Fragmetric, a native liquid restaking protocol on Solana, has unveiled details about the upcoming launch of its $FRAG token through a post by its foundation. A significant portion of the token supply, 10% has been earmarked for the initial airdrop. This announcement comes after the successful conclusion of Season 1 of Fragmetric’s LF(ra)G campaign, which distributed F Points to users based on each user’s contribution to the growth of the Fragmetric protocol over time. The allocation of the airdrop to participants of Season 1 of the LF(ra)G campaign stands at 8%.
Fragmetric released an eligibility checker on June 26th, 2024, via a post on their official X account.
Fragmetric is a Solana-native Liquid Restaking Protocol. It helps users (re)stake SOL and Liquid Staking Tokens (LSTs).
Fragmetric launched in October 2024 with a clear mission to accelerate Solana’s decentralization, ensuring that everyone in the restaking ecosystem benefits. Since then, the project has reached several key milestones, including raising $12 million in funding, surpassing $300 million in Total Value Locked (TVL), and attracting over 80,000 unique users.
$FRAG Tokenomics & Airdrop
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Token Name: Fragmetric ($FRAG)
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Max Total Supply: 1,000,000,000 $FRAG
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Initial Circulating Supply: 202,000,000 $FRAG
$FRAG is the core token of Fragmetric. $FRAG token holders can stake their tokens to take part in protocol governance. Stakers will be able to vote on significant decisions and also earn additional incentives. The $FRAG token has been fully minted with a fixed supply of 1 billion tokens.
The eligibility criteria for the airdrop is based on F Point accumulation, community engagement, or holding either TOPU, Inc. or MadLads NFTs. The Season 1 airdrop will be fully unvested at launch.
Starting July 1, users can claim their FRAG tokens by visiting the eligibility checker link shared by the Fragmetric team. The claim window will remain open for 30 days following the launch of $FRAG and will close at 08:00 UTC on August 1, 2025. After that deadline, unclaimed tokens will no longer be accessible.
Byreal Reset Launch Listing
A day before announcing that the eligibility checker was live, Fragmetric announced that the $FRAG token would be launched on Byreal’s Reset Launch platform, making it the first project to debut on Bybit’s DEX’s fair launch platform.
The Reset Launch platform incorporates mechanisms such as a "Smart Price Ladder" and a "Fairshare Engine" to combat issues like inefficient airdrop farming and unfair distribution often seen in token launches.
The Reset Launch will be in 3 phases. The whitelist eligibility checker opens on June 27th. A select group of whitelist partners pick wallet addresses that will be able to participate in the launch. The Reset Launch begins on June 30th, and then the “Post Reset Launch Campaign” starts on July 1st.
Community Feedback
The eligibility checker was met with a generally positive reception. Social media users who posted about their allocations seemed to be satisfied with their allocations.
The team’s decision to allocate 10% of the total $FRAG supply for the initial airdrop aligns with an earlier sentiment shared by Fragmetric co-founder Sang Kim. In response to a previous estimate suggesting a 5% allocation, Kim had noted that such an amount would be too small.
The Fully Diluted Valuation (FDV) at which $FRAG opens after its July 1st TGE remains to be seen. This is likely to impact the near-term upside of the airdrop and is key to sustaining the positive reception so far. The market’s reaction will serve as an early test of Byreal’s novel fair launch platform and whether it offers a viable model for future token distributions.
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