EIGENEigenLayer (EIGEN) Price

1.Project Introduction

EigenLayer is an Ethereum-based protocol introducing restaking to extend ETH security to other apps.

2.Team introduction

Sreeram Kannan - Founder, CEO

Project founder and CEO, driving the vision and development of EigenLayer.

Alan Curtis -- COO

Chief Operating Officer responsible for operational leadership.

Grace Hartley - Chief of Staff

Oversees strategic initiatives and organizational coordination.

3. Investment institution

Andreessen Horowitz (a16z), Blockchain Capital, Electric Capital, Polychain Capital, Hack VC, Coinbase Ventures, Ambush Capital, Figment Capital, Finality Capital Partners

4. Token application and distribution

Token application

The EIGEN token serves as a universal intersubjective work token, enabling users to stake it to handle intersubjective faults within the EigenLayer ecosystem. It complements ETH restaking by providing a mechanism for penalizing operators who commit faults that are not easily detected on-chain, thus enhancing security and functionality for decentralized applications.

Token distribution

COMMUNITY: 45%

INVESTORS: 29.5%

EARLY CONTRIBUTORS: 25.5%