š EigenLayer's highly anticipated crypto airdrop is facing backlash due to token distribution details.
š° Accumulated $16B in deposits before official launch, but project lacked functionality.
šÆ Token distribution criticism stems from non-transferable tokens, regional restrictions, and "Season 1" distribution plan.
š¤ Community angered by mismanagement of expectations and exclusionary policies.
š ļø EigenLayer revised plans but may struggle to regain community trust.
ā Similar points programs in crypto facing criticism, signaling potential end of the practice.
š” Points intended to encourage activity pre-token launch but create information asymmetry and regulatory concerns.
š Points failures may lead to the demise of the practice, raising doubts about the future of such initiatives.