EigenLayer Debuts EIGEN Airdrop Amidst Speculation and Controversy

The Launch of EIGEN Airdrop

EigenLayer has begun the much-anticipated EIGEN airdrop, yet the tokens are currently non-transferable. The launch by the Eigen Foundation initiates the claims process while trading ability awaits a future date. Coined the 'Universal Intersubjective Work Token', EIGEN's projected value stands at an impressive $15 billion based on its initial total supply. Despite the buzz, some controversy has touched the token, especially regarding its non-transferability and geographic claim restrictions.

EIGEN's Market Speculation

In the absence of transferability, market speculation thrives, as seen on Aevo and Hyperliquid where EIGEN's value floats around $9. These decentralized exchanges allow 'perp' trading—futures without expiry—indicative of expected future trade values. EIGEN token's launch has not only generated excitement but also skepticism among the traders affected by the non-transferable clause and geographic limitations on claims.

Community Reaction and Adjustments

As reactions pour in, EigenLayer responded to community dissatisfaction by revising the EIGEN distribution plan, offering additional allocations in their 'Season 1' airdrop. Still, uncertainties remain pending the 'Season 2' airdrop, which will determine how points from third-party services influence token distribution. This has left some stakeholders hopeful but cautious, waiting for the platform's full capabilities to be realized and their contributions acknowledged.