Token

<ul class="news-points">
 <li>Ran Neuner criticized EigenLayer as a potential “VC scam.”</li>
 <li>EigenLayer’s Whitepaper reveals allocations for airdrops, community initiatives, ecosystem development, and initial investors.</li>
 <li>Despite recent protocol updates, Neuner remains skeptical.</li>
</ul>
Ran Neuner, host of CNBC’s “Crypto Trader” and founder of Crypto Banter, recently criticized the Ethereum-based <a href="https://coinedition.com/5-of-staked-eth-is-now-controlled-by-liquid-restaking-protocols/" target="_blank" rel="noopener noreferrer nofollow">Liquid re-staking protocol</a> EigenLayer, labeling it a potential “VC scam.” Neuner made his stance known through an X post, <a href="https://x.com/cryptomanran/status/1785187336457752883" target="_blank" rel="noopener noreferrer nofollow">stating</a> that the project is “a scheme where VC insiders fleece retail investors again.”&nbsp;
Neuner’s statements followed Eigen’s launch of its Whitepaper on April 29. The re-staking protocol revealed plans to issue 1.67 billion EIGEN tokens. Per its whitepaper, Eigen will distribute 15% of the tokens for airdrops and allocate another 15% for community initiatives. In addition, it targets 15% for ecosystem development and 29.5% for the initial token investors.
The protocol also disclosed that it would reward early contributors with 25.5% of the total token supply. These tokens, however, will be locked up for three years. The lockup includes a complete freeze in the first year, …
The post <a href="https://coinedition.com/ran-neuner-criticizes-eigenlayers-token-distribution-strategy/" rel="noopener noreferrer nofollow">Ran Neuner Criticizes EigenLayer’s Token Distribution Strategy</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ran Neuner Criticizes EigenLayer’s Token Distribution Strategy

Coin Edition

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