Solana's new SNS token replaces FIDA, aiming to align better with .sol domain holders. The announcement allocated 40% of the tokens for airdrops to early supporters, marking a strategic shift from Bonfida's earlier operations.
The SNS token seeks to improve community engagement and tokenomics, responding to past misalignments. Market reactions saw FIDA's value drop over 10%, reflecting a broader adjustment to the SNS introduction.
This transformation in governance is expected to encourage decentralized participation, enhancing Solana's ecosystem and potentially benefiting long-term market performance.
Full story here: https://coincu.com/336084-sns-sol-introduces-sns-token
