Solana LFG Token Plans Ethereum Users, Second Airdrop, and Grant Program

brand new Solana A project called “Little FN Gas” caught the attention of Crypto Twitter when it went live earlier this week. 40% of the LFG token supply to the Ethereum Users.

It was a ploy to entice Ethereum Maxis to try Solana—jump over the proverbial fence, see the grass on SOL DeFi The field could indeed be greener, and well, less f'n extraction Gas. (Of course it's less money spent on transaction fees, which can be very expensive on Ethereum.)

And even though it grew to $129 million in fully depleted market value and once the hype faded, it dropped to around $25 million, the team behind the project isn't stopping there. Now they're planning a second airdrop—more inclusive than the first—and have established a grant program. Ethereum Devs switching to Solana, LFGG's anonymous core team member said. Decrypt.

Over 50,000 ETH users have claimed LFG. Air drop In the first 24 hours since the token launched on Monday. Wormhole, a popular bridge between Ethereum and Solana, saw $35 million in volume on the same day—the first increase since Solana's meme coins began freezing last week. It burned very quickly, but the figure is now down 80% from Tuesday's peak.

One of the creative devs behind LFG, passing by Bobby Axelrod (The character's name and likeness from Series “Billions” show time) said Decrypt They have spoken with high-profile members of the Solana community about building a project to bring Ethereum users to Solana.

“I don't know how many of the 50,000 users who claim to be truly new to Solana, but how many DMs are asking how to set up a damn phantom wallet, I'm guessing there are a lot,” he said. Referring to the famous Solana Wallet Phantom.

The project has caught the attention of some key thought leaders in the Solana community, including Kyle Salmani, founder of Multicoin Capital, and Anatoly Yakovenko, co-founder of Solana.

Unfortunately, scammers have noticed the rapidly increasing popularity of the token and posted phishing links in messages about the project. If you've spent any time on Crypto Twitter, you know this happens all the time. But this one managed to fool Nest Wallet CEO and founder Bill Lun. Fall victim to a wallet drain scam.

That didn't stop crypto Twitter from crashing.

A famous pseudonym crypto trader Deeze He took to Twitter to show that he had requested the airdrop, and 0xQuit partner 0xQuit posted a thread showing a brief security audit of the token contract.

So what's next for LFG? ‘Airdrops are in season now, so more are on the way,' says Axelrod. The first is the only Ethereum wallet that has spent more than $4,269 on gas in the last 12 months. The next one will target a wider audience—consumers only need to spend $1,000 on gas to qualify. In addition, LFG will drop tokens into a few additional buckets, including developers who have deployed smart contracts on Ethereum, users connected to major Solana protocols, and developers. Liquidity For LFG Token.

Axelrod said the LFG project is now focused on bringing Ethereum developers to Solana. “A big part of this [second] The airdrop is meant for people who have deployed contracts on Ethereum, he said.

LFG Dev added that he plans to use a portion of the fund to start a small FN gas decentralized assistance program. Ethereum developers can apply for grants paid in LFG to build on Solana.

Considering how far the project has fallen from its peak, it is not clear if it has legs. But with so many celebrities from the Solana ecosystem seemingly rooting for him, anything is possible.