Eigen Foundation Ups Token Handout Post-Backlash

This announcement on platform X marks a significant shift in the foundation’s engagement with token holders.

The controversy began shortly after the initial airdrop from the Eigens Foundation. Let’s discover more about it.

Eigen Foundation Adjusts Airdrop Policy Amid Controversy

It included a condition that prevented claimants from liquidating their received tokens for a set period. This restriction met with considerable opposition from the community, prompting the foundation to reassess its strategy. To address community concerns, the Eigen Foundation increased the token distribution to each eligible wallet.

According to the foundation’s statement, individuals who participated in the “Season 1” claim will receive a minimum of 110 EIGEN tokens. While “Season 2” participants are set to receive at least 100 EIGEN tokens.

EigenLayer, the technical team behind the Eigen Foundation, addressed a critical airdrop aspect in a same-day blog post. They clarified that investor tokens will start vesting only after becoming transferable.

The tokens will unlock after September 30, 2024, aligning with new features on the EigenLayer mainnet. This timeline suggests that the foundation is planning substantial upgrades and expansions. These could enhance the token’s utility and potentially its market value.

This move by the Eigen Foundation to increase the token airdrop and clarify the vesting schedule comes at a crucial time. The blockchain sector is intensely competitive and rapidly evolving, where community trust and tokenomics play pivotal roles in a project’s success.



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