There are several indicators suggesting that the launch of EigenLayer's EIGEN token is approaching quickly.

To start, the Eigen Foundation registered certain subdomains for the token launch on their website, which has been taken as a sign that the EIGEN token is about to be released.

Additionally, developers published the EIGEN token's whitepaper on GitHub, further hinting at the token's imminent launch.

EigenLayer is viewed by some as one of the most highly anticipated airdrops in cryptocurrency history.

EigenLayer revolves around the concept of "restaking," which allows the security of the Ethereum blockchain to be reused for additional protocols, specifically Application-Specific Validators (AVSs). In essence, restaking involves taking ETH that investors have staked on the main Ethereum chain and using it again to secure other protocols such as blockchain bridges, cryptocurrency exchanges, or data storage systems.

The benefit for EigenLayer investors, known as "Restakers," is that they can earn additional returns on top of the interest they already receive for staking ETH.

EigenLayer also has a fee structure that provides a source of revenue, which it plans to use to pay interest to depositors, serving as a key incentive for restaking.

Requests for the EigenLayer token will begin on May 10.

The EIGEN token will launch with a total supply of 1.67 billion tokens. The foundation has allocated 45% of the tokens to its community. This allocation is further divided into stakedrops (15%), community initiatives (15%), and ecosystem development (15%).

Moreover, 29.5% of the tokens will go to investors, while early contributors will receive 25.5%. Both investors and early contributors will have a three-year lock-up period for their allocations. This includes a full lock-up for the first year, followed by a gradual release of assets at a rate of 4% per month over the following two years. #Airdrop_Opportunity #Cryptocurrencies #AltcoinStrategies #Altcoins👀🚀 #EthereumPower