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Join Telegram ChannelEigenLayer EIGEN Token Will List on Binance Tomorrow; EIGEN Price Analysis, Token Opening, and New Incentive Exploration are here in this controversy Article.
EigenLayer (EigenLayer) recently announced new initiatives including the second season of EIGEN token airdrops and new incentives for EIGEN tokens. Additionally, the EIGEN token will be listed tomorrow on major exchanges including Binance and possibly Coinbase.
Along with this development, the opening of the EIGEN token on September 30, 2024, and its impact on the market will be examined, highlighting the price of EIGEN.
New Initiative by EigenLayer
EigenLayer recently revealed two important actions regarding the EIGEN token. The first initiative is the second airdrop season, which is now open to claim and will continue until March 16, 2025. The second is Programmed Incentives V1, which will start in October, where EIGEN tokens will be awarded weekly to stakeholders and operator nodes. meet the criteria. It is estimated that approximately 66.95 million EIGEN tokens will be distributed in the first year, equivalent to 4% of the initial supply.
EIGEN Token Opening Time
On May 10 this year, EigenLayer started its first airdrop season, but since the start of this program, EIGEN tokens have been in a non-transferable state, thus maintaining the token's scarcity.
Some users speculate that the recent acceleration in EigenLayer activity is in preparation for an “EIGEN token unlock” event to attract more market attention. Although September 30, 2024 was mentioned as the predicted date for token unlocking, this date was interpreted as an implementation time for “new features and further decentralization.” Therefore, it seems that after the implementation of these features, the EIGEN unlocking will take place on October 1.
EIGEN Price in Pre-Market
According to DeFillama data, EigenLayer with a total asset value of $10.79 billion ranks third among ecosystem protocols. This protocol supports 16 active validation services (AVS) and is recognized as one of the most innovative protocols in the Ethereum ecosystem.
In the future, approximately 3.1% of EIGEN tokens are allocated for future airdrop rounds. These tokens are mainly allocated to large users and operator nodes, which may result in lower profits for small users. Additionally, programmatic incentives starting in October provide users with the opportunity to earn through EIGEN staking. The expected return on this incentive is around 1.6%, but it remains attractive to large users who are inclined towards security and returns.
Additionally, EIGEN is traded on pre-market exchanges, currently valued at around $3.9, reaching a total value of $6.6 billion.
Binance Exchange to List EigenLayer Token
Binance Exchange has announced that on October 1, 2024, the EigenLayer (EIGEN) token will be listed, offering a new currency pair for trading. Users can now deposit EIGEN and withdrawals will start from 2 October 2024. More details can be seen in the image.
- New Trading Pairs: EIGEN/BTC, EIGEN/USDT, EIGEN/FDUSD, and EIGEN/TRY
- Registration Fee: 0 BNB
- Eigen Layer Token (ERC20) Smart Contract Address: 0xec53bF9167f50cDEB3Ae105f56099aaaB9061F83
- Withdrawal Time: 2 October 2024 (12 Mehr 1403); estimated time.
- Trading Bot Usage: Will be activated 24 hours after listing.
- Note: TRY is a fiat currency and does not refer to other digital currencies.
According to Aevo market information, influenced by the news of listing on Binance, EIGEN Futures trading saw an increase of 8.46% to $4.44 in a short time.
Overall, the future of EIGEN and EigenLayer depends heavily on new features and programmatic incentives. With the EIGEN unlock approaching, the protocol may attract more attention from the crypto community and help in onboarding new users.
Considering EigenLayer's experience and innovation in the Ethereum ecosystem, the protocol is expected to continue to be at the forefront of resets and other related services. By realizing the promises of the protocol and its economic facilities, EigenLayer can develop into an attractive asset for investors and users. These factors require users and investors to closely monitor Eigen's future trends and take advantage of emerging income and investment opportunities.