News
EigenLayer launches EIGEN Airdrop token, tokens remain non-transferable
![EigenLayer Launches EIGEN Token Airdrop](https://tokentalk.top/wp-content/uploads/2024/05/1715505305_662_EigenLayer-launches-EIGEN-Airdrop-token-tokens-remain-non-transferable.jpg)
Last Updated: May 11, 2024 5:11am EDT | 2 minute read
Ethereum restake protocol EigenLayer has begun the token claim process, commonly referred to as an “airdrop,” for Season 1 Phase 1 rewards.
According to a recent blog post by the protocol development team, users eligible for the new EIGEN token can now acquire it through the application process after a few weeks of waiting.
However, it is important to note that EIGEN tokens are currently non-transferable, meaning users cannot sell or trade them.
The EIGEN token will become transferable in the future
The blog post also mentions that the EIGEN token will become transferable once the development team implements new features in the coming months.
The tentative target date for these deployments is September 30th.
It is vital that users claim their tokens before the claims process closes on September 7, as any tokens not claimed after that date will not be distributed.
According to EigenLayer documentation, the EIGEN token is not available to users in over 30 jurisdictions, including the United States, Russia, China, and Canada.
Additionally, most VPN server addresses are not permitted to be used for token claims.
The current application process has unlocked 6.05% of the total EIGEN token supply and an additional 0.7% will be unlocked in mid-June during “Phase 2”.
At that point, users of applications like Kelp, Pendle, Equilibrium and similar apps will be able to request their tokens.
The ongoing airdrop is primarily aimed at users who restake Ether or its liquid derivatives on EigenLayer before March 15.
Users holding liquid restaging tokens (LRTs) can also claim their rewards now, as long as their assets do not fall under “Phase 2.”
Additionally, users who restaged on EigenLayer between March 15 and April 29 are eligible to claim 100 bonus tokens immediately, with the majority of their claims becoming available in mid-June alongside other Phase 2 participants.
The EIGEN airdrop has sparked controversy within the decentralized finance (DeFi) community. Leandro Schlottchauer, co-founder of Kuyen Labs, said it could be one of the last “life-changing air launches.”
In contrast, many EigenLayer users criticized the airdrop for its ban on VPN servers, the distribution of non-transferable tokens, and the perceived short snapshot period.
LayerZero Labs will exclude Sybil farmers from the Airdrop
As airdrop season rages on, LayerZero Labs, a renowned cross-chain interoperability protocol, has he promised to address the issue of Sybil farmers ahead of its highly anticipated airdrop.
The project said it will conduct an internal investigation to identify and exclude Sybil farmers from receiving allocations in its future token generation event.
Additionally, the project plans to launch a reward program, offering a bonus of 10% of the expected token allocation to bounty hunters who identify additional sybil users.
LayerZero Labs recently completed the first snapshot for its highly anticipated airdrop.
In December, the project announced its plans to distribute tokens to early adopters in the first half of 2024.
News
Top 5 PolitiFi Tokens to Buy Now for MAX Profits
![Coinpedia - Fintech & Cryptocurreny News Media](https://tokentalk.top/wp-content/uploads/2024/07/1722051907_Top-5-PolitiFi-Tokens-to-Buy-Now-for-MAX-Profits.png)
With the US presidential election fast approaching, the cryptocurrency world is buzzing with new trends. In addition to the well-known cartoon-themed meme coins, a new category is making waves: PolitiFi tokens. Did you see that coming?
These politically themed crypto tokens are gaining attention, especially those centered around former President Donald Trump. Today, we explore the 5 trending Trump-themed PolitiFi tokens.
Stock up to benefit later!
1. Trump (Magazine)
Launched about a year ago, the Trump-themed MAGA token has caused quite a stir in the cryptocurrency ecosystem. Inspired by Donald Trump’s slogan “Make America Great Again,” the MAGA token has produced an astonishing 35 million percent return since its inception. Currently trading at $5.65, it has fallen 8.80 percent in the past 24 hours.
Despite this, the token’s trading volume increased by 23.23%, bringing its market cap to $248 million and securing the 220th spot on CoinMarketCap.
Source: Dexscreener
2. MAGA (MAGA)
Another token with the same ticker, MAGA, is also trending in the PolitiFi category. With 390 billion tokens in circulation, this MAGA token has seen a 11.08% price drop over the past 24 hours, but an 81.39% increase in trading volume. Currently trading at $0.0001337, it is ranked 21st on Dexscreener’s trending list and 522nd on CoinMarketCap. Despite being only two months old, it has provided early adopters with a remarkable profit of 313,373.62% at its all-time high of $0.0007354.
Source: Dexscreener
3. Super Trump Coin (STRUMP)
Super Trump Coin, a meme token depicting Donald Trump as Superman, has a circulating supply of 1.8 billion tokens. Over the past 24 hours, its trading volume has increased by 39.88%. Currently trading at $0.01112, it has dropped by 6.07% over the past 24 hours, but holds a CoinMarketCap rating of 776. From its all-time high of $0.03085, it has dropped by 64.06%. Despite this, its impressive short-term returns have made it a favorite among Trump crypto enthusiasts.
Source: Dexscreener
4. MAGA Vice President (MVP)
Launched just four months ago, MAGA VP has yet to break into the top 1000 cryptocurrencies on CoinMarketCap, currently ranked 1231st. With a value of $0.128, its trading volume has increased by 21.79% over the past 24 hours, with a market cap of $5.3 million. While it is up 110% at its current price, it is down 83.24% from its all-time high of $0.7706.
Source: Dexscreener
5. Little Trump
One of the most unique Trump-themed tokens is Baby Trump, which depicts Donald Trump as a baby president. With a circulating supply of 406 million tokens, it has a market cap of $3.5 million at a trading price of $0.008616. Although its price has dropped 9.45% in the last 24 hours, its trading volume has increased by 4.29%. At its peak, Baby Trump’s market cap was $11 million.
Notably, Baby Trump is the only token among the five analyzed to be based on the BNB Smart Chain, while the others are based on the Ethereum network.
Source: Dexscreener
It’s an exciting time for cryptocurrencies
The current political climate in the United States is spawning a new wave of meme tokens themed around various political figures. Among them, Trump-themed PolitiFi tokens are experiencing the most significant surge in popularity. Support for Donald Trump in the crypto community seems to be a driving force behind the success of these tokens.
Do you think Trump-themed PolitiFi tokens are here to stay or just a passing trend? Share your thoughts.
News
Brett Token Price Soars 12%; Analyst Expects Further 30% Upside
![Eight altcoins rally 10+% as volatility swings market](https://tokentalk.top/wp-content/uploads/2024/05/Eight-altcoins-bounce-more-than-10-as-volatility-swings-the.webp.webp)
Brett, the largest meme coin in Blockchain Base, rose more than 12% on Friday, as sentiment in the cryptocurrency and stock sectors improved.
Brett (BRETT) the token rose to $0.133, up 31% from its low this month. Some traders believe the meme coin has more upside potential in the future.
Analyst is bullish on Brett
In an X-post, Michael van de Poppe, a trader with over 721,000 followers, said he is optimistic that the token will rise to $0.1712, up 30% from Friday’s trading level.
I’ve been a day trader for a long time and memes are a great way to gain that perspective.
Lots of volume.
And there’s a lot of volatility.When it comes to $BRETTI would look for long positions in this area between $0.125-0.1325 and $0.170 as a clear identification of a potential bull run. photo.twitter.com/hWmSjCZGJa
— Michaël van de Poppe (@CryptoMichNL) July 26, 2024
If he is right, Brett’s market cap will surpass Floki’s (FLOKI), which has a market capitalization of $1.7 billion.
Brett’s bounce came at the start of the Bitcoin 2024 conference today. In a statement at the event, Robert Kennedy, an independent presidential candidate, noted that he is a big supporter of Bitcoin (BTC).
The main protagonist of the event will be Donald Trump, leading in most polls, included in Polymarket. Trump is expected to reiterate his support for cryptocurrencies. Analysts are divided on whether he will announce a Bitcoin reserve at this event.
Blockchain Base is doing well
Brett token also recovered as Base blockchain ecosystems continued to perform well. Launched in 2023 by Coinbase, Base has accumulated over $1.6 billion in DeFi assets, making it the sixth largest chain in the industry. It has surpassed popular networks like Cardano (ADA), Avalanche (AVAILABLE) and Polygon (MATIC).
At the same time, Brett and other altcoins jumped as the U.S. stock market rebounded, signaling that investors have embraced risk-on sentiment. The Dow Jones Industrial Average rose more than 600 points, while the S&P 500 and Nasdaq 100 jumped more than 80 basis points.
Brett Price Chart | Source: Trading View
Technically, Brett formed a morning star pattern, which is a popular reversal sign. In the past, the coin has risen by double digits when it has formed this pattern. For example, it formed on July 12 and then rose by 40%.
On the other hand, this bounce could be a dead cat bounce, where an asset briefly rises and then resumes its downtrend.
News
Top 5 PolitiFi Tokens to Buy Now for MAX Profits
![Coinpedia - Fintech & Cryptocurreny News Media](https://tokentalk.top/wp-content/uploads/2024/07/1722051907_Top-5-PolitiFi-Tokens-to-Buy-Now-for-MAX-Profits.png)
With the US presidential election fast approaching, the cryptocurrency world is buzzing with new trends. In addition to the well-known cartoon-themed meme coins, a new category is making waves: PolitiFi tokens. Did you see that coming?
These politically themed crypto tokens are gaining attention, especially those centered around former President Donald Trump. Today, we explore the 5 trending Trump-themed PolitiFi tokens.
Stock up to benefit later!
1. Trump (Magazine)
Launched about a year ago, the Trump-themed MAGA token has caused quite a stir in the cryptocurrency ecosystem. Inspired by Donald Trump’s slogan “Make America Great Again,” the MAGA token has produced an astonishing 35 million percent return since its inception. Currently trading at $5.65, it has fallen 8.80 percent in the past 24 hours.
Despite this, the token’s trading volume increased by 23.23%, bringing its market cap to $248 million and securing the 220th spot on CoinMarketCap.
Source: Dexscreener
2. MAGA (MAGA)
Another token with the same ticker, MAGA, is also trending in the PolitiFi category. With 390 billion tokens in circulation, this MAGA token has seen a 11.08% price drop over the past 24 hours, but an 81.39% increase in trading volume. Currently trading at $0.0001337, it is ranked 21st on Dexscreener’s trending list and 522nd on CoinMarketCap. Despite being only two months old, it has provided early adopters with a remarkable profit of 313,373.62% at its all-time high of $0.0007354.
Source: Dexscreener
3. Super Trump Coin (STRUMP)
Super Trump Coin, a meme token depicting Donald Trump as Superman, has a circulating supply of 1.8 billion tokens. Over the past 24 hours, its trading volume has increased by 39.88%. Currently trading at $0.01112, it has dropped by 6.07% over the past 24 hours, but holds a CoinMarketCap rating of 776. From its all-time high of $0.03085, it has dropped by 64.06%. Despite this, its impressive short-term returns have made it a favorite among Trump crypto enthusiasts.
Source: Dexscreener
4. MAGA Vice President (MVP)
Launched just four months ago, MAGA VP has yet to break into the top 1000 cryptocurrencies on CoinMarketCap, currently ranked 1231st. With a value of $0.128, its trading volume has increased by 21.79% over the past 24 hours, with a market cap of $5.3 million. While it is up 110% at its current price, it is down 83.24% from its all-time high of $0.7706.
Source: Dexscreener
5. Little Trump
One of the most unique Trump-themed tokens is Baby Trump, which depicts Donald Trump as a baby president. With a circulating supply of 406 million tokens, it has a market cap of $3.5 million at a trading price of $0.008616. Although its price has dropped 9.45% in the last 24 hours, its trading volume has increased by 4.29%. At its peak, Baby Trump’s market cap was $11 million.
Notably, Baby Trump is the only token among the five analyzed to be based on the BNB Smart Chain, while the others are based on the Ethereum network.
Source: Dexscreener
It’s an exciting time for cryptocurrencies
The current political climate in the United States is spawning a new wave of meme tokens themed around various political figures. Among them, Trump-themed PolitiFi tokens are experiencing the most significant surge in popularity. Support for Donald Trump in the crypto community seems to be a driving force behind the success of these tokens.
Do you think Trump-themed PolitiFi tokens are here to stay or just a passing trend? Share your thoughts.
News
Binance Completes Render (RNDR) Token Swap and Rebranding to Render (RENDER)
![Binance to Delist OMG, WAVES, WNXM, XEM from 2024-06-17](https://tokentalk.top/wp-content/uploads/2024/06/Binance-will-remove-OMG-WAVES-WNXM-XEM-from-06172024.jpeg)
Lorenzo JengarJul 26, 2024 10:26 AM
Binance has successfully completed the token swap and rebranding of Render (RNDR) to Render (RENDER), opening new trading pairs and enabling deposits and withdrawals.
Binance, a leading cryptocurrency exchange, has successfully completed the token swap and rebranding of Render (RNDR) to Render (RENDER), according to an official announcement from the company. The transition marks a significant milestone for the platform and its users, as deposits and withdrawals for the new RENDER tokens are now open.
New trading pairs and availability
Following the rebranding, Binance has opened spot trading for several new pairs involving RENDER. These pairs include RENDER/BTC, RENDER/USDT, RENDER/FDUSD, RENDER/USDC, RENDER/TRY, RENDER/EUR, and RENDER/BRL. Trading began on July 26, 2024, at 08:00 (UTC). Users engaging in Spot Copy Trading wallets can add these pairs by enabling them in the Personal Pair Preference section of the Spot Copy Trading settings.
Token Distribution and User Instructions
The token exchange was conducted at a ratio of 1 RNDR to 1 RENDER. Users can view the token distribution history via their Binance wallet history. Additionally, there are new RENDER token deposit addresses available for users to obtain.
It is important to note that deposits and withdrawals of the old RNDR tokens are no longer supported. Users are advised to update their wallet addresses and ensure that all transactions involve the new RENDER tokens to avoid any issues.
General information and disclaimers
Binance noted that there may be discrepancies in translated versions of this announcement and that users should refer to the original English version for more accurate information.
For more detailed information, users can refer to the official announcement on Binance website. Source.
As always, Binance reminds users to be cautious with their investment decisions. The platform is not responsible for any losses incurred due to market volatility. Users should consider their own financial situation and consult independent financial advisors if necessary.
Image source: Shutterstock
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