🚀EigenLayer, a restaking platform on Ethereum, has faced backlash over its token distribution. The platform, which amassed $16B in crypto deposits in its first year, rewarded depositors with points, expected to be convertible into tokens. However, the EIGEN token airdrop announcement sparked controversy.🔥
Firstly, tokens will be non-transferable until a future date, leaving users unable to cash out. Secondly, the airdrop is restricted to users from select regions, excluding users from countries like the U.S., Canada, and China. Lastly, the "Season 1" distribution plan leaves some users in the dark about how many EIGEN tokens they'll receive.
Despite revising its token plans, EigenLayer's reputation within the crypto community remains tarnished. This incident raises questions about the future of points programs in crypto startups.
What are your thoughts on points programs? Are they a boon or a bane for the crypto community? Let's discuss!💬 #EigenLayer #CryptoNews