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Eigenlayer Announces EIGEN Token for NFT Owners
Eigenlayer, a staking protocol belonging to Ethereum, has already prepared a new coin called EIGEN as reported in the white paper released on April 29th. The token is the choice of apps based on intersubjective collaborations such as the prediction market, a virtual machine for gaming and storage.
However, residents of countries such as the United States and Canada are not the target of the next airdrop.
Additionally, EIGEN Coin will help NFT owners gain exclusive rights to profit from their NFTs, which was previously a CC0 copyright policy adopted by MoonBirds Tokyo NFTs. It runs on the Ethereum blockchain. EtherHunt is how users can increase their staking balances by sending their Ether to Eigenlayer and receiving a reward for validating transactions on both networks.
Additionally, Eigenlayer claims it is useful for making agreements between people on claims that cannot be verified on-chain but through the efforts of real people, such as “1 BTC = 1 USD.” Unlike Augur’s Reputation Token (REP), Eigenlayer is meant to be more versatile and can be used in prediction markets and other applications.
Some EIGEN tokens from the total supply (5%) are currently distributed among users who have locked their ETH, and in “Season 2” additional tokens will be awarded to all participants. However, the date of the second season and its completion are not revealed.
Read also: EigenLayer Launches Six New Services for Ethereum Updates