The Eigen token, or EIGEN, is a newly launched cryptocurrency that's been making waves in the decentralized finance community. It's the brainchild of EigenLayer, a protocol that enables staked Ethereum (ETH) to be used as cryptoeconomic security for other protocols
Key Features of EIGEN:
- Non-Transferable Initial Phase: Initially, EIGEN tokens are non-transferable, but this will change once new features are implemented .
- Intersubjective Forking: EIGEN introduces a novel mechanism called intersubjective forking, which allows the token to be forked without forking the Ethereum mainnet consensus .
- Staking Options: Users can stake EIGEN to secure EigenDA and other Actively Validated Services (AVSs) ÂČ.
Token Supply and Distribution:
- Total Supply: 1,673,646,668.28466 EIGEN tokens .
- Circulating Supply: Approximately 103 million EIGEN tokens Âł.
- Distribution: 45% for the community, 15% for stakedrops, and 15% for future community initiatives .
Important Notes:
- EIGEN tokens are not available to users in over 30 jurisdictions, including the US, Russia, China, and Canada .
- The token's non-transferable phase is expected to end soon, with transferability and forkability features to be enabled later .
For more information on EIGEN and EigenLayer, you can check out their official website, blog, or whitepaper .