BIT Exchange debuts EigenLayer Points trading market

BIT, a leading digital currency exchange, has officially introduced trading for EigenLayer Points (ELP) against USDT on its spot market.

This initiative marks a pivotal moment for early adopters of the EigenLayer ecosystem, aligning with the upcoming Token Generation Event.

EigenLayer has emerged as a major innovator within the Ethereum blockchain, specializing in restaking and enhancing network security.

With a Total Value Locked (TVL) exceeding $15 billion, the protocol has captured the attention of the crypto community, contributing substantially to the evolution of the Ethereum landscape.

The EigenLayer Points Program was established to incentivize early participation on the platform.

Earn points by restaking LSTs within EigenLayer

Participants can earn points by restaking liquid staking tokens (LSTs) within EigenLayer, with rewards based on the amount and duration of tokens restaked.

These points will qualify holders for the eagerly awaited EigenLayer Airdrop, promising significant rewards.

BIT Exchange has taken a pioneering step by becoming the first centralized exchange to offer a market for EigenLayer Points before the official Token Generation Event.

This move allows BIT users to acquire points in anticipation of the EigenLayer Airdrop.

Upon the airdrop’s release, point holders at BIT will be eligible to receive the new token based on the officially stated conversion rate.

What did BIT co-founder say?

LAN, Co-founder & COO of BIT, expressed enthusiasm about the new offering:

The launch of the EigenLayer Points Program represents a significant milestone for BIT and the broader crypto community. We are excited to give our users the opportunity to engage with new and innovative protocols like EigenLayer and participate in the early stages of a new and prominent DeFi application.

While the specific date for the EigenLayer Airdrop has not been announced, it is expected to be one of the most significant events in the cryptocurrency sector this year, given the substantial interest already generated by EigenLayer’s innovative platform.

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