EigenLayer airdrop faces backlash over inability to move tokens and blocked jurisdictions | Headlines | News | CoinMarketCap
04/30/2024 20:20
The details surrounding the long-awaited EigenLayer airdrop were revealed yesterday to much fanfare — but also to hefty criticism. The plan outlined …
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Published on April 30, 2024 13:12 GMT+00:00edited on April 30, 2024 13:14 GMT+00:00
The details surrounding the long-awaited EigenLayer airdrop were revealed yesterday to much fanfare — but also to hefty criticism.
The plan outlined that 45% of the 1.67 billion token supply at launch will be allocated to its community, with a third of that coming in the form of an airdrop. That airdrop will be split up into multiple seasons with the first season — handing out 5% of the supply — coming in two parts, with a focus on rewarding those who had staked with the protocol.
A range of concerns were highlighted, but the key one appears to be the lack of transferability of the token when it first goes live. EigenLayer said that when the token is launched it will be non-transferable for “months” to allow ample time for decentralization and to foster community consensus regarding the …