The crypto world is buzzing as the Eigen Foundation announces the launch of Eigenlayer Season 2 airdrop. This event marks a milestone for the Eigenlayer project.
It recognizes and rewards a diverse ecosystem of contributors who have played an important role in the project’s growth and success.
What is EigenLayer?
EigenLayer is a crucial project designed to enhance the security and scalability of the Ethereum network. EigenLayer allows the staking of ETH across different protocols, allowing staked ETH tokens to be used as crypto-economic security for other protocols in exchange for rewards and fees.
This unique approach optimizes capital efficiency for validators and opens up new opportunities for developers in the Ethereum ecosystem.
By using EigenLayer, this project wants to make a foundation for an open, verifiable internet, increasing capital efficiency and cryptoeconomic security. The EIGEN token is the core of this project. It enables on-chain enforcement of off-chain credible commitments and expands commitment access to multiple blockchains and cryptocurrency projects.
The EigenLayer season 2 airdrop is expected to begin from 17th September 2024 and the real date for the release of Eigen is scheduled to be September 30, 2024.
All you need to know about EIGEN season 2 airdrop
The EigenLayer season 2 airdrop is a part of one large airdrop campaign by the Eigen Foundation. This airdrop plans to distribute 15% of the total EIGEN tokens over multiple seasons.
In season 1 of this airdrop which included phase 1 and phase 2, 6.7% of the total supply is already distributed. Now, season 2 is ready to distribute the tokens into three categories:
- Stakers and operators
- Ecosystem partners
- Community members
Distribution details of EigenLayer airdrop
Here are the distribution details of the EigenLayer airdrop:
- Eligibility criteria: Active participants who staked and operated nodes during season 2 are eligible for this airdrop.
- The total allocation of these tokens: -70M EIGEN ( -4.2% of the initial supply ).
Ecosystem partners
- Eligibility: AVSs, Rollups, RaaS providers, LRTs, and other important contributors
- Total Allocation: Nearly 10M EIGEN (-0.6% of initial supply)
Community members
- Eligibility: Open-source contributors, supporters, and early advocates
- Total allocation: -6M EIGEN (-0.35% of initial supply)
How to participate in the EigenLayer season 2 airdrop?
To participate in the EigenLayer season 2 airdrop you have to follow these steps as per your category:
For Stakers and Operators:
- Direct token stakers can claim the tokens through the claims portal you can find on the Eigen website.
- LRT users can claim the rewards through their LRT projects
For Ecosystem Partners:
- Eligible partners can claim their tokens through the claims portal on their website.
For Community Members:
- Community members need to verify their social identity by visiting the Eigen Foundation website.
- Then attach the wallet address to your social media handle
- Claims will open and then you will get your tokens
It is important to note that for LRT users the reward quantities are identical to other participants. LRTs will get their airdrop tokens directly and also determine how to distribute claimed Eigen tokens to their community.
Why should you participate in the EigenLayer season 2 airdrop?
Participating in the Eigen ecosystem is advantageous:
- Earn ongoing rewards that have the potential to grow with time
- Secure innovative services through intersubjective forking
- Join a network that openly promotes innovation in decentralized services
- Have a say in shaping the future developments of EigenLayers and AVSs
The Bottom Line
The Eigen Foundation is very committed to providing a strong growing community. This airdrop is the last opportunity to avail Eigen tokens as 12% of the total supply will be distributed simultaneously.
The last remaining 3% of the supply will be released in the future. Traders have anticipated the launch of this token in the market by trading resources in premarkets.
The total supply of Eigen tokens is 1.67 billion it can be expected that this launch will be about 8.4 billion. There are more opportunities upcoming for community management and rewards.
As EigenLayer continues to evolve, it aims to become core in making “humanity’s coordination engine”. By taking part in EigenLayer season 2 airdrop you will not only own tokens but become a part of a huge project that aims to reshape the future of decentralized networks.
