EigenLayer Launches $EIGEN Token, $10B FDV, 15% Airdropped to Stakers

Apr 29, 2024, 05:53 PM

EigenLayer, a restaking protocol, has announced the launch of its native token, $EIGEN, with significant attention from the crypto community. The token, described as the 'Universal Intersubjective Work Token,' aims to complement Ethereum and introduces innovative tokenomics. $EIGEN will initially be non-transferable, with a total supply of 1.67 billion tokens. The community is allocated 45% of the total supply, with 15% each going to stakedrops, community initiatives, and ecosystem development. The first stakedrop represents 5% of the total supply, based on a snapshot taken on March 15, and is 90% immediately claimable. The Eigen Foundation has also scheduled a livestream to cover details about the token, featuring EigenLayer founder Sreeram Kannan and Eigen Foundation Director RJ Droste. The token claims will start on May 10, as announced on EigenLayer's official website. The FDV is projected at $10B with 15% of tokens airdropped to stakers over multiple seasons.