SEND Project Introduction Clearly States: SEND will be a community token to support Solana’s Blink ecosystem. Will this relationship replicate the success of Farcaster and $DEGEN? This speculation has sparked community FOMO, as 100,000 NFTs from the SEND project were quickly swept away.
(Previous Summary:
Detailed explanation of Solana’s latest Blink feature: Is it really a killer application as imagined by the community?
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(Background Supplement:
Solana introduces “Blinks” for seamless transactions with cryptocurrencies, authorizing Phantom and Backpack wallet tutorials.
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Table of Contents
SEND Operation Gains Attention
I haven’t even started researching, how did you come up with all these use cases?
100,000 NFTs, FOMO swept through
From the community, to the community
Two weeks ago, Solana’s Blink became popular. It allows direct integration of on-chain functionalities on Twitter, enabling various actions such as swaps, mints, and donations with just one click on a tweet. However, Blink at that time only showcased “what it can do,” while leaving “how to do it” open for the community and developers to explore.
Therefore, it is necessary to pay attention to the new projects revolving around Blink.
With lightning speed, just a few days after Blink was released, an account named SEND (@thesendcoin) seemed to have prepared fully, showcasing over 50 use cases that can be done with Blink through detailed, vivid, and realistic descriptions.
What’s even more coincidental is that Blink was officially released on the 25th, and the official SEND account had been hinting since the 24th, saying, “This week Solana has a big move, don’t blink, send it.”
They might as well have written on their face that they knew about Blink a long time ago.
Another point that cannot be ignored is that Toly, the founder of Solana, currently has a pinned tweet from the SEND team presenting another 100 use cases for Blinks, openly promoting the project. Combined with SEND’s prophetic posts, it is hard not to associate it with official support.
You may not know, but a week ago, SEND directly introduced the ability to mint NFTs through a Twitter button. NFT holders are entitled to receive subsequent $SEND token airdrops.
The introduction of the SEND project clearly states that SEND will be a community token to support Solana’s Blink ecosystem.
Do you remember how Warpcast itself didn’t have its own token, but it incubated community meme coins like DEGEN?
SEND wants to support the Blink ecosystem, so they created a sample themselves while also creating a speculative FOMO.
On July 3rd, SEND directly posted on X and released 100,000 Send It series NFTs, which can be minted directly on the X page by clicking the Collect button through Blink’s functionality.
With the support of Phantom wallet’s “Allow ACTION on X.com” (supporting Blink’s technical framework) feature, you can easily mint this NFT directly.
At the same time, SEND officially stated that each NFT holder will have the opportunity to participate in a lottery with a prize of 6.9 SOL. They will also receive more undisclosed airdrop rewards.
Considering that the SEND project also has its own “community coin $SEND,” it is likely that these undisclosed airdrops are referring to the $SEND token itself.
Several crucial elements are combined, naturally igniting FOMO sentiment. The Send It NFTs were quickly snatched up, and at the time of writing, the floor price of the series on Tensor is around 0.42 SOL.
Clearly, the SEND team knows how to create a stir. After the NFTs were minted, they posted a link with Blink functionality, indicating that minting is no longer possible, but you can still trade it, allowing users to purchase the NFT with just one click.
At this moment, Send It has even more speculative meaning, and its implied meaning may skyrocket the floor price of the NFT.
With technology, use cases, and the ability to play around, SEND, revolving around Blink, indeed reminds people of the time when Warpcaster was hot, and meme coins like DEGEN emerged from the applications.
The current SEND website is very simple and does not reveal more details about the token or the underlying organization. However, from the purpose of the project and the showcased use cases, it is more focused on serving the future ecosystem that can be built with Blink and its developers.
In the lengthy tweet mentioned earlier that listed over 100 Blink use cases, SEND explicitly stated that they welcome other developers to implement similar use cases and actively communicate with them.
This is essentially saying, “I have the ability to make a difference myself, and I welcome more developers to build the Blink ecosystem together.”
Those who have been in the crypto community for a long time know that it is difficult to stand out with just courage and excellent technology in limited and disloyal attention. No matter what you do, you should leave room for imagination related to tokens.
SEND clearly embodies this characteristic. It is not only about technical development and ecosystem support but also has its own token, $SEND, which is already deeply rooted in the community.
Although the specific partnership model has not been announced, we can boldly imagine that the projects collaborating with SEND to develop Blink use cases may receive rewards in SEND tokens. And the users who utilize these use cases may also receive rewards in SEND tokens.
This is similar to the creation of tokens like DEGEN, CAST, and MEME in Farcaster or Warpcaster, where:
All tokens are the best rewards for early ecosystem builders and participants.
However, the development of DEGEN and other meme coins was driven by user activity, where users received tokens simply by being active. The approach taken by SEND seems to be working on both ends—supporting Blink developers and Blink users—with the possibility of earning SEND tokens.
From the community, to the community.
People do not dislike the creation of a token out of thin air; what they dislike is not being able to benefit from it.
By leveraging this psychology, SEND’s model can certainly continue and generate network effects as more people use Blink and share their airdrop experiences.
However, with Farcaster’s record-breaking daily active users and the instant popularity of the TON ecosystem’s black-and-white dogs, it is difficult to predict who will be short-lived and who will have the last laugh.
But one thing we know is that whoever pleases the community will have liquidity and attention.
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