Eclipse Unveils Tokenomics for ES Token with 1 Billion Supply

The Eclipse Foundation introduces its ES token, allocating 10% for airdrops and emphasizing community engagement through various participation metrics.

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Summary

The Eclipse Foundation has launched its native ES token, issuing a total of 1 billion tokens. Of these, 10% (100 million) will be distributed through airdrops, while 5% will be allocated for liquidity. The distribution criteria include on-chain activities in the Turbo Tap game, social media performance, and Discord participation. The airdrop will commence on Wednesday and is set to conclude within 30 days, with further details on snapshots to be provided to prevent manipulation.

Terms & Concepts
  • Gas token: A type of cryptocurrency used to pay for transaction fees and computational services on a blockchain network.
  • Decentralized governance: A system where token holders vote on decisions affecting the blockchain, promoting community involvement and transparency.
  • Tokenomics: The study and design of the economic model of a cryptocurrency, including its supply, distribution, and incentives.