cryptonews.net
The Eigen Foundation has started the second phase of the $EIGEN stake drop, which is a significant step in its token distribution roadmap. This launch is not only the finale of Season 1 but also the further developments in the protocol’s progression. As part of EigenLayer’s ongoing development, the foundation has officially opened claims for the second phase of the $EIGEN stake drop. This phase contributes to the total distribution for Season 1, to around 113 million $EIGEN tokens, which is 6.7% of the allocated supply for stake drops.
The high participation rate during Phase 1, where more than 88% of $EIGEN tokens were staked, shows the dedication to EigenLayer’s mission. In connection with the opening of Phase 2, the Eigen Foundation has set aside 10 million $EIGEN for the promotion of this phase. For instance, the first set of users likely to claim within the first twenty-four hours from the time the app is launched are entitled to a 2.5x increase in their token allocation.
The $EIGEN token plays a crucial role in the functioning of Actively Validated Services (AVS), with potential use cases spanning from data accessibility to artificial intelligence, and decentralized storage. Through $EIGEN staking, these services are accelerated in their development and ensured in their reliability.
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