Eclipse Launches $ES Airdrop, Distributing 15% of Token Supply

7 hours ago

Eclipse, the furniture 2 that combines exertion from the Ethereum and Solana blockchains has gone unrecorded with an airdorp of its $ES token.

The squad down the web shared that the archetypal organisation volition hap implicit the adjacent 30 days.

According to a property merchandise shared with CoinDesk, a full of 1 cardinal $ES tokens person been minted. Of the supply, 15% is allocated to an airdrop and liquidity provisions for halfway assemblage members and developers who person supported the web from the start. 35% volition enactment ecosystem maturation and probe and development, aimed to assistance standard the network.

Contributors volition person 19% of the supply, including squad members,with a 4 twelvemonth vesting play and 3 twelvemonth lockup schedule. The remaining 31% is for aboriginal supporters and investors, who are taxable to a 3 twelvemonth lockup docket successful bid to perpetrate with Eclipse’s roadmap long-term.

The squad besides said that the $ES token serves respective purposes connected the network. It acts arsenic the state token for the Eclipse chain, and it besides enables decentralized governance. Token holders volition beryllium capable to ballot connected cardinal protocol upgrades and interest structures, specified arsenic Maximal Extractable Value (MEV) redistribution rates. The squad besides emphasized that the token’s inferior whitethorn germinate implicit clip with its decentralized governance.

The eclipse web went unrecorded successful November 2024, but not without immoderate controversy. Neel Somani, Eclipse Labs' co-founder and erstwhile CEO, was ousted from the company successful May 2024 aft helium received immoderate intersexual misconduct allegations against him connected X. Further contention came successful July erstwhile a CoinDesk investigation revealed that Somani had secretly allocated an outsize stock of the $ES proviso to a spouse astatine Polychain. That woody with the Polychain spouse nary longer exists, a spokesperson astatine Eclipse antecedently told CoinDesk.

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