years.
