Bittime - The crypto world is back in full swing with EigenLayer, an Ethereum restaking protocol that recently announced plans to airdrop their EIGEN tokens. Initially, the plan drew a lot of criticism from the crypto community. In response to this, the Eigen Foundation also took swift steps!
Eigen Foundation Adds Free Token Ration
In the initial announcement, the Eigen Foundation plans to share EIGEN tokens via airdrop. However, the distribution scheme is considered unfair because it favors large numbers of crypto asset owners ("whales"). In addition, the complicated documentation leaves many users confused.
In response to the criticism, the Eigen Foundation on Thursday (3/5) announced a change of plans. They will increase the free EIGEN token allocation by 100 tokens to more than 280,000 users.
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Total Free Token Allocation Reaches Rp 2.8 Trillion!
The total value of free tokens distributed by the Eigen Foundation is fantastic, which is around Rp 2.8 trillion! This decision was taken to expand EIGEN's distribution and improve access for early adopters.
EIGEN Price Soars Despite Not Officially Launched
Interestingly, although not yet officially launched, the EIGEN token can now be traded on the decentralized crypto exchange Aevo at a price of around Rp 100 thousand per token. This makes EigenLayer's estimated valuation reach Rp 234 trillion, higher than Avalanche (Rp 212 trillion) but still below Dogecoin (Rp 278 trillion).
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Eigen Foundation Guarantees Security and Transparency
In addition to increasing the allocation of free tokens, the Eigen Foundation also provided clarification regarding EIGEN transfer restrictions. These tokens can only be transferred after September 30, 2024, along with the implementation of certain features. These restrictions aim to protect users and increase community participation in the development of EigenLayer.
EigenLayer Promises to Listen to User Feedback
The Eigen Foundation's move to increase token allocation and provide clarification is expected to ease tensions with the crypto community. They promise to continue listening to user feedback and strive to build a transparent and fair ecosystem.
Conclusion
The EigenLayer case is an important lesson for other crypto projects. Airdrop plans that are not transparent and seem to prioritize "whales" can have a bad impact on the image of the project.
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How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
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.
Learn the Complete Guide on How to Buy Crypto on Bittime.
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.
Also read:
Counting the launch day of the EigenLayer (EIGEN) token on May 10
Sun Yuchen Receives Largest EIGEN Airdrop: Holds 3,559,570 EIGEN
Ethereum Transactions Surge Despite Price Slump
SEC Sues Terra (LUNA) Developer for IDR 77 Trillion, Do Kwon Cs: "Baseless Allegations"
ZKasino fraud case suspect arrested, 11.4 million euros in assets seized!
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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