• Ran Neuner criticized EigenLayer as a potential “VC scam.”
• EigenLayer’s Whitepaper reveals allocations for airdrops, community initiatives, ecosystem development, and initial investors.
• Despite recent protocol updates, Neuner remains skeptical.

Ran Neuner, host of CNBC’s “Crypto Trader” and founder of Crypto Banter, recently criticized the Ethereum-based Liquid re-staking protocol EigenLayer, labeling it a potential “VC scam.” Neuner made his stance known through an X post, stating that the project is “a scheme where VC insiders fleece retail investors again.” 

Neuner’s statements followed Eigen’s launch of its Whitepaper on April 29. The re-staking protocol revealed plans to issue 1.67 billion EIGEN tokens. Per its whitepaper, Eigen will distribute 15% of the tokens for airdrops and allocate another 15% for community initiatives. In addition, it targets 15% for ecosystem development and 29.5% for the initial token investors.

The protocol also disclosed that it would reward early contributors with 25.5% of the total token supply. These tokens, however, will be locked up for three years. The lockup includes a complete freeze in the first year, …

The post Ran Neuner Criticizes EigenLayer’s Token Distribution Strategy appeared first on Coin Edition.

• Ran Neuner criticized EigenLayer as a potential “VC scam.”
• EigenLayer’s Whitepaper reveals allocations for airdrops, community initiatives, ecosystem development, and initial investors.
• Despite recent protocol updates, Neuner remains skeptical.

Ran Neuner, host of CNBC’s “Crypto Trader” and founder of Crypto Banter, recently criticized the Ethereum-based Liquid re-staking protocol EigenLayer, labeling it a potential “VC scam.” Neuner made his stance known through an X post, stating that the project is “a scheme where VC insiders fleece retail investors again.” 

Neuner’s statements followed Eigen’s launch of its Whitepaper on April 29. The re-staking protocol revealed plans to issue 1.67 billion EIGEN tokens. Per its whitepaper, Eigen will distribute 15% of the tokens for airdrops and allocate another 15% for community initiatives. In addition, it targets 15% for ecosystem development and 29.5% for the initial token investors.

The protocol also disclosed that it would reward early contributors with 25.5% of the total token supply. These tokens, however, will be locked up for three years. The lockup includes a complete freeze in the first year, …

The post Ran Neuner Criticizes EigenLayer’s Token Distribution Strategy appeared first on Coin Edition.