Everyone is talking about Kaito trapping KOLs in algorithms. To be honest, what people should really be concerned about is "Kaito trapping Twitter users in an information cocoon."
KOLs or those who exploit know exactly what they can gain, they Yap hard, and keep repeating the same old stuff;
Meanwhile, Twitter viewers are constantly recommended homogenized content by algorithms, with electronic junk emerging endlessly. The more time spent here, the less valuable incremental information is gained.
⚠️ Your precious attention and thinking time are extremely valuable!
I suggest everyone use Twitter lists and good subscription tools daily, prioritizing high-quality content.
I personally maintain a "must-see daily" Twitter list, replacing people in the list based on the research focus at different stages; I also subscribe to many Substack reports to ensure more time is spent on in-depth articles.
Regarding content incentives from project parties to the community, I actually believe that leaving some retrospective incentives is the most friendly way to reward genuine users and spontaneous content dissemination.
The 0.5% share announced by @humafinance is also a total amount for content incentives, worth observing for 1️⃣ the allocation weight for the earliest community members' genuine sharing, and 2️⃣ the effect of long-term incentives for spontaneous sharing after TGE 🤔
A good example is Jupiter's previous campaign, which required everyone to submit spontaneous sharing content to receive $JUP incentives.
I remember @anymose96 shared, and I was quite surprised, having only written one piece of content about Jupiter's product (casually recorded during the Solana Breakpoint conference), which earned $JUP worth 1000U.
Eigenlayer also gave a considerable amount of retrospective rewards to many hardcore researchers last year, which is definitely a win-win for both project parties and community users.
The advantage of Kaito is making information distribution more transparent, allowing project parties to trace and filter users/KOLs related to themselves.
The downside is that all the mouth-exploiters swarm together, easily turning Twitter into a repeating machine + TV shopping scene, writing whatever is popular (I've been mentioned many times these days...).
How to use tools wisely without being led by tools and algorithms
Start by protecting your attention and actively managing information intake.
Spend more time on your independent research and using good products.
Only DYOR can lead to long-term profits.
RubyWang (天涯 Ruby 邻) ｜day1global.xyz
Twitter has turned into a massive echo chamber ➕ TV shopping.
The current price of Eigen is $1.3578. Since 00:00 UTC, Eigen has decreased by -0.50%. It currently has a circulating supply of 300,552,312 EIGEN and a maximum supply of 1,725,143,489 EIGEN, giving it a fully diluted market cap of $407.46M. At present, the Eigen coin holds the 97 position in market cap rankings. The Eigen/USD price is updated in real-time.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
EIGEN is a universal intersubjective work token within the EigenLayer protocol. It's called an "intersubjective" token because it's designed to address intersubjective faults in a network. These are faults where there's consistent agreement among the majority of network participants that a malicious act has been committed. As a result, EIGEN helps to secure the network by discouraging inconsistent behaviors.
The EigenLayer protocol allows stakers of ETH, the native token of the Ethereum network, to extend the network's security to other applications across the EigenLayer network through a novel concept known as restaking. Here, ETH stakers can restake their tokens to secure other protocols built on EigenLayer, without the need to build a separate validator set.
How does EIGEN work?
Where ETH is used to secure services or protocols, EIGEN helps to address intersubjective faults that deserve a penalty by introducing intersubjective staking. In this situation, stakers who act outside of the network's rules can be penalized through slashing. Slashing sees individuals lose a quantity of their staked ETH. According to the project, through this approach, the EIGEN token allows the token to be forked without forking the Ethereum mainnet consensus.
EIGEN is also used to secure EigenDA, a data availability layer that supports Ethereum rollups.
Price and tokenomics
Season one of stakedrop claims for the EIGEN token opened on May 10, 2024. Here, 6.05% of the token's total supply of 1.67 billion EIGEN were made available to eligible users. Season one phase two of the stakedrop launched in June 2024, and made a further 0.7% of the total token supply available. According to the project, future seasons will see a further 1.5% of the total EIGEN tokens released.
Alongside the 15% of tokens allocated to stakedrops, 15% will go towards community initiatives, with 15% allocated to ecosystem development. A further 29.5% will be allocated to investors, with 25.5% assigned to early contributors.
All tokens allocated to investors and core contributors will remain fully locked up for one year after the date on which the token first becomes transferrable for the community. After this date, the EIGEN tokens allocated to investors and core contributors will be unlocked at a rate of 4% per month. This means EIGEN held by investors and core contributors won’t be fully unlocked until three years after the date the tokens first become transferable for the community.
About the founders
EigenLayer was founded in 2021 by Sreeram Kannan, a former professor at the University of Washington. Kannan remains as the project's CEO today. EigenLayer is developed by Eigen Labs, a research organization "focused on contributing to protocols that supercharge open innovation on Ethereum", according to the company's official X account.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 1.7K new posts about Eigen, driven by 994 contributors, and total online engagement reached 418K social interactions. The sentiment score for Eigen currently stands at 81%. Compared to all cryptocurrencies, post volume for Eigen currently ranks at 0. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Eigen.
Powered by LunarCrush
Posts
1,655
Contributors
994
Interactions
418,043
Sentiment
81%
Volume rank
#0
X
Posts
1,055
Interactions
187,871
Sentiment
87%
Eigen FAQ
What is the total supply of EIGEN?
EIGEN has a total supply of 1.67 billion.
Is it safe to trade EIGEN?
Although EIGEN is the native token of a legitimate crypto project in EigenLayer, there’s always an element of risk when trading any form of crypto asset. That's why it's important to do your own research and never trade with more than you can afford to lose.
What problem does EigenLayer solve?
EigenLayer helps to extend the security benefits of the Ethereum network to more projects in a cost-effective way, through restaking. Those who stake ETH can use EigenLayer smart contracts that extend cryptoeconomic security to other applications built on the network.
How can I get hold of the EIGEN token?
EIGEN tokens were initially available to users of the EigenLayer protocol who claimed their share of the tokens’ total supply. The tokens weren’t transferable once claimed, meaning any EIGEN held couldn't be brought or sold. You can obtain EIGEN once the token is listed for spot trading on exchanges.
How much is 1 Eigen worth today?
Currently, one Eigen is worth $1.3578. For answers and insight into Eigen's price action, you're in the right place. Explore the latest Eigen charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Eigen, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Eigen have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Socials