$EIGEN token is a universal intersubjective work token designed for EigenLayer, enabling security for various digital tasks that are not just objectively verifiable but also intersubjectively attributable.

Unlike traditional work tokens that are tied to one specific digital task or objective faults (verifiable on-chain), EIGEN addresses a broader category of faults where multiple external observers agree on whether the task was performed correctly. This expands the range of tasks that can be securely managed on a blockchain.
EIGEN tokens are used for:
Staking for intersubjective faults on the EigenLayer platform.
Performing validation tasks across various Actively Validated Services (AVS).
Incentivizing and penalizing operators based on their performance.
What Are Intersubjectively Attributable Faults?
Intersubjectively attributable faults are errors or failures in digital tasks that can’t necessarily be proven with cryptographic or on-chain evidence but can be agreed upon by external observers. Examples include:
Data availability: Determining whether data is accessible across the network.
AI inference accuracy: Evaluating AI model predictions within a certain margin of error.
Oracle price inputs: Verifying the correctness of reported real-world data.
The EIGEN token aims to secure services dealing with these intersubjective faults and ensure penalties are applied when operators deviate from expected behavior.
How Does EIGEN Token Staking Work?
EIGEN token staking involves locking up tokens as collateral to perform validation and coordination tasks. The key ideas behind staking with EIGEN are:
Setup and Execution Phases: Rules for validation are agreed upon during the setup phase, and the execution phase involves enforcing these rules. This ensures that faults are observable and can be addressed without requiring in-person meetings.
Slashing: When operators deviate from the agreed-upon rules, their staked tokens can be slashed as punishment.
Token Forking: If the majority of stakers become malicious, a new fork of the EIGEN token can be initiated, penalizing those who caused the fault by excluding them from redeeming tokens in the new fork.
How Many EIGEN Tokens Are in Circulation?
The EIGEN token supply details will depend on the platform's issuance policies. As of the time of its release, the tokenomics structure and total supply may be influenced by staking rewards, slashing events, and issuance for AVS security.
What Makes EIGEN Unique?
EIGEN is designed to resolve faults in decentralized tasks that are agreed upon by multiple external observers. Unlike traditional tokens that focus solely on objectively verifiable tasks, EIGEN addresses faults that may not be provable on-chain but are clearly identifiable off-chain. Its universality allows it to secure various tasks across many services on the EigenLayer platform.
Key features include:
Universality: EIGEN can be used across different tasks and systems beyond a single blockchain, offering cryptoeconomic security for a wide range of intersubjectively verifiable tasks.
Isolation: The EIGEN token operates in tandem with its backing token, bEIGEN, ensuring that forks in staking don't disrupt non-staking applications like DeFi.
Compensation: In cases where an AVS is attacked, the system can redistribute slashed tokens to affected users, ensuring strong cryptoeconomic security.
Who Can Use the EIGEN Token?
The EIGEN token can be utilized by AVS developers, validators, and operators looking to secure services that require intersubjective agreement. It plays a complementary role to ETH restaking, where ETH can secure objectively verifiable tasks and EIGEN handles more subjective faults.
Where Can You Buy Eigenlayer?
EIGEN tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Eigenlayer is Binance, where the most active trading pair EIGEN/USDT has a trading volume of $254,174,291 in the last 24 hours. Other popular options include Bitget and Bybit.
What Is the Daily Trading Volume of Eigenlayer (EIGEN)?
The trading volume of Eigenlayer (EIGEN) is $536,889,787 in the last 24 hours, representing a 266,456.80% increase from one day ago and signaling a recent rise in market activity.
What Is the All-Time High for Eigenlayer (EIGEN)?
The highest price paid for Eigenlayer (EIGEN) is $4.47, which was recorded on Oct 01, 2024 (about 5 hours ago). Comparatively, the current price is 11.82% lower than the all-time high price.
What Is the All-Time Low for Eigenlayer (EIGEN)?
The lowest price paid for Eigenlayer (EIGEN) is $3.61, which was recorded on Oct 01, 2024 (about 8 hours ago). Comparatively, the current price is 9.13% higher than the all-time low price.
What Is the Market Cap of Eigenlayer (EIGEN)?
The market capitalization of Eigenlayer (EIGEN) is $724,487,316 and it is ranked #111 on CoinGecko today. Market cap is measured by multiplying the token price with the circulating supply of EIGEN tokens (190 million tokens are tradable on the market today).
What Is the Fully Diluted Valuation of Eigenlayer (EIGEN)?
The fully diluted valuation (FDV) of Eigenlayer (EIGEN) is $6,528,668,901. This is a statistical representation of the maximum market cap, assuming a total number of 1.7 billion EIGEN tokens are in circulation today.
How Does the Price Performance of Eigenlayer Compare Against Its Peers?
With a price increase of 0.00% in the last 7 days, Eigenlayer (EIGEN) is outperforming the global cryptocurrency market, which is down -0.50%, while underperforming when compared to similar Ethereum ecosystem cryptocurrencies, which are up 12.70%.

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If you're looking for the hottest cryptocurrency opportunities in October, Telegram airdrops should be on your radar.

With a large number of airdrops about to start, October 2024 promises a series of list dates and events that can increase your portfolio.
If you're looking for the latest October Airspots lists, curious about Telegram Airspots list dates, or following specific October Airspots list times, this blog has you covered. From airdrops scheduled to go live this month to those going live soon, we'll dive into key details, dates, and Telegram groups to help you stay ahead of the game. Don't miss out on these opportunities in the world of airdrops. MemeFi list date
The long-awaited listing date of MemeFi, a popular Telegram-based Tap to Earn game with more than 20 million users, is set for October 9, 2024. This milestone marks an important milestone for the MemeFi community, who waited for the opportunity. to trade native gaming tokens on major exchanges, reflecting their growing influence in the crypto gaming space.
Blum list date
Blum, a decentralized exchange (DEX) based on Telegram with more than 50 million users, is expected to have a major impact on the cryptocurrency market with its upcoming listing, which is expected before 30 October 2024. As one of the most popular DEXs, Blum offers transparent trading in the Telegram ecosystem, gaining significant traction thanks to its friendly interface and large community. This list is highly anticipated, with many expected to drive even more adoption and liquidity on the platform.
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I told you just 30 minutes ago that it was going to go down here and you can see that $EIGEN is down to $4.6.

The trading pair $EIGEN/USDT saw a meteoric rise on Binance, recording a 1230.67% gain to reach a current price of $3,992. This stunning rally pushed EIGEN price to a daily high of $4,940 from a low of $0,300, indicating extreme volatility and strong trading interest. EIGEN's trading volume reached 21.18 million tokens, which translates to about $88.60 million in USDT, highlighting the intense market activity surrounding this token. This explosive growth can be attributed to increased investor interest and speculative trading, driven by recent developments or announcements regarding the EIGEN project. The significant price movements suggest that EIGEN is attracting the attention of traders and investors, positioning it as an obvious winner in the current cryptocurrency market landscape.

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