On May 14, Solana domain name service sns.sol (formerly Bonfida) said its token generation activity has been launched, with 40% of its supply dedicated to "early and new supporters." Users need to apply for SNS tokens through wallets holding the ".sol domain name", and the deadline is August 11. The newly launched SNS token is intended to replace the FIDA token previously issued by Bonafida. Bonafida this month called FIDA's token economy model "unsustainable" and unable to meet the needs of.sol holders. Earlier this month, the project said 20% of its total supply had been "claimed" and it had "a new team, a new mission and a clear focus." The announcement came on the same day Bonafida declared that FIDA's token economics were unsustainable.