Curated News
By: NewsRamp Editorial Staff
October 08, 2024
CoinW to List EigenLayer's EIGEN Token on DeFi Zone - Celebrates with 5,000 USDT Reward
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Discuss on SubstackTLDR
- Trade EIGEN/USDT on CoinW's DeFi Zone from Oct. 1st, 2024, and join the 'DRIFT bounty program' with a 5,000 USDT reward pool
- EigenLayer introduces re-staking to secure Ethereum DApps using a large validator pool across different modules
- EigenLayer's protocol strengthens Ethereum security, supports open innovation, and provides a platform for testing new Ethereum features
- EigenLayer's EIGEN token has a total supply of 1,673,646,668.28466 tokens with a distribution designed to support protocol growth and sustainability
Impact - Why it Matters
This news matters because it introduces a revolutionary Ethereum-based protocol, EigenLayer, and its native token EIGEN, which will be listed on CoinW's cryptocurrency trading platform. The rise of EigenLayer and its recent $50 million Series A funding reflect the growing prominence of restaking within the Ethereum ecosystem. Additionally, the celebration of the listing with a 5,000 USDT reward pool provides an opportunity for CoinW users to engage with the platform and the EIGEN token.
Summary
CoinW, the world's pioneering cryptocurrency trading platform, will list EIGEN, EigenLayer’s EIGEN token, on the DeFi Zone. EigenLayer is a revolutionary Ethereum-based protocol that introduces re-staking, a concept that allows Ethereum validators to extend their staked assets to secure other decentralized applications. At launch, EigenLayer’s native token EIGEN has a total supply of 1,673,646,668.28466 tokens, symbolically encoded with the phrase 'open innovation' on a classic telephone keypad. EigenLayer’s rise in prominence is reflected in its recent $50 million Series A funding, led by Blockchain Capital. To celebrate the listing, 5,000 USDT equivalent EIGEN prize pool will be up for grabs from October 1st, 2024, at 5:00 to October 9th, 2024, at 16:00 (UTC). CoinW is a pioneering crypto trading platform prioritizing security, transparency, and user-centric principles, committed to the highest regulatory standards and actively contributing to the advancement of the crypto industry.
Source Statement
This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, CoinW to List EigenLayer's EIGEN Token on DeFi Zone - Celebrates with 5,000 USDT Reward
