Less Fn Gas Solana system airdrops 40% of total token supply to Ethereum users

A new Solana project called “Less Fn Gas” caught the attention of the crypto community on Twitter earlier this week, when it launched an airdrop of 40% of the LFG token supply to Ethereum users.
That's the plan to attract more Ethereum users to Solana, a network that has lower transaction gas fees.
Even though the market capitalization at one point skyrocketed to $129 million and then dropped to around $25 million as the hype began to fade, the LFG development team didn't stop.
They are currently planning a second airdrop, which will be more inclusive than the first airdrop, and establishing a funding program for Ethereum developers who migrate to Solana.
More than 50,000 ETH users received the LFG airdrop within the first 24 hours of the token's launch on Monday.
Wormhole, the popular bridge between Ethereum and Solana, reached $35 million in volume on the day, seeing strong growth for the first time since memecoin Solana began cooling off last week.
However, LFG prices quickly cooled and have fallen about 80% from their peak on Tuesday.
LFG price chart | Source: TradingView
One of the developers behind LFG, who goes by the pseudonym Bobby Axelrod, says he has been talking to senior members of the Solana community about building a project to bring Ethereum users to Solana.
The project has attracted the attention of several key leaders from the Solana community, including Multicoin Capital founder Kyle Salmani and even Solana co-founder Anatoly Ykovenko.
Unfortunately, scammers also noticed the rapid spike in token prices and proceeded to profit from this by posting scam links in replies to tweets about the project. They tricked Nest Wallet CEO and co-founder Bill Lou, who fell victim to a wallet withdrawal scam, into losing $125,000 worth of ETH.
However, the above incident did not reduce the heat of the airdrop on the social network Twitter (X).
Trader Deeze announced receipt of its airdrop, and trader 0xQuit posted information about a brief security audit in which the token contract was declared safe.
Developer Axelrod also spoke about what's next for LFG.
According to him, this is airdrop season so there will be more airdrops. The first batch is limited to Ethereum wallets that have spent more than $4,269 in gas fees in the past 12 months. The next campaign will target a broader audience, with users only having to spend $1,000 in gas fees to qualify.
Additionally, LFG will airdrop tokens to several additional groups, including developers on Ethereum who have deployed smart contracts, users who have interacted with Solana protocols, and those who provide token liquidity. LFG.
Axelrod said the LFG project is also now focused on bringing Ethereum developers to Solana, revealing that: “The majority of the second airdrop will go towards those who have deployed contracts on Ethereum.”
Developer LFG added that Less Fn Gas also plans to use part of its funds to start a decentralized funding program. Ethereum developers will be able to apply for funding in LFG, to build on Solana.
Although it has fallen far from its peak, with support from many prominent figures of the Solana ecosystem, the project may still have a lot of growth ahead.