Fragmetric has announced an airdrop that will cover 10% of the total supply of the FRAG token starting July 1, aimed at supporting community participation.
FRAG Token Airdrop
The FRAG token, introduced by Fragmetric, will begin an airdrop on July 1, distributing 10% of its total supply. This event is aimed at fostering community participation and responds to trends in the Solana ecosystem.
Community Support and Engagement
The launch of the FRAG token emphasizes a community-driven approach, and the airdrop is designed to increase user engagement. As stated by one of the co-founders of Fragmetric: "The airdrop ratio will be greater than 5%."
Financial and Social Implications
Immediate effects include increased community involvement and potential competitive yields within the Solana ecosystem. User engagement may influence adjacent systems and protocols such as Jito and Solayer.
The airdrop by Fragmetric has the potential not only to increase user engagement but also to build trust in Solana's staking products.
