Registering Solana Name Service Tokens

I have been using Solana a good amount lately, namely for Angry Bunny Club (have 19 bunnies now). I decided to see if there was an equivalent of the Ethereum Name Service (ENS) but for Solana and found the Solana Name Service (SNS) from Bonfida. SNS is not nearly as mature as ENS, and has a whole different process for buying. You cannot just buy your preferred name, but instead have to start a 3-day auction that anyone can bid on and the winner gets it. So, I started auctions for thingelstad.sol, jamiethingelstad.sol, and weeklything.sol.

To bid on the domains you have to use FIDA tokens, not regular SOL. The minimum bid is about 2.75 FIDA, or about $20 USD. The SNS tokens are permanent so you do not have to pay a fee once you own them. And similar to ENS, they are implemented as tokens that you can send to another wallet if you want.

Getting FIDA in my wallet was much harder than I expected. There was a utility on the site that claimed to do it easily but it didn’t work. I found two exchanges that had it but they didn’t allow US citizens. Finally I found Gate.io which is a pure crypto exchange that I was able to setup an account on, transfer SOL in, buy FIDA, and get it out. Very, very painfully though.

Today the auctions ended and my 3 FIDA bids were not challenged. So, I now have three SNS tokens. The specification is still very vague on what you can do with it. When you claim the auction you have to specify how much space you want for the token. I decided to buy 7 kb of data that can be stored with each. The minimum was 1 kb and maximum was 10 kb. No idea how much I will really want. Essentially, I’m assuming my “zone file” for Solana will be smaller than 7 kb. Seems like a safe assumption. Solscan has a special tab to show my domains.

Jamie Thingelstad @jthingelstad

This work by Jamie Thingelstad
is licensed under a Creative Commons
Attribution-ShareAlike 4.0 International License
.

πŸ‘¨β€πŸ’»