The Launch of EigenLayer’s Native Token and Community Airdrop in May
Get ready for the upcoming launch of EigenLayer’s native token, accompanied by a generous airdrop for loyal platform stakers. Here’s what you need to know about this exciting development in the crypto world:
- EigenLayer’s newly formed non-profit, Eigen Foundation, will be overseeing the release of the Eigen token.
- The total token supply at launch is set at 1.67 billion tokens.
- 45% of tokens have been allocated to the community, with 15% for stakedrops, 15% for community initiatives, and 15% for ecosystem development.
The Token Distribution Breakdown
Let’s dive deeper into how tokens will be distributed among different stakeholders:
- 29.5% of tokens are allocated to investors.
- Early contributors will receive 25.5% of the tokens.
- Both investors and early contributors will be subject to a three-year lockup period for their allocations.
EigenLayer: A Platform Overview
Discover EigenLayer, a platform that enables users to deposit and “re-stake” ether from various liquid staking tokens to support third-party networks or validated services:
- Since its launch in June, $16 billion worth of ether has been staked on EigenLayer.
- The platform recently released a whitepaper detailing the Eigen token’s structure and its integration within the EigenLayer ecosystem.
The EigenLayer Community Airdrop
Prepare to participate in EigenLayer’s community airdrop, known as a stakedrop, where 15% of the token supply will be distributed to loyal stakers:
- The first season will distribute 5% of tokens based on a March 15, 2024 staking snapshot.
- Eligible restakers can claim 90% of tokens on May 10, with a 120-day claim window; the remaining 10% will be claimable in a subsequent phase.
- Token distribution is based on staked ether amount, duration of stake, and additional rewards for native restaking.
As the token claims begin, tokens will initially be non-transferable to promote decentralization and community consensus on token utility and governance.
Introducing ‘Intersubjective Forking’ by EigenLayer
Learn about EigenLayer’s introduction of ‘intersubjective forking,’ a new crypto-economic security system designed to complement ether restaking:
- ‘Intersubjective forking’ addresses intersubjective faults like data withholding in oracles built on EigenLayer.
- This mechanism differs from slashing ETH restakers for objectively identifiable on-chain behavior, reducing the burden on Ethereum validators.
Hot Take: Dont Miss Out on the EigenLayer Airdrop and New Token Launch!
Secure your spot in the upcoming EigenLayer airdrop and token launch to maximize your rewards and support the platform’s growth. Stay informed about EigenLayer’s latest developments in the crypto space!
Theon Barrett shines as a distinguished crypto analyst, accomplished researcher, and skilled editor, making significant strides in the field of cryptocurrency. With an astute analytical approach, Theon brings clarity to intricate crypto landscapes, offering insights that resonate with a broad audience. His research prowess goes hand in hand with his editorial finesse, allowing him to distill complex information into accessible formats.