Bittime - EigenLayer has taken a significant step by releasing a whitepaper for its native token, EIGEN. This 43-page document not only outlines the token structure but also marks the beginning of the distribution regulated by the Eigen Foundation. With a total supply of 1.67 billion tokens, the distribution is designed to strengthen the growing community and ecosystem.
EIGEN Token Allocation
As much as 45% of EIGEN tokens are allocated to the foundation's community, while stakedrops, community initiatives, and ecosystem development get a 15% allocation each. Early investors will receive almost 30%, and early contributors will get 25.5%.
The main focus of the first season is on users who have staked directly with EigenLayer and those involved through Liquired Restaking Tokens.
Then in the second phase, 10% of the tokens are given to individuals who interact with EigenLayer in a more complex way, demonstrating the flexibility and adaptability of this protocol to the needs of its users.
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EIGEN Token Function
EIGEN, which functions complementary to ETH, introduced the concept of intersubjective error pruning, a step forward towards an Open Verification Digital Commons. The token is designed to address the challenges of universality, isolation, metering, and compensation in the digital ecosystem.
The token airdrop claims will begin on May 10, but initial trading on the market will not occur until June. Founder Sreeram Kannan has confirmed that the team has carefully prepared for the launch of this token airdrop.
EigenLayer Funding
With a crypto-security-focused approach, EigenLayer has attracted prominent investors with an influx of $100 million from a16z in February, following an initial 2023 fundraiser of $50 million. This demonstrates the strong trust of the community and investors in EigenLayer's vision and potential in advancing the crypto ecosystem.
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To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.
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Monitor the price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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