{"id":29909,"date":"2024-04-29T21:14:04","date_gmt":"2024-04-29T21:14:04","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/eigenlayer-announces-token-launch-and-airdrop-for-the-community\/"},"modified":"2024-04-29T21:14:04","modified_gmt":"2024-04-29T21:14:04","slug":"eigenlayer-announces-token-launch-and-airdrop-for-the-community","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/eigenlayer-announces-token-launch-and-airdrop-for-the-community\/","title":{"rendered":"EigenLayer announces token launch and airdrop for the community"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/1697554295234-c6d10b85-89df-4144-9b42-2627e3915b73-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/1697554295234-c6d10b85-89df-4144-9b42-2627e3915b73-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/1697554295234-c6d10b85-89df-4144-9b42-2627e3915b73-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/1697554295234-c6d10b85-89df-4144-9b42-2627e3915b73-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">EigenLayer\u2019s token EIGEN will launch in May, with a total supply of 1.67 billion tokens.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The Eigen Foundation has announced an airdrop for the community, set for May.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">The Eigen Foundation, the non-profit supporting the development of restaking protocol EigenLayer, has announced the launch and distribution of the native token EIGEN.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Alongside the <a href=\"https:\/\/www.blog.eigenlayer.xyz\/eigen\/\" target=\"_blank\" rel=\"noopener\">announcement<\/a> for the token, the foundation and the Eigen Labs team unveiled the EigenLayer whitepaper. The project, which attracted investment from <a href=\"https:\/\/coinjournal.net\/news\/binance-labs-invests-in-eigenlayer-restaking-protocol-renzo\/\">Binance Labs<\/a> and <a href=\"https:\/\/coinjournal.net\/news\/a16z-invests-100-million-in-ethereum-protocol-eigenlayer\/\">a16z<\/a> early this year, has seen tremendous growth in terms of staked Ether (ETH).<\/span><\/p>\n<h2><span style=\"font-weight: 400\">EIGEN token launch and airdrop<\/span><\/h2>\n<p><span style=\"font-weight: 400\">According to today\u2019s announcement, the Eigen Foundation will launch the EIGEN token in May. An airdrop for the community of stakers on EigenLayer will also go live.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The new token is set at a total supply of 1.67 billion, with 45% of the EIGEN tokens allocated to the community.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Today the <a href=\"https:\/\/twitter.com\/eigenfoundation?ref_src=twsrc%5Etfw\">@eigenfoundation<\/a> introduces EIGEN, based on research by <a href=\"https:\/\/twitter.com\/eigen_labs?ref_src=twsrc%5Etfw\">@eigen_labs<\/a>, alongside a Season 1 Stakedrop.<\/p>\n<p>EIGEN is the Universal Intersubjective Work Token, complementing ETH as the Universal Objective Work Token in EigenLayer.<\/p>\n<p>See the full Eigen Foundation announcement: <a href=\"https:\/\/t.co\/ZxswOiwWyR\">https:\/\/t.co\/ZxswOiwWyR<\/a><\/p>\n<p>\u2014 EigenLayer (@eigenlayer) <a href=\"https:\/\/twitter.com\/eigenlayer\/status\/1785001011003920868?ref_src=twsrc%5Etfw\">April 29, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Per the details in a <a href=\"https:\/\/www.blog.eigenlayer.xyz\/eigen\/\" target=\"_blank\" rel=\"noopener\">blog post<\/a> summarizing the distribution, 15% of supply will go to stakedrops, another 15% set aside for community initiatives and a similar amount (15%) allocated to the EigenLayer ecosystem development.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The EIGEN airdrop Season 1 will see the community get a chance to grab a share of 5% of the token supply. This allocation goes to stakedrop participants captured in a snapshot taken on March 15, 2024. Claims for this airdrop begin on May 10, with 90% of the tokens claimable for up to 120 days.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The next batch, which is the remaining 10%, will go live will 30 days after the first phase claim window ends.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, the Eigen Foundation has earmarked 29.5% of supply for investors and 25.5% for early contributors.<\/span><\/p>\n<p><span style=\"font-weight: 400\"> Allocations to investors and early contributors face a 3-year crypto vesting period, with total lockup in year 1. The next two years will include an unlock rate of 4% per month.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/eigenlayer-announces-token-launch-and-airdrop-for-the-community\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) EigenLayer\u2019s token EIGEN will launch in May, with a total supply of 1.67 billion tokens. The Eigen Foundation has announced an airdrop for the community, set for May. The Eigen Foundation, the non-profit supporting the development of restaking protocol EigenLayer, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":29910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29909"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=29909"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/29910"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=29909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=29909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=29909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}