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EigenLayer offers more EIGEN tokens in the Airdrop update

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EigenLayer Revises Airdrop Strategy After Community Criticism

EigenLayer, a leading Ethereum restake protocol, has announced a significant expansion of its initial airdrop of EIGEN tokens. This decision is a direct response to the community’s negative reaction.

The protocol will distribute an additional 100 EIGEN tokens to each of more than 280,000 eligible wallets to address user concerns. This move will dramatically increase user satisfaction and demonstrate the foundation’s commitment to community feedback.

Dealing with the backlash: EigenLayer’s updated token strategy

THE initial airdrop, announced early last week, drew harsh criticism from the EigenLayer community. The negative reaction led to calls for more equitable distribution.

Users have expressed dissatisfaction with the assignment formula. They perceived this as giving investors and early contributors a disproportionate advantage over average users.

To know more: What is EigenLayer?

The Eigen Foundation, responsible for the EigenLayer ecosystem, has released a detailed plan for distributing additional rewards. The latest plan clarifies countdowns and block timelines, while aiming to increase user involvement in all phases of the project. Users who interact with EigenLayer before the April 29 deadline will benefit from an increased airdrop, which will be processed after May 10.

This strategy also extends to participants in EigenLayer Season 1 and Season 2 initiatives. All Season 1 participants will receive at least 110 EIGEN tokens, which includes the base amount of 10 EIGEN plus the new addition of 100.

Likewise, Season 2 participants engaged in staking activities between March 15 and April 29 are guaranteed a minimum of 100 EIGEN tokens. However, it is important to note that only users who signed up before April 29 will be eligible for this round of distribution.

Additionally, the foundation provided crucial details on the token maturation plan held by investors. They indicated that maturation will begin once the tokens become transferable, with an unlock phase expected after September 30th. This timing coincides with the launch of new features on the main EigenLayer network.

Additionally, the Eigen Foundation explained that it will update missed assignments for those involved in the testnet. They promise more details to come.

“We are aware that some testnet users have been excluded from eligibility for requests. Lost testnet user assignments will be updated as part of Phase 2 of Season 1. We will provide more details in the coming weeks,” the Eigen Foundation he wrote.

To know more: Best upcoming air launches in 2024

TVL by EigenLayer.TVL by EigenLayer. Source: DefilLama

EigenLayer has went up quickly as a key player in decentralized finance (DeFi) since its inception in 2023. Currently is ranked as the second largest DeFi protocol with a total value locked (TVL) of $14.85 billion, according to DefiLlama.

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In compliance with Trust Project guidelines, BeInCrypto is committed to providing impartial and transparent reporting. This news article aims to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on this content. Please note that our Terms and conditions, Privacy PolicyAND Disclaimer They have been updated.

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Worldcoin Token Rises 12% After Ecuador Expands, Kenya Investigation Closes

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Worldcoin token surges 12% after Ecuador expansion and Kenya probe closure

Worldcoin’s WLD token jumped more than 12% to over $3 last day after the project scored significant wins in several jurisdictions.

Worldcoin is a personality-proof crypto project that he took on examination and controversy around the world since its launch thanks to the collection of facial data. These challenges have had a significant impact on the WLD token, which is down more than 70% from March’s all-time high of $11.

However, this week the project recorded crucial milestones for its operations, prompting a recovery in the asset’s value.

Kenya abandons Worldcoin probe

Worldcoin told CryptoSlate that Kenya has ceased its investigation into the project.

In an emailed statement, a Worldcoin spokesperson confirmed that Kenya’s Director of Criminal Investigations (DCI) has closed its investigation into the project’s alleged data collection violations. Thomas Scott, chief legal officer at Tools for Humanity, said:

“We are grateful for the DCI’s impartial investigation and the Director of Public Prosecutions’ determination to close the matter. This welcome result, however, does not represent the end but the beginning. We will continue to work with the Government of Kenya and others and hope to resume ID registration across the country soon.”

This news would be a welcome development for a recent project he agreed to stop its Spanish operations until the end of the year or until the Bavarian Data Protection Authority (BayLDA) makes a final decision regarding the investigation into the company’s data processing practices.

Expansion of Ecuador

Worldcoin on June 19th announced the imminent availability of its global identity verification spheres in six locations in the two Ecuadorian cities of Guayaquil and Quito.

The spheres will begin operating on June 26 in Guayaquil and June 27 in Quito. Starting June 24, Ecuadorians can locate the sphere sites via the Worldcoin website and app.

This expansion is in line with growing global support for humanity-proofing initiatives. According to Worldcoin, a staggering 92% of a recent online survey conducted in Ecuador showed that they support technology-based solutions to differentiate humans from robots online.

The same trend has been observed in other countries, such as Peru and Colombia, where respondents fear that robots could “lead to even greater levels of fraud and disinformation.”

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Sealana Token Is Claimed to Be the Next Meme Coin to Explode as Pre-Sale Ends in Just 5 Days – Branded Spotlight Bitcoin News

TokenTalk Staff

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Sealana Token Is Claimed to Be the Next Meme Coin to Explode as Pre-Sale Ends in Just 5 Days – Branded Spotlight Bitcoin News

https://news.google.com/./articles/CBMid2h0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9zZWFsYW5hLXRva2VuLWlzLWJlaW5nLWJhY2tlZC1hcy10aGUtbmV4dC1tZW1lLWNvaW4tdG8tZXhwbG9kZ S1hcy1wcmVzYWxlLWVuZHMtaW4tanVzdC01LWRheXMv0gEA?hl=en-US&gl=US&ceid=US%3Aen

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Mexican Cartels Using BTC, ETH, USDT, and Other Tokens to Buy Fentanyl Precursors: US Treasury

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Mexican Cartels Using BTC, ETH, USDT, and Other Tokens to Buy Fentanyl Precursors: US Treasury

The US Treasury Department’s Financial Crimes Branch has reported the growing use of several crypto assets to support Mexican drug trafficking

The US Treasury Department’s Financial Crimes Branch has reported the growing use of several crypto assets to support Mexican drug trafficking

The US Treasury Department’s Financial Crimes Branch has reported the growing use of several crypto assets to support Mexican drug trafficking

AccessTimeIconJune 20, 2024, 5:08 pm

Updated June 20, 2024, 10:04 pm

US authorities have warned of Mexican cartels using cryptocurrencies to buy precursors to make fentanyl. (Jesse Hamilton/CoinDesk)

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Bitcoin, Ethereum and Furrever tokens with cutting-edge 10% referral bonus.

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Bitcoin, Ethereum and Furrever tokens with cutting-edge 10% referral bonus.

New York City, NY, June 20, 2024 (GLOBE NEWSWIRE) —

Looking to the future of cryptocurrencies, Bitcoin remains strong as the market leader, while Ethereum continues to fascinate meme coin enthusiasts. Now, Furrever token is ready to join the fray. This article looks at what Furrever Token brings to the table alongside these giants.

Bitcoin price continues to fall as whale activity deepens

Bitcoin price fell below $65,000 on Wednesday, after expanded whale exercises that will be offered orders. Meanwhile, hedge funds have experienced a slowdown in the introduction of Bitcoin, which could be fueled by a steady surge in Bitcoin ETFs.

Ethereum ETFs may not cause the price of ETH to rise as many predict

The price of Ethereum (ETH) has risen more than 4% in the past 24 hours after the Securities & Exchange Commission (SEC) abandoned its examinations of Ethereum 2.0 amid the desire for spot ETH ETFs. In any case, subsequent ETH energy ETFs may not lead to the expected price increase.

The Furrever token stands out for its innovative 10% referral program.

The Furrever Token presale has so far raised over $1.3 million, with the project currently at level 9 and aiming for a total of $1.9 million.

Furrever Token offers delightful customer engagement focused on feline-themed symbolism and community-driven engagement. The untapped referral framework allows customers to earn 10% in $FURR tokens for every store created via their individual referral connection, making for a fabulous passive income opportunity. This framework does not incentivize users, but also cultivates the natural development of the community.

Backed by a comprehensive review by Securi Lab, Furrever Token ensures a secure and reliable stage for its customers. The project guide incorporates the progressive integration of feline-themed material and the energy of future shocks, situating it as an interesting and enjoyable speculation within the crypto space.

Don’t miss the opportunity to include Furrever Token in your venture portfolio and get ready to rule the meme coin industry. Visit www.furrevertoken.com to secure your tokens and be part of this crypto space.

Join the Furrever token presale now:

Official website of the Furrever token

Visit the Furrever token presale

Join the official Telegram group

Follow the official X account

Media contact:
Roberto Smith
https://furrevertoken.com/
support@furrevertoken.com

Disclaimer: The information provided in this press release does not constitute a solicitation for investment, nor is it intended as investment advice, financial advice or business advice. We strongly recommend that you practice due diligence, including consulting with a professional financial advisor, before investing in or trading cryptocurrencies and securities.

CONTACT: Robert Smith

support at furrevertoken.com




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