The Eigen Foundation has started the second phase of its EIGEN token airdrop. This phase is the final piece of Season 1 on the foundation’s roadmap.
In this Phase 2, the foundation has officially begun allowing participants to claim their share of the EIGEN tokens being given away. When combined with Phase 1, it will bring the total EIGEN token distribution for Season 1 to around 113 million tokens, which is 6.7% of the total tokens set aside for stake drop allocation
Moreover, the huge level of participation in Phase 1, where over 88% of tokens were shaked, shows how dedicated participants are to EigenLayer’s mission.
To encourage even more people to participate in Phase 2, Eigen Foundation has set aside 10 million EIGEN just for promotions. The first participants to claim tokens within the first 24 hours will get a 2.5-times boost to their token amount.
Furthermore, EIGEN token powers EigenLayer’s “Actively Validated Services” (AVS) for secure apps around data, AI, and decentralized storage. So, with people staking EIGEN tokens, it helps develop the reliability of these services.
Additionally, the “intersubjective forking” system with EIGEN increases security by letting honest parties agree on fixing any issues together. As the foundation keeps improving the token’s design, it sets the stage for increasingly robust and diverse digital systems.
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