Recently, EigenLayer released information about an upcoming airdrop, providing clarity for investors. The token from this renowned staking protocol is gaining attention in the cryptocurrency market. Airdrops and listings often lead to increased token valuations for projects like EigenLayer.
The airdrop is set to take place in May, with 15% of the token supply being distributed to stakers. The Eigen Foundation will oversee this distribution. Despite potential risks associated with regulatory actions, the protocol has no other option for token issuance. Here are some important specifics:
- Token claims can be made on the Foundation's website starting on May 10th.
- The initial token supply will be 1.67 billion tokens.
- The Eigen Foundation has allocated 45% of tokens to its community.
- The remaining 45% of tokens will be divided equally among stakers, community projects, and ecosystem development.
- Investors will receive 29.5% of tokens, while early protocol adopters will get 25.5%. A three-year lock-up period has been set, with the first year being fully locked and subsequent monthly releases of 4% over two years.
- A whitepaper detailing the Eigen token structure and its integration into the EigenLayer ecosystem has been published.
- Upon token launch, users can stake Eigen to support EigenDA, a data availability layer within the ecosystem.
This post was originally published on COINTURK NEWS: EigenLayer Announces Upcoming Airdrop Details.
