Ethereum-based Liquid restaking protocol EigenLayer has released the Whitepaper for its EIGEN native token on GitHub. This move has further stirred widespread anticipation in the crypto ecosystem as EigenLayer is establishing its foothold as one of the biggest projects in the industry thus far this year.

EigenLayer Tokenomics and Incentives Spotlighted

As unveiled by the restaking protocol, EIGEN will be at the forefront of the EigenLayer ecosystem. With plans to serve multiple purposes in the ecosystem, the protocol said it plans to launch a total supply of only 1.67 billion.

Of this total, staking airdrops will take 15%, community programs will assume 15%, and ecosystem development will take another 15% of the total supply. As a project that has seen some of the best Venture Capital backers thus far, EigenLayer has allocated 29.5% of its total token to investors.

The Protocol has launched an Airdrop collection page that is slated to start on May 10. As one of the biggest projects on Ethereum at the moment, the expectation is building with speculations that the EIGEN airdrop might be worth more than StarkNet, Blur, or other previous allocations.

This is a breaking story, please check back for updates.

The post Breaking: EigenLayer Floats EIGEN Token Whitepaper On GitHub appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am