The restaking protocol announced the launch of its native token EIGEN on May 10th. The token will be released through the independent non-profit Eigen Foundation and have a total supply of 1.67 billion.
The protocol plans to allocate 15% of the token supply to those who staked using the platform. These tokens will be released gradually through multiple seasons. The first season will hand out 5% of total supply.
A whitepaper was also released today describing the structure of the EIGEN token and how it will fit within the EigenLayer ecosystem.
Allocation | Group |
45% | Community |
29.5% | Investors |
25.5% | Early Contributors |