What is Sendit? The NFT Project Powering Solana’s Latest Feature
Most crypto projects share a common goal: to increase blockchain usage and adoption in a secure and decentralized manner. They achieve this through several approaches, such as sending crypto via email, creating modular blockchains to process transactions faster and developing more user-friendly projects.
On the subject of user-friendliness, a new project has emerged to make it easier for users to perform blockchain-related actions. This project is Sendit, a new NFT platform with a native token powering the Blinks ecosystem, which allows users to perform blockchain operations directly on social media apps.
What is Sendit?
Source: thesendcoin.com
Sendit is a new project on the Solana blockchain that aims to become the biggest hub for creating NFTs. The project recently gave away 100,000 free NFTs using Solana Blinks on Twitter, with each NFT also serving as a lottery ticket valued at 6.9 SOL.
As a strong supporter of the Blinks ecosystem, Sendit is a project dedicated to making it easier for users to interact and earn rewards on the Solana network. Additionally, it allows users to perform Solana Actions, which are specific commands or actions that users can carry out on the blockchain, such as sending tokens or buying NFTs.
While the project plans to add features like swapping, creating, developing, and trading assets in the future, it is currently in its early stages and hasn’t launched any concrete products yet. Sendit’s focus is on supporting the ecosystem that Blinks can potentially create in the future, in collaboration with its developers.
History of Sendit
Sendit had its official fundraising launch on July 14th, breaking fundraising records in its stride. The campaign initially aimed to raise 999 SOL but managed to raise an impressive 720,000 SOL, with a valuation exceeding $100 million. This achievement positioned Sendit as the token with the highest-grossing 24-hour trading volume on the Solana blockchain.
What are Blinks?
Blinks are short for “blockchain links”, and they allow users to execute blockchain transactions directly from their social media accounts. It is a breakthrough solution that significantly simplifies the user interface and operation process, thus lowering the technical barrier for participating in blockchain activities such as conducting cryptocurrency transactions, minting new tokens, making donations and tips directly on platforms like X without leaving the platform.
Blink simplifies using the Solana blockchain by converting all actions into shareable links. This allows anyone to easily click and execute transactions. This integration allows users to interact with the blockchain without the need for specialized applications. In essence, Blink creates a way for users to conduct Solana transactions directly from any website that displays URLs, including popular social media platforms.
This feature offers a simplified and convenient way for users to engage with blockchain technology. For example, users can preview wallet transactions directly on a website without accessing a separate app. Blink is also an interactive toolkit for executing instant transactions on platforms like Discord.
How Does Sendit Work?
Sendit’s unique selling point is its ability to harness Blink’s technological capabilities to meet its community’s needs and facilitate increased user adoption. For example, Sendit allows NFT minting and trading directly on X using the Blink feature, thus reducing the complexity of participation while increasing the project’s reach and influence. The project also promotes community growth and participation by providing technical assistance and various incentives, including referral leaderboards and community events.
Recently, Sendit shared over 100 ideas for building on Solana Blinks on its X account. For example, developers could build a Blinks Explorer for users to explore different blinks and their categories, use blinks directly on the Explorer, and sign transactions.
Sendit and Blinks will also facilitate the creation of prediction markets on social media. With X polls as an example, users can bet on sports, predict the outcomes of events, or vote for crypto proposals right from their X feed without being redirected to another website. Additionally, developers can create airdrop eligibility checkers for NFTs and tokens, charging users a small fee to generate revenue.
Moreover, developers can leverage a no-code blinks tool to easily create and publish blinks using existing templates and dApp integrations. This tool will allow users to create forms with input fields and integrated crypto payments, including token/NFT gated forms. Additionally, developers can integrate blinks into apps, allowing activities like minting NFTs, buying/selling floor NFTs, and engaging with NFT marketplaces directly from platforms like Twitter.
Sendit also encourages developers interested in building any of the above ideas to contact the project so it can incubate them.
Sendit Airdrops 100,000 NFTs
On July 3, Sendit launched the Send It series on its X page to support the Blink ecosystem. The series offered a package of 100,000 NFTs, which users could mint by clicking a collect button on the X page, thus leveraging Blink’s capabilities.
Sendit also announced that anyone holding an NFT worth 6.9 SOL would be entered into a lottery and stand a chance to receive additional airdrop rewards. Once the NFTs were minted and sold out, Sendit shared a Blink-enabled link, allowing users to trade and directly purchase the NFTs, even though they could no longer mint new ones.
How to use Sendit
Users can use the SEND test version on the Backpack wallet for desktops to interact with Blinks on the Solana network. After accessing the Backpack wallet, users should navigate to settings, choose the Solana network, and enable Solana Action. Once this is done, Blinks is ready for use.
When users receive tokens, the wallet automatically creates an account to store the tokens and pay the rental fee. If the token balance drops to zero, wallet holders can close the empty account to reclaim the rental fee and increase their investment returns.
Users can interact with Blinks differently, such as in social media posts, websites, or direct messaging apps. Clicking on the link initiates the process, and users accumulate assets from this activity.
It’s important to constantly verify links and ensure all information is accurate and trustworthy. Users are advised to check the interface, which displays all the necessary information about the transaction the link intends to initiate.
Users may also need to connect their Solana wallet to continue depending on the link and transaction type. After the Solana validator processes the transaction, a notification will be sent to the user.
What is SEND?
SEND is the native token of the Sendit project, and it powers the Blinks ecosystem on Solana.
SEND Tokenomics
Source: X
SEND has a total supply of 1 billion tokens. The token was distributed as follows:
- 25% was allocated to community airdrops
- 15% went to early supporters
- 10% was allotted to the initial liquidity pool
- 15% was distributed to core contributors
- 35% was reserved for the treasury and ecosystem development
News on SEND
On July 25th, 2024, Sendit tweeted an update for Sendit holders, announcing that instead of burning their “Sendit NFTs,” they can now directly claim their airdrop through streamflow finance’s blinks. Using the blinks, users can claim all their SEND tokens at once for the number of NFTs held instead of manually burning them individually.
However, users who listed their NFTs on marketplaces like Tensor/Magic Eden will not be eligible for the airdrop claim, as the respective marketplace address holds the NFTs.
Is Send a Good Investment?
Sendit powers an innovative solution, Blinks, which converts complex crypto transactions into interactive elements that make blockchain usage and adoption easier. However, it is important to note that the crypto market is very volatile. As such, it is best to conduct extensive research and consult qualified financial personnel before investing in any crypto project.
Useful References
For the latest updates about Sendit, you can visit:
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What is Sendit? The NFT Project Powering Solana’s Latest Feature
What is Sendit?
What are Blinks?
How Does Sendit Work?
What is SEND?
News on SEND
Is Send a Good Investment?
Useful References
Most crypto projects share a common goal: to increase blockchain usage and adoption in a secure and decentralized manner. They achieve this through several approaches, such as sending crypto via email, creating modular blockchains to process transactions faster and developing more user-friendly projects.
On the subject of user-friendliness, a new project has emerged to make it easier for users to perform blockchain-related actions. This project is Sendit, a new NFT platform with a native token powering the Blinks ecosystem, which allows users to perform blockchain operations directly on social media apps.
What is Sendit?
Source: thesendcoin.com
Sendit is a new project on the Solana blockchain that aims to become the biggest hub for creating NFTs. The project recently gave away 100,000 free NFTs using Solana Blinks on Twitter, with each NFT also serving as a lottery ticket valued at 6.9 SOL.
As a strong supporter of the Blinks ecosystem, Sendit is a project dedicated to making it easier for users to interact and earn rewards on the Solana network. Additionally, it allows users to perform Solana Actions, which are specific commands or actions that users can carry out on the blockchain, such as sending tokens or buying NFTs.
While the project plans to add features like swapping, creating, developing, and trading assets in the future, it is currently in its early stages and hasn’t launched any concrete products yet. Sendit’s focus is on supporting the ecosystem that Blinks can potentially create in the future, in collaboration with its developers.
History of Sendit
Sendit had its official fundraising launch on July 14th, breaking fundraising records in its stride. The campaign initially aimed to raise 999 SOL but managed to raise an impressive 720,000 SOL, with a valuation exceeding $100 million. This achievement positioned Sendit as the token with the highest-grossing 24-hour trading volume on the Solana blockchain.
What are Blinks?
Blinks are short for “blockchain links”, and they allow users to execute blockchain transactions directly from their social media accounts. It is a breakthrough solution that significantly simplifies the user interface and operation process, thus lowering the technical barrier for participating in blockchain activities such as conducting cryptocurrency transactions, minting new tokens, making donations and tips directly on platforms like X without leaving the platform.
Blink simplifies using the Solana blockchain by converting all actions into shareable links. This allows anyone to easily click and execute transactions. This integration allows users to interact with the blockchain without the need for specialized applications. In essence, Blink creates a way for users to conduct Solana transactions directly from any website that displays URLs, including popular social media platforms.
This feature offers a simplified and convenient way for users to engage with blockchain technology. For example, users can preview wallet transactions directly on a website without accessing a separate app. Blink is also an interactive toolkit for executing instant transactions on platforms like Discord.
How Does Sendit Work?
Sendit’s unique selling point is its ability to harness Blink’s technological capabilities to meet its community’s needs and facilitate increased user adoption. For example, Sendit allows NFT minting and trading directly on X using the Blink feature, thus reducing the complexity of participation while increasing the project’s reach and influence. The project also promotes community growth and participation by providing technical assistance and various incentives, including referral leaderboards and community events.
Recently, Sendit shared over 100 ideas for building on Solana Blinks on its X account. For example, developers could build a Blinks Explorer for users to explore different blinks and their categories, use blinks directly on the Explorer, and sign transactions.
Sendit and Blinks will also facilitate the creation of prediction markets on social media. With X polls as an example, users can bet on sports, predict the outcomes of events, or vote for crypto proposals right from their X feed without being redirected to another website. Additionally, developers can create airdrop eligibility checkers for NFTs and tokens, charging users a small fee to generate revenue.
Moreover, developers can leverage a no-code blinks tool to easily create and publish blinks using existing templates and dApp integrations. This tool will allow users to create forms with input fields and integrated crypto payments, including token/NFT gated forms. Additionally, developers can integrate blinks into apps, allowing activities like minting NFTs, buying/selling floor NFTs, and engaging with NFT marketplaces directly from platforms like Twitter.
Sendit also encourages developers interested in building any of the above ideas to contact the project so it can incubate them.
Sendit Airdrops 100,000 NFTs
On July 3, Sendit launched the Send It series on its X page to support the Blink ecosystem. The series offered a package of 100,000 NFTs, which users could mint by clicking a collect button on the X page, thus leveraging Blink’s capabilities.
Sendit also announced that anyone holding an NFT worth 6.9 SOL would be entered into a lottery and stand a chance to receive additional airdrop rewards. Once the NFTs were minted and sold out, Sendit shared a Blink-enabled link, allowing users to trade and directly purchase the NFTs, even though they could no longer mint new ones.
How to use Sendit
Users can use the SEND test version on the Backpack wallet for desktops to interact with Blinks on the Solana network. After accessing the Backpack wallet, users should navigate to settings, choose the Solana network, and enable Solana Action. Once this is done, Blinks is ready for use.
When users receive tokens, the wallet automatically creates an account to store the tokens and pay the rental fee. If the token balance drops to zero, wallet holders can close the empty account to reclaim the rental fee and increase their investment returns.
Users can interact with Blinks differently, such as in social media posts, websites, or direct messaging apps. Clicking on the link initiates the process, and users accumulate assets from this activity.
It’s important to constantly verify links and ensure all information is accurate and trustworthy. Users are advised to check the interface, which displays all the necessary information about the transaction the link intends to initiate.
Users may also need to connect their Solana wallet to continue depending on the link and transaction type. After the Solana validator processes the transaction, a notification will be sent to the user.
What is SEND?
SEND is the native token of the Sendit project, and it powers the Blinks ecosystem on Solana.
SEND Tokenomics
Source: X
SEND has a total supply of 1 billion tokens. The token was distributed as follows:
- 25% was allocated to community airdrops
- 15% went to early supporters
- 10% was allotted to the initial liquidity pool
- 15% was distributed to core contributors
- 35% was reserved for the treasury and ecosystem development
News on SEND
On July 25th, 2024, Sendit tweeted an update for Sendit holders, announcing that instead of burning their “Sendit NFTs,” they can now directly claim their airdrop through streamflow finance’s blinks. Using the blinks, users can claim all their SEND tokens at once for the number of NFTs held instead of manually burning them individually.
However, users who listed their NFTs on marketplaces like Tensor/Magic Eden will not be eligible for the airdrop claim, as the respective marketplace address holds the NFTs.
Is Send a Good Investment?
Sendit powers an innovative solution, Blinks, which converts complex crypto transactions into interactive elements that make blockchain usage and adoption easier. However, it is important to note that the crypto market is very volatile. As such, it is best to conduct extensive research and consult qualified financial personnel before investing in any crypto project.
Useful References
For the latest updates about Sendit, you can visit:
Related articles
What Is Ethereum 2.0? Understanding The Merge
What Is a Cold Wallet？