EigenLayer(EIGEN) Plan for Token Airdrop

Restaking protocol EigenLayer is launching a native token in May and its distribution will include an airdrop for those staking on the platform.

The independent non-profit Eigen Foundation will be the entity releasing the token, according to a statement.

The Eigen token will have a total supply of 1.67 billion tokens at launch. The foundation has allocated 45% of the tokens to its community. This is further subdivided into stakedrops (15%), community initiatives (15%) and ecosystem development (15%).

Additionally, 29.5% of the tokens have been allocated to investors, while early contributors will receive 25.5%. Investors and early contributors are subject to a total lockup period of three years for their allocations. The first year involves a complete lock, followed by a gradual release of their total holdings at a rate of 4% per month over the subsequent two years.

The EigenLayer community airdrop

The community airdrop, which EigenLayer is referring to as a stakedrop since users can stake Eigen tokens to secure EigenDA and future AVSs, will hand out 15% of the token supply to those who participate on the platform. These tokens will be distributed across multiple seasons.

In the first season, the foundation will hand out 5% of the token supply to users based on a snapshot of staking activities taken on March 15, 2024. Of this first season allocation, 90% of the tokens will be claimable on May 10 to eligible restakers — with a claim window of 120 days. The final 10% will be claimable in a second phase of the first season that will take place a month later.

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