As an analyst with a background in blockchain technology and token economics, I’m thrilled to see the second phase of the Eigen Foundation’s EIGEN token airdrop underway. This is an exciting development for those who missed out on the first phase or for those looking to increase their holdings.
In my analysis, the Eigen Foundation is moving forward with the second stage of its EIGEN token distribution during Season 1. This marks the completion of the initial phase on their previously outlined roadmap.
During Phase 2, the foundation has initiated the process for participants to receive their assigned EIGEN tokens from the allotment. Alongside Phase 1, this stage completes the distribution of approximately 113 million EIGEN tokens for Season 1, equating to roughly 6.7% of the total tokens reserved for stake rewards.
We’re thrilled to inform you that the next phase is underway! This signifies the end of Season 1 and the distribution of approximately 113 million EIGEN tokens.
— Eigen Foundation (@eigenfoundation) June 19, 2024
Additionally, the extraordinary engagement in Phase 1, with approximately 88% of the tokens being activated, underscores the strong commitment of participants towards EigenLayer’s goals.
To attract a larger number of individuals to join Phase 2, Eigen Foundation has allocated a total of 10 million EIGEN specifically for promotional purposes. The initial participants who successfully claim their tokens within the first 24 hours will receive a bonus of an additional 2.5 times the original token amount.
Additionally, EIGEN tokens enable the functionality of EigenLayer’s “Actively Validated Services” (AVS) for secure applications involving data, artificial intelligence, and decentralized storage. By holding and staking EIGEN tokens, users contribute to enhancing the trustworthiness and dependability of these services.
Furthermore, the “intersubjective forking” mechanism in EIGEN, reinforced by the Ethereum Improvement Proposals (EIPs), enhances security. This allows genuine participants to collaborate in addressing any arising concerns jointly. As the foundation continuously refines the token’s architecture, it paves the way for more robust and diverse digital ecosystems.
Read More
Sorry. No data so far.
2024-06-20 02:13