The Eigen Foundation Announces Season 1 Airdrop Claims Process for EigenLayer Protocol🚀
The Eigen Foundation, an independent non-profit, has initiated the Season 1 airdrop claims process for its restaking protocol EigenLayer, marking a significant milestone for the community.
Justin Sun Receives $30 Million Worth of EIGEN Tokens💰
- Community members discovered that Justin Sun, the founder of the TRON network, acquired approximately 3.62 million EIGEN tokens across four addresses.
- At the current market rate of $8 per token on decentralized exchanges like Aevo, Sun’s EIGEN holdings are estimated at $30 million.
- The EIGEN token is expected to have an initial market capitalization of around $800 million and a fully diluted valuation of $16 billion.
An insightful data analyst, Jonaso, pointed out that Justin utilized his 665,000 $ETH (valued at $1.9 billion) to stake in various platforms, including EigenLayer, Swell, Puffer, Lido, and Etherfi.
Foundation Addressing Concerns About Early Dumping🛑
- The Foundation has addressed concerns about potential early dumping of EIGEN tokens by making them nontransferable at present.
- This move prevents early claimers of the airdrop from selling off their tokens prematurely.
The Eigen Foundation made a commitment to enable EIGEN token transfers once new features are integrated, with the implementation targeted for completion by September 30. The claim process deadline is set for September 7, after which unclaimed tokens will not be distributed.
Upcoming Season 2 Airdrop and User Distribution🔄
- EigenLayer plans to allocate 15% of its total token supply of 1.6 billion to users, emphasizing fair distribution across the community.
- Following the initial airdrop controversies, a second phase of Season 2 airdrop is scheduled for mid-June, distributing 0.7% to eligible participants.
- Popular yield farming app users, including those of Pendle, Kelp, and Equilibrium, are among the targeted recipients in Season 2.
Despite these efforts, the project has excluded numerous individuals from the airdrop across more than 30 countries, including China, the US, and Canada. Additionally, VPN users have been barred from claiming the airdrop, reflecting the project’s commitment to fair distribution.
About EigenLayer and Stakeholder Benefits🔒
- EigenLayer is a groundbreaking platform that enables users to re-stake their Ethereum to enhance the security of third-party networks and validated services.
- Since its inception, the crypto community has embraced EigenLayer, staking an impressive $15 billion worth of ETH on the platform, showcasing widespread adoption and trust in the protocol.
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