Farcaster Clarifies It Has No Plans to Issue Protocol Token

GateNews

2026-04-15 02:01:47

Gate News message, April 15 — Farcaster officially stated that the protocol currently has no plans to launch a token. Recent discussions about a “Farcaster token” actually relate to Hypersnap, a forked project built on the Farcaster protocol, whose team named its token “Farcaster Token,” causing confusion among some users.

The official statement emphasized that there is no protocol token airdrop on the current network. The speculation has attracted a large number of bots, airdrop farmers, and scam accounts, negatively impacting user experience.

Farcaster called on the community to focus on protocol development itself and avoid baseless speculation.

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