Do you have a Solana token or meme coin project and want to get it out there? One popular strategy Solana projects uses is to grab a list of wallets holding another token or NFT that might be interested in your new token or meme coin because of their general characteristics and preferences.
A snapshot is a list of holders of a specific token, meme coin, or NFT. It’s a marketing move often paired with other actions like airdrops.
For example, if you have a meme coin and want to boost it, you can take a snapshot of the holders of $CATWIFHAT, get the list of wallets holding that meme coin, and airdrop your new token to those wallets. Since they have a meme coin, they might be interested in investing in your meme coin or at least joining your community, thus increasing your reach.
It’s also helpful in conducting IDOs, whitelists, and any other marketing strategy to increase awareness of your project.
Solana Snapshot Tool Step-by-Step
Thanks to online tools like Snapshot Token Holders from smithii.io, anyone can take a snapshot of the holders of any token or NFT.
- Access Snapshot Solana Token Holders from Smithii’s Tools.
- Connect your wallet to use the software.
- Insert “Token Address” whose holders you want to know.
- Click “Take Snapshot” and confirm the transaction (0.1 SOL).
- Wait a few seconds.
You can copy the holder addresses manually or download them as a CSV file. Then, you’re ready to do your airdrop!
Take a look at this complete guide about how to get a list of Solana token holders by using Solana Token Snaphot Tool
If you want to get a list of holders of an NFT project instead, you can use Snapshot Solana NFT Holders similarly.
Uses of Solana Snapshot Tool
Besides the example of doing airdrops to the holders of a successful project, it is also expected to make a snapshot to give access to a presale or a whitelist. Also, you can use the tool for various functions:
Community Rewards
A snapshot allows us to identify our token holders at a specific moment. This makes it easier to distribute airdrops fairly and accurately. With this information, you can give staking rewards to holders to encourage them not to sell their tokens.
Governance Execution
Snapshots are crucial for fair airdrops and also fundamental for governance votes. You can set up an eligible voter list at a specific moment, allowing you to see who can vote on specific proposals based on token holdings.
Facilitate Future Event Planning
If you want to offer promotions and events that benefit the most loyal token holders, taking a Solana Snapshot will be very useful. This will allow you to implement loyalty programs to reward long-term holders for not selling their tokens.
Conclusion on Solana Snapshot for Token Holders
Taking a snapshot of a token on the Solana network offers several key benefits, including improved project management, increased transparency and trust, and facilitation of the fair distribution of rewards and governance participation.
Plus, our Solana Snapshot Tool is a valuable tool that requires no coding knowledge and is the cheapest and fastest.
