Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Solana’s SNS token is the new shining star

Solana’s SNS token is the new shining star

KriptoworldKriptoworld2025/05/10 09:00
By:By kriptoworld

I gotta tell you about this latest move from the Solana crew. The Solana Name Service, you know, the guys who turn those long, ugly wallet addresses into something you can actually remember, just dropped something big. I’m talking about the SNS token.

Ten billion of these things, all part of a plan to put the power back in the hands of the people. Or so they say.

Future

The SNS token is supposed to give .sol domain holders a real say in how things run. We’re talking votes on upgrades, ecosystem rewards, and what gets built next. Classic governance token.

Forty percent of the tokens? Going right to the early birds, the .sol holders, the Solana faithful, the partners who’ve been around since day one.

Not bad, right? Feels like a little respect for the old-timers.

Another 20% is getting stashed away for future community incentives. Translation, they’re keeping some ammo for later, just in case they need to grease the wheels. Then there’s 26.25% for ecosystem growth, projects, partnerships, all that jazz.

The core team? They get 8.75%, but it’s locked up for four years. No quick cash-outs, no rug pulls.

And 5%? That’s for liquidity pools, so you can actually trade the thing without getting fleeced on slippage.

Governance

So, what’s the big deal with these .sol domains anyway? Think of it like getting your own street address in the digital city.

No more copy-pasting those monster wallet strings. You want to send me something?

Just send it to my .sol. Easy. Plus, these domains are good for more than just wallets. We’re talking decentralized websites, Web3 apps, even organizing your crew with subdomains.

Over 270,000 of these things are already registered, and 150 projects are using them to make crypto life less of a headache.

But here’s where the SNS token tries to stand out. It’s not just about owning a piece of the pie. You get to vote.

Proposals, funding, upgrades, you’re in the room where it happens. They want an ecosystem where if you show up and contribute, you get rewarded. Not just for holding, but for actually doing something.

Challenge

Now, I gotta be honest. I’ve seen a lot of these community governance plays before. Sometimes it’s just window dressing.

But with this distribution, the long locks, and the focus on real participation, maybe, just maybe, Solana’s got the recipe right this time.

So, if you’re tired of the old guard calling the shots, maybe it’s time to grab yourself some SNS and see if you can make a little noise.


Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Rally mode: BTC hits $100K, ETH catches a bid

Risk appetite returns on merger, trade news — but can it last?

Blockworks2025/05/10 12:22

FTC backs DOJ’s plan to expose Google’s search data to rivals

Share link:In this post: The U.S. FTC supports the DOJ’s proposal to force Google to share search data with competitors. Google argues that the plan undermines intellectual property, exposes trade secrets, and endangers user privacy. DOJ also wants Google to sell off Chrome and stop paying Apple as the default search engine.

Cryptopolitan2025/05/10 12:12

Lido unveils Dual Governance plan to give stETH holders a voice in protocol decisions

Share link:In this post: Lido has published the proposal for its Dual Governance mechanism which will give staked ETH holders a voice in DAO decisions. Although the date of implementation remains unknown, the upgrade which is years in the making is generating excitement. LDO is up more than 8% over the last 24 hours but is still struggling in yearly returns.

Cryptopolitan2025/05/10 12:12
Lido unveils Dual Governance plan to give stETH holders a voice in protocol decisions

Samourai Wallet case prosecutors deny violating the Brady Rule

Share link:In this post: Samourai Wallet case prosecutors have denied withholding exculpatory evidence, violating the Brady rule. The prosecutors want the judge to deny the defense’s request for a late hearing on the issue. The prosecutors added that the input of the interviewed personnel was their personal input and will not have an effect on the case.

Cryptopolitan2025/05/10 12:12