The native token, EIGEN, is set to debut with a total supply of 1.67 billion. The Eigen Foundation will oversee the rollout, which is scheduled for next month. The airdrop distribution will occur in two batches.
The first batch, or season one, will allocate 5% of the total 15% stakedrop based on a linear calculation taking into account factors such as the amount staked, time staked, and native restaking. Season two will begin a month later, allowing stakers to collect the remaining 10% of the total 15% stakedrop allocation. At launch, the EIGEN token will be non-transferable to encourage community participation in governance.
In the platform’s distribution plan, 15% allocations are earmarked for community initiatives and ecosystem developments, respectively. Early contributors will receive 25.5% of the total supply, and investors are entitled to 29.5%. Both parties will have a three-year vesting schedule, with 4% of the holdings unlocking monthly over the last two years.
The concept of crypto-economic security aims to support ETH restaking and address subjective faults to simplify activity for validators dealing with restaking transactions.
