Token

EigenLayer

DeFi

Coin

<ul class="news-points"> 
 <li>The $15B valued DeFi EigenLayer launches its EIGEN token airdrop today.&nbsp;</li> 
 <li>However, due to regulations, EigenLayer excluded users from the U.S. and China.</li> 
 <li>Analysts criticized the lack of transparency as early supporters are blocked from the airdrop.</li> 
</ul> 
EigenLayer, a $15 billion valued <a href="https://coinedition.com/what-is-defi-lets-understand-decentralized-finance/" target="_blank" rel="noreferrer noopener">decentralized finance (DeFi)</a> protocol, is stirring both excitement and controversy in the crypto scene with its upcoming token launch. The project is set to distribute its highly anticipated EIGEN token via an airdrop starting Friday.&nbsp; 
However, the excitement about the free token distribution is marred by controversy due to <a href="https://www.bnnbloomberg.ca/crypto-s-15-billion-eigenlayer-project-snubs-us-china-in-divisive-token-launch-1.2071377" target="_blank" rel="noreferrer noopener nofollow">the exclusion</a> of users from the U.S., China, and other regions. Eigen Labs, the brains behind EigenLayer, cited regulatory uncertainties in the restriction posed to users from the U.S. and China. 
Expectedly, the decision has <a href="https://coinedition.com/ran-neuner-criticizes-eigenlayers-token-distribution-strategy/" target="_blank" rel="noreferrer noopener">drawn criticism from within the crypto community.</a> Kunal Goel, an analyst at Messari, noted that the promise of the EIGEN token airdrop has been the primary incentive for users to invest in the service.&nbsp; 
Given the new restriction, Goel lamented that many early supporters will be ineligible to claim their tokens. The restrictions even dis…
The post <a href="https://coinedition.com/eigenlayers-15b-token-launch-sparks-division-for-excluding-us-china/">EigenLayer’s $15B Token Launch Sparks Division for Excluding US, China</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

EigenLayer’s $15B Token Launch Sparks Division for Excluding US, China

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