Binance and EURUSD launch EIGEN (EigenLayer)
Binance will launch EigenLayer (EIGEN)! Big news is coming! The official announcement has been released that Binance, the cryptocurrency giant, will launch EigenLayer (EIGEN) at 13:00 (UTC + 8) on October 1, 2024. In addition, the seed tag will be applied and spot trading pairs will be opened. This is like dropping a heavy bomb on the calm cryptocurrency lake. What kind of waves will the EIGEN project create with the help of Binance?

图片OKX will launch EIGEN (Eigen) spot trading. OKX will launch EIGEN (Eigen) spot trading. Here comes the point. The opening time of EIGEN token spot trading is 2 pm on October 1st.图片

When will EIGEN be unlocked?
Regarding the unlocking time of EIGEN, the first thing that needs to be mentioned is that there has been a misunderstanding circulating in the market for a long time - the circulation unlocking time is September 30th.
The reason for this misunderstanding is that the Eigen Foundation mentioned the date of September 30 in its official document on the unlocking timeline in May, but if you look closely at the Eigen Foundation’s description, you will find that the description is actually: “Earlier this week, we announced that ElGEN will be unlocked after new features are live and further decentralization is achieved, but we did not announce a specific date. In order to clarify the timeline, we plan to implement these features on the mainnet before September 30, 2024.”

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From the statement of the Eigen Foundation, it can be seen that the unlocking of EIGEN's transfer function should be after the realization of "launching new features and further decentralization", and September 30 is the time expectation set by EigenLayer for "launching new features and further decentralization". Why is EigenLayer important? In the traditional staking model of Ethereum, the staked ETH is only used to protect the world of the Ethereum network. However, as the blockchain ecosystem continues to grow and develop, the situation is different. Now, all kinds of applications have emerged, such as data availability, cross-chain bridges, and oracle networks, which are in urgent need of more secure and scalable services. It's like a small village has become a big city. The original protection measures were only enough to protect the village. Now there are so many different functional areas in the city, all calling for stronger and more comprehensive security and service guarantees. EigenLayer meets this demand by enabling ETH stakers to re-stake their assets, providing these additional security services without the need for new tokens or a separate staking process.