Eigen Foundation Launches EIGEN Token with $30bn FDV, Includes EigenLayer and EigenDA

Apr 29, 2024, 05:09 PM

The Eigen Foundation has announced the launch of the EIGEN token alongside a Season 1 Stakedrop. The tokenomics for $EIGEN include a total supply of 1.67 billion, with 45% allocated to the community through stakedrops, community initiatives, and ecosystem development. Notably, 15% of the total supply will be distributed via stakedrops, with an initial 5% based on a snapshot taken on March 15, 2024, which is 90% immediately claimable. Additionally, investors will hold 29.5% of the total supply. The launch has sparked discussions regarding its potential impact on Ethereum, with high FDV seen as bullish for ETH and low FDV as bearish. The expected fair market value (FDV) of $EIGEN is around $30 billion. Additionally, EigenLayer and EigenDA are also set to have their own tokens.