BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

EIGEN Token Airdrop Reveals Shocking Tokenomics: Here is What You Need to Know

by Sham
April 29, 2024
in CRYPTO, DEFI
Reading Time: 3 mins read
A A
2
SHARES
38
VIEWS
Share on XShare in TelegramShare on Reddit

• EigenLayer, a blockchain data analytics platform, plans to launch its own EIGEN token
• 45% of the EIGEN token supply will go to the EigenLayer community, 29.5% to investors, and 25.5% to early contributors
• The token launch comes after EigenLayer’s restaking frenzy, where users could earn rewards by restaking their tokens

EigenLayer, the blockchain staking firm that set off a frenzy of restaking in the crypto markets last month, now plans to launch its own token dubbed EIGEN.

JUST IN: $EIGEN (@eigenlayer) airdrop will exclude the following regions

– United States

– Canada

– Most of Africa

– Most Asia

– All VPN users pic.twitter.com/qG3fRtyLmx

— BlockNews.com (@blocknewsdotcom) April 29, 2024

Details on EIGEN Token Allocation

Some 45% of the EIGEN token supply will go towards the EigenLayer community, while investors will be allocated 29.5% of the token supply, and 25.5% will go towards early contributors.

EigenLayer’s Impact on the Crypto Markets

EigenLayer made waves in crypto markets last month when it announced generous staking rewards for major proof-of-stake blockchains. This set off a flurry of activity as other staking providers rushed to match EigenLayer’s rewards. Crypto analysts have attributed much of the recent surge in staking to EigenLayer’s competitive staking rewards.

Reactions to EIGEN Token Launch

The launch of EigenLayer’s EIGEN token has drawn mixed reactions from the crypto community. Some see it as a natural evolution of EigenLayer’s services, while others argue an internal token could compromise the firm’s staking neutrality. Crypto pundits will be watching closely to see if the EIGEN token gives EigenLayer stakers preferential treatment compared to those staking with competitors.

Potential Benefits of EIGEN Token

Advocates argue the EIGEN token could supercharge EigenLayer’s reward model by aligning incentives between the firm and its stakers. The token may also enhance governance by giving stakers a say in decisions through token voting. If successful, EIGEN could cement EigenLayer’s position as a leading staking provider.

Risks and Challenges for EIGEN

However, a native token also comes with potential downsides. Some analysts warn it could distract the firm from its core staking business or tempt it to deprioritize non-EIGEN stakers. There are also regulatory uncertainties surrounding staking tokens. EigenLayer will need to tread carefully for EIGEN to succeed long-term.

Conclusion

The launch of EIGEN is a bold bet by EigenLayer to leverage its breakout success over the last year. It remains to be seen whether the token can boost EigenLayer’s staking platform or prove a costly distraction. Crypto markets will be watching closely to see if lightning can strike twice for this ambitious staking upstart.

Tags: BlockchaincryptoCrypto MarketsEIGENEigenLayer
Tweet1ShareShare
Previous Post

Avalanche and Stripe Revolutionize Crypto Purchases with New Integration

Next Post

Binance Hit With Major Lawsuit in Canada Over Unregistered Crypto Sales

DON'T MISS THESE! HOT OFF THE PRESS

Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Connecticut Bans Bitcoin and Crypto for Government Funds
BITCOIN

Connecticut Bans Bitcoin and Crypto for Government Funds

July 1, 2025
Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme
CRYPTO

Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme

July 1, 2025
FARTCOIN Surges 148%—Is the Meme Just the Beginning?
CRYPTO

FARTCOIN Surges 148%—Is the Meme Just the Beginning?

July 1, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.