What Is Crypto Airdrop?
A crypto airdrop is a marketing tactic employed by blockchain-based businesses or projects to offer free or discounted cryptocurrency tokens or coins to a large number of users in exchange for taking certain actions, like completing surveys, joining groups on Telegram, or promoting their project on social media.
In order to raise awareness and interest in a new project, enhance the token’s liquidity and trading volume, or honor a project’s early adopters and supporters, airdrops are typically carried out. Tokens that are airdropped are frequently dispersed via smart contracts built on Ethereum and are instantly given to the wallets of qualified users.
While some airdrops may be acceptable ways for users to obtain fresh cryptocurrency tokens, others might be fraudulent operations designed to con users into disclosing their private keys or other sensitive information. As a result, before taking part in an airdrop, it is crucial to conduct thorough study and confirm its legality.
What Is EigenLayer Airdrop?
EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive in cryptoeconomic security. This primitive enables the reuse of ETH on the consensus layer. Users that stake ETH natively or with a liquid staking token (LST) can opt-in to EigenLayer smart contracts to restake their ETH or LST and extend cryptoeconomic security to additional applications on the network to earn additional rewards.
EigenLayer doesn’t have an own token yet but could launch one in the future. They’ve launched a Stage 1 testnet recently and is expected to launch Mainnet soon. Early users who do testnet actions may get an airdrop if they launch an own token.
Basic EigenLayer Airdrop Points
|Token Name||EigenLayer Airdrop|
|KYC||KYC Is Not Requirement|
|Whitepaper||Click Here To View|
|Collect Airdrop||Click Here To Collect Free Airdrop|
How To Claim EigenLayer Airdrop Step-by-Step Guide:
- Visit the EigenLayer testnet page.
- Connect your Metamask wallet.
- Change the network to Goerli.
- Currently, they’ve Lido’s stETH and Rocket Pool’s rETH pools to test with so you will need stETH and rETH.
- Firstly get Goerli ETH from this faucet.
- Send Goerli ETH to this Lido’s stETH token contract address “0x1643E812aE58766192Cf7D2Cf9567dF2C37e9B7F”. You will get Lido’s stETH back automatically once your transaction is complete.
- Visit the Rocket Pool testnet page and stake your Goerli ETH to get Rocket Pool’s rETH.
- Now you will have both Lido’s stETH and Rocket Pool’s rETH testnet tokens.
- Go back to the EigenLayer testnet page and select “Rocket Pool ETH” and stake your rETH and then select the “Lido Staked Ether” pool and stake your stETH.
- For more information regarding the testnet, read this article.
- They don’t have an own token yet but could launch one in the future. So early users who’ve done the testnet actions may get an airdrop if they launch an own token.
- Please note that there is no guarantee that they will do an airdrop and that they will launch their own token. It’s only speculation.
How To Check EigenLayer Airdrop Is Real Or Fake
A brand-new cryptocurrency startup called EigenLayer just announced an airdrop to give away free tokens to its users. However, there is always a chance of scams and frauds, just like with any cryptocurrency airdrop. To determine whether an EigenLayer airdrop is genuine or fraudulent, follow these steps:
- Check the official EigenLayer website: The first step is to see if any airdrops have been posted on the EigenLayer official website (https://www.eigenlayer.io/). If the airdrop is not mentioned on their website, it is probably a ruse.
- Verify the social media accounts : Check out EigenLayer’s official social media profiles on Twitter, Telegram, and other platforms to confirm the existence of the accounts. Verify their official social media pages to see if the airdrop notice has been published. By looking for the blue checkmark that shows that the account has been validated, you can make sure it’s real.
- Verify the announcement date: Verify the airdrop announcement date. If the news was made just recently, proceed with caution and conduct your study before joining in.
- Check the prerequisites: Verify what is necessary to take part in the airdrop. It’s probably a scam if they want sensitive information like secret keys or personal information.
- Check the method of distribution: An airdrop on a decentralized finance (DeFi) platform is used to distribute EigenLayer tokens. Verify the platform’s legitimacy by looking up the name of the platform.
- Verify the token distribution date: It should be made clear on what day the tokens will be issued. It can be a fraud if the distribution date is not stated or if it is stated but is too far in the future.
- In summary, Before taking part in any cryptocurrency airdrop, it is usually wiser to err on the side of caution and conduct research.
What are the risks of participating in an airdrop?
In the cryptocurrency world, airdrop fraud is quite widespread. To trick people into disclosing their private keys or other sensitive information, scammers fabricate bogus airdrops. They can take your money if they have access to your secret keys.
You may be asked to submit personal data for some airdrops, including your name, phone number, and email address. This data may be used for identity theft if it ends up in the wrong hands. You frequently need to download a wallet or other software in order to take part in airdrops. These downloads may include hidden malware, which could jeopardize your device’s security.
EigenLayer Airdrop Pros Or Cons
Pros of participating in an airdrop:
- Free EIG tokens: If the project is successful, the value of the free tokens may rise over time.
- Getting to know the project better: By taking part in the airdrop, you might learn more about EigenLayer and decide if it’s a project you want to support.
- Community connection: By taking part in the airdrop, you can meet others who are passionate about the initiative and perhaps develop lasting friendships.
Cons of participating in an airdrop:
- Uncertainty over the tokens’ worth: There is no assurance that the tokens you acquire will be valuable; in fact, they might lose value over time.
- Risk of scams: Due to the prevalence of phony projects and airdrops in the bitcoin industry, caution and due diligence are advised.
- Time and effort: Completing the duties necessary to take part in the airdrop can be demanding, and for some people, it may not be worthwhile.
EigenLayer Airdrop Final Verdicts
The innovative and exciting EigenLayer protocol has a lot to offer both developers and market participants. Users can improve their chances of being eligible for a prospective EigenLayer airdrop by following the instructions provided for interacting with the EigenLayer testnet.
The architecture of the protocol enables participants to leverage on their investments for larger benefits and offers countless innovation possibilities. Furthermore, EigenLayer is anticipated to strengthen the blockchain ecosystem by fostering increased security and innovation and drawing more users into the ecosystem.
What Liquid Staking Tokens will be supported on EigenLayerWhat Liquid Staking Tokens will be supported on EigenLayer
For the testnet, stETH and rETH will be supported. In the future, the EigenLayer community can discuss adding additional LSTs based on demand from service modules, who have the agency to decide what LSTs they will accept to be restaked. Discussions can be initiated on the EigenLayer
Why is there a 7-day withdrawal delay?Why is there a 7-day withdrawal delay?
EigenLayer is launching with a maximally conservative withdrawal delay, which is intended to only decrease over time.
What are Restaking PointsWhat are Restaking Points
Restaking Points are a measure of your total EigenLayer restaking activity – your contribution to shared security. Based on amount of ETH staked over time, in units of ETH per second. In the future, services may prioritize restake from demonstrably long-term committed restakers.Restaking Points are a measure of your total EigenLayer restaking activity – your contribution to shared security. Based on amount of ETH staked over time, in units of ETH per second. In the future, services may prioritize restake from demonstrably long-term committed restakers.