Crypto News today- EigenLayer’s EIGEN Airdrop, Despite Non-Transferable Status

EigenLayer’s EIGEN Airdrop Begins: Tokens Not Tradable Yet

Crypto News– EigenLayer has launched its much-anticipated EIGEN airdrop, but there’s a twist: the tokens are presently non-transferable, delaying trading for users. The newly introduced Eigen Foundation, a non-profit entity by Eigen Labs, the brains behind EigenLayer, has initiated claims for EIGEN tokens as of Friday. However, officials have clarified that these tokens will only become transferable at a later, unspecified date, with a target set for September 30.

Amidst speculation on decentralized exchanges like Aevo and Hyperliquid, EIGEN is currently valued at around $9. With a total supply of 1,673,646,668.28466 tokens, the fully diluted value of the token reaches a staggering $15 billion. Both exchanges facilitate trading of perpetual futures, or perps, which are futures contracts without expiration dates—enabling users to speculate on asset prices without direct trading.

EigenLayer’s EIGEN Airdrop Commences: Tokens Remain Non-Transferable

EigenLayer, known for its Ethereum-based restaking service, is one of the most talked-about blockchain startups, having raised over $100 million from investors like Andreessen Horowitz and amassed roughly $16 billion in user deposits into its pooled security system prior to its official launch.

Despite its prominence, EigenLayer’s EIGEN token has encountered significant controversy. As the project’s core features continue development, the primary incentive for platform deposits has been points, essentially score-counts expected to be associated with a forthcoming airdrop.

Eigen Labs, the team behind EigenLayer, recently unveiled details about EIGEN, branding it as a Universal Intersubjective Work Token designed to fuel the underlying mechanisms of the EigenLayer platform.

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