Zircuit Completes EIGEN Fairdrop, Pioneers Fair Token Distribution

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Zircuit, a blockchain platform known for its focus on both innovation and security, has successfully completed its EIGEN Fairdrop initiative. This groundbreaking event saw 2% of ZRC tokens distributed to eligible EIGEN token holders, marking a new approach to fairness and inclusivity in the Ethereum staking world. The initiative reflects Zircuit’s dedication to decentralization and empowering its community.

The EIGEN Fairdrop stands out as a first-of-its-kind event in the crypto industry. Over 190,000 EIGEN holders received an equal share of the ZRC tokens, regardless of how much they originally held. This model breaks away from the typical token distribution methods that usually favor larger investors. Within just the first week, more than 51,000 users claimed their ZRC tokens, showing widespread approval and excitement for this community-first approach.

The Fairdrop didn’t just cater to EIGEN stakers. It also rewarded various other participants in the EigenLayer ecosystem, including Uniswap liquidity providers, EtherFi eEIGEN holders, and Renzo ezEIGEN holders. This broad inclusion highlights Zircuit’s aim to recognize all contributors across the ecosystem.

EigenLayer’s founder, Sreeram Kannan, applauded Zircuit’s innovative Fairdrop, calling it a fair and community-centered move that ensures everyone gets an equal share. The snapshot used to determine eligibility was taken on October 8, 2024, at Ethereum Block #20919999. It included wallets with at least 3 EIGEN tokens and excluded core team members and investors to ensure the focus remained on rewarding the community.

On top of its commitment to fairness, Zircuit also prioritizes security. It uses advanced AI-driven technology to protect users from smart contract hacks and malicious activity. With a robust security infrastructure and $1.8 billion in Total Value Locked (TVL), Zircuit is the go-to platform for staking restaked assets like ETH and BTC. Users not only benefit from high security but can also potentially earn some of the best yields in the industry.

As part of its mainnet launch, Zircuit is offering users the chance to bridge their assets and start staking. By doing so, they can potentially earn rewards and even qualify for future airdrops within the Zircuit ecosystem through its Liquidity Hub.

To learn more about Zircuit’s features and offerings, users can visit their official website or explore the detailed developer documentation online.

Zircuit aims to provide developers with powerful tools while ensuring user security is top-notch. Created by a team of experts in web3 security, Zircuit combines high performance with exceptional safety standards, making it a trusted platform for decentralized finance (DeFi) and staking solutions.

  • Advika

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