EigenLayer, the popular protocol, has released details about its highly anticipated airdrop, bringing clarity to investors. With the crypto markets showing positive trends, the protocol’s token holds great promise. Airdrops, along with mass listings, typically result in significant valuations for tokens associated with reputable projects.
The EigenLayer airdrop is scheduled for May and will distribute 15% of the token supply to stakers. The airdrop will be facilitated by the Eigen Foundation, as there is currently no alternative method for issuing tokens due to the SEC’s actions against the Ethereum Foundation. Here are some important details:
Token entitlements can be claimed from the Foundation’s website on May 10th.
The initial supply of the token will be 1.67 billion.
The Foundation has reserved 45% of the tokens for its own community.
Stakers, community initiatives, and ecosystem development will each receive an equal share of 15% of the token supply.
Investors will be allocated 29.5% of the tokens, while early adopters of the protocol will receive 25.5%. There will be a three-year lock-up period, with the first year fully locked. Over the next two years, a monthly unlocking of 4% will occur.
A comprehensive whitepaper has been published, providing insights into the Eigen token’s structure and its integration within the EigenLayer ecosystem.
Once the Eigen token is launched, users will have the opportunity to stake the token and secure a data availability layer known as EigenDA.
Disclaimer: The information presented in this article should not be considered as investment advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and should conduct thorough research on their own.