EigenLayer (EIGEN) Responds to Backlash with Additional 28M Coin Airdrop: Latest Crypto News

• EigenLayer, a restaking protocol, is set to airdrop an additional 28M EIGEN tokens following backlash over its first airdrop.
• The initial airdrop was criticized for being restrictive, leading to the announcement of an additional airdrop for users who interacted with the protocol before April 29th.
• The second wave of claimants will receive a minimum of 100 EIGEN, with the cut-off point designed to prevent Sybil farms from abusing the protocol.

EigenLayer announces an additional airdrop of 28M EIGEN tokens following criticism over its first airdrop. The move aims to reward early users and prevent protocol abuse.

The Backlash Over the First Airdrop

Users who felt left out of the first airdrop criticized EigenLayer’s “stakedrop” program. The main points of contention were the nontransferable token structure, a smaller-than-expected 15% community allocation, and “aggressive” geo-blocking and anti-VPN measures. These measures excluded users from 30 countries, including the United States, Canada, China, and Russia, from participating in the airdrop.

EigenLayer’s Response to the Backlash

In response to the backlash, EigenLayer announced plans to include more of its test... Read the full article for FREE at COINOTAG!