Ethereum

Token

EigenLayer

<p><strong>In this article, we explore the latest announcement from </strong><a href="https://cryptoticker.io/en/eigenlayer-and-eigenda-debut-on-ethereum"><strong>EigenLayer</strong></a><strong> about its upcoming token airdrop. This significant development includes a substantial allocation to those actively participating within its ecosystem. Let’s dive into the details of the distribution and the features of this new token.</strong></p>
<h2 id="strong-token-distribution-plan-strong"><strong>Token Distribution Plan</strong></h2>
<p>EigenLayer, known for its innovative restaking protocol, is set to introduce its native token in May. The independent Eigen Foundation, a non-profit entity, will oversee the release of these tokens. With a total supply set at 1.67 billion tokens, the foundation has earmarked a considerable portion for the community and other stakeholders.</p>
<p>Of the total supply, 45% is allocated to various community-focused initiatives:</p>
<ul>
 <li><strong>Stakedrops</strong>: 15% will be given to users through a mechanism known as stakedrops, rewarding those who stake their tokens on the platform.</li>
 <li><strong>Community Initiatives</strong>: Another 15% supports various community-led projects.</li>
 <li><strong>Ecosystem Development</strong>: The remaining 15% aims to foster broader ecosystem growth.</li>
</ul>
<p>Investors and early contributors to EigenLayer are also recognized, receiving 29.5% and 25.5% of the tokens, respectively. These allocations come with a three-year lockup period, including a complete lock during the first year, followed by a gradual monthly release of 4% over the next two years.</p>
<h2 id="strong-airdrop-details-and-eligibility-strong"><strong>Airdrop Details and Eligibility</strong></h2>
<p>The <a href="https://cryptoticker.io/en/eigenlayer-and-eigenda-debut-on-ethereum">community airdrop</a>, playfully termed a 'stakedrop', is designed to distribute 15% of the token supply across several seasons to those engaged on the platform. The initial 5% will be based on a snapshot of staking activities as of March 15, 2024. Most of these tokens (90%) will become claimable on May 10 for eligible participants, with a claim window lasting 120 days. The remaining 10% will be available in a subsequent phase.</p>
<h2 id="strong-restaking-and-token-utility-strong"><strong>Restaking and Token Utility</strong></h2>
<p>EigenLayer enables users to deposit and restake ether from various liquid staking tokens. Since its inception, a staggering $16 billion in ether has been staked on the platform. The tokens, initially non-transferable post-claim, will later be stakable to secure EigenLayer’s data availability layer, EigenDA, and potentially other Autonomous Validation Services (AVSs) in the future.</p>
<h2 id="strong-introducing-intersubjective-forking-strong"><strong>Introducing Intersubjective Forking</strong></h2>
<p>In addition to the token release, EigenLayer is pioneering a new concept called intersubjective forking. This mechanism addresses hidden malicious behaviors, such as data withholding, which are hard to detect immediately on-chain. It represents a shift in strategy from the conventional slashing penalties imposed for identifiable on-chain faults, aiming to reduce the burden on Ethereum validators.</p>
<p>The introduction of EigenLayer’s native token and its innovative intersubjective forking concept marks a significant step forward in the evolution of crypto-economic security systems. With its community-first approach and robust ecosystem participation incentives, EigenLayer is setting a new standard in the blockchain space.</p>

EigenLayer Announces Airdrop for New Native Token

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