Binance will list EigenLayer (EIGEN) and open trading for the following spot trading pairs at 2024-10-01 05:00 (UTC).

What is EIGEN Token? You can see on their website. We only discuss about their potential on smart contract.

EIGEN Smart Contract Address (ERC20) : 0xec53bF9167f50cDEB3Ae105f56099aaaB9061F83

As time of writing the total supply are 1,681,371,191.36

Which it's Tokenomic:

Investor 29.5%

Early Contributors 25.5%

Community Initiatives 15%

Ecosystem Development 15%

Stakedrop1 6.75%

Stakedrop 2 5.2%

Stakedrops 3.05%

The total raises from fundraising $164.5m

X Account = 294.3K

Following is the consideration if we want to invest on it and it's risk:

1. Based on its contract it's have two red caution which if we play on sh*t coin we do not dare to buy it.

2. The source code contains proxy contract which could potentially allow the functionality to be changed such as pausing trading or minting token to make potential of OSYD which could ever be like LUNA in someday.

3. If we see its token allocation based on real at this moment is not same like their tokenomic allocation and we do not find any of its in locked position yet. So beware of farming.

Although our preview is bad and too risky, but we are sure, Binance will already evaluate it's contract, risk possibility and know all of their team.

Based on our prediction it's after 1 minute after launched with FDV about $600 millions, 1 Eigen price about $0.35.

Our suggestion is no need to buy it at first lunch because it's seem like for exit liquidity project if you are long term investor, only if you already Pro trader in swing trading.

After launch in the second days it's have possibility the price will be in correction for several days, so we can evaluate whether it's best position for us if want to buy it.

But the market is always dynamic. It's not favorable for whale for invest it on the launch because it's have big possibilities for exit liquidity if we see their current token allocation.

If the price can growing upper and upper, do not forget to sale it all after 1 year from its TGE because after that the price for sure will be the correction state because of the unlock token from Investor 29.5% and Early Contributors 25.5%.

This evaluation is only for to make me not forget about this project in some time in future as a proof.

If you any idea please let me know by comment on this posted.

#EigenLayer #crypto2024 #writetoearn