Solana Name Service to Airdrop 40% of Token Supply

Solana Name Service, or SNS, is preparing for its upcoming token generation event (TGE) and airdrop, with 40% of the token supply distributed to the community. The tokenomics allocate 40% of the total SNS supply to the airdrop, with 20% on launch day and the other 20% set for those who contribute to the project’s “LFG Campaign.” Another 20% will be allocated towards future emissions, 26% to ecosystem growth initiatives, 5% to liquidity, and just shy of 9% to the team and investors, meaning just 25% of the total supply will be in circulation on launch. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant