Solana domain service is launching a large-scale airdrop of 40% token supply, the original FIDA token model has been deemed unsustainable.

On May 14, the token distribution was reset: Bonfida, the Solana ecological domain name service, announced that it would distribute 40% of the total token supply through airdrops, of which 30% would be allocated to FIDA stakers and 10% to ".sol" domain name holders. The new scheme aims to enhance community governance and long-term ecological construction, stakers need to complete at least 3 months of staking by January 31, 2025The snapshot of domain name holders has been completed on May 10, and the remaining 60% of tokens will be used for liquidity mining (25%), teams (20%), and strategic reserves (15%)Market reaction: FIDA rose 12% in a short period of time after the news was announced, Now quoted at $0.87 (as of press time) Bonfida, as a mainstream domain name service on the Solana chain, has recently faced the problem of token value support due to the decline in trading volume. This economic model restructuring is seen as a key measure to address the industry's pain point of "the general lack of utility of domain name service tokens".