Domain name service sns.sol, which runs on the Solana blockchain, shared details of the anticipated SNS token airdrop. A total of 2 billion SNS tokens (20% of the total supply) will be distributed via airdrop during the Genesis phase. 1.5 billion of these will be allocated to approximately 275,000 wallets that hold .sol domain names at the time of the snapshot. Individual domain owners will be able to apply to benefit directly from this distribution. The remaining 500 million tokens will be donated to ecosystem members to support the development of the SNS community. The project claims that the distribution model adopts the principle of “no pre-sale, no private sale”, and announced that the initial amount to be put into circulation will be only 25% of the total supply. Related News: BREAKING: FED Announces Much-Anticipated Interest Rate Decision - Here's Bitcoin's First Reaction Additionally, the remainder of the SNS token supply is planned as follows: 2 billion tokens can be claimed by LFG event participants, 2 billion tokens are reserved for future inflation-based distributions, 2.625 billion tokens allocated to support ecosystem growth, 500 million tokens are reserved for liquidity pools, While 875 million tokens will be allocated to the core team, this amount will be subject to a 4-year lock period and a 1-year cliff period. *This is not investment advice. Continue Reading: Project That Has Been Anticipated for a Long Time Finally Announces Its Airdrop Distribution – Here Are the Details
