News
Why the EigenLayer (EIGEN) Airdrop disappointed the crypto community
![EigenLayer’s Airdrop Plan Sparks Debate: Community Calls for Fairer Token Distribution](https://tokentalk.top/wp-content/uploads/2024/04/1714465806_Why-the-EigenLayer-EIGEN-Airdrop-disappointed-the-crypto-community.png)
The crypto community was abuzz when EigenLayer, a pioneering retaking protocol, announced the upcoming airdrop of its native token. The team has scheduled the launch for May.
However, the details of this distribution have sparked widespread disappointment, highlighting a recurring problem with allocation strategies in blockchain initiatives.
EIGEN Token Airdrop Distribution
Since its launch in June last year, EigenLayer allowed users to deposit and buy back Ethereum from various liquid staking tokens. Eventually, it became the the second largest DeFi protocolwith a total value locked of $15.952 billion, second data by DefilLama.
The team introduced the native token, totaling 1.67 billion, to power the EigenLayer ecosystem. The independent, non-profit Eigen Foundation assigned 45% of these tokens are earmarked for community-related activities. These include stakedrops, community initiatives and ecosystem development.
To know more: What is EigenLayer?
Issuance of the autogenous sample. Source: Eigen Foundation
The community’s initial enthusiasm waned when they realized that only 15% of the tokens would be distributed through what EigenLayer called a “stakedrop.” Specifically, in the first distribution season, only 5% of the total token supply will be allocated to users based on a snapshot of their betting activities starting March 15, 2024.
Furthermore, of this endowment, 90% will not be claimable until May 10 and will not be immediately transferable, which has added to the frustration.
This allocation contrasts sharply with the 55% of tokens going to project investors and early contributors. This disparity has sparked criticism within the crypto community, reflecting a broader debate about fairness in token distribution.
Cryptocurrency investor CoinMamba expressed his concern, highlighting the uneven allocation.
“So the EigenLayer team and the investors get 55%, but the stakeholders only get 5%, and even that will not be transferable at first. The amount of greed demonstrated by cryptocurrency developers and VCs continues to amaze me every time,” CoinMamba She said.
This sentiment is widely shared, including by CryptoTelugu analyst, who argued for a fairer airdrop:
“I think rewarding eligible users with a decent amount of tokens will mean a good drop, at least 100 tokens. Let’s hope they listen to us,” CryptoTelugu She said.
To know more: Ethereum restaging: what is it and how does it work?
In light of the negative reaction, the Eigen Foundation may need to reevaluate its strategy to sustain goodwill and community support.
Disclaimer
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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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