EIGEN Coin Listing on Major Exchanges
2024-10-02
Bittime - The EIGEN token is attracting attention in the crypto market with an initial price of $4.05 and an FDV of $6.8 billion. Programmatic Incentives v1 and listing on Binance drove demand, with trading volume reaching $413 million in 24 hours. Read more!
EIGEN Token Price
The initial price of the EIGEN token was $4.05, but it's FDV was $6.8 billion, according to information obtained from Coingecko. According to the Etherscan.io feature, the maximum number of tokens is 1.68 billion.
Its on-chain market capitalization is also $6.46 billion. Supply's market cap is $718 million. To create a healthy ecosystem, the Eigen Foundation aims to facilitate the development of decentralized services through EIGEN staking.
EigenLayer Released Programmatic
Additionally, EigenLayer has released Programmatic Incentives v1, which in the first year distributed approximately 66.95 million EIGEN tokens.
4% of the initial supply of circulating tokens will be allocated for staking and operational rewards. ETH and liquid staking token (LST) operators will receive 3% of these funds, and the final 1% will be owned by EIGEN stakeholders and operators.
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EIGEN Coins Listing
The EIGEN token received a lot of demand after being listed on several exchanges, especially after being listed on Binance.
It reached the fourth and third highest scores of 4.53 before dropping to an average of 4.30. Proving the interest of crypto traders, volume has reached over $413 million in the last 24 hours.
At the same time, Binance launched a number of trading pairs for EIGEN, such as EIGEN/USDT and EIGEN/FDUSD. Additionally, the exchange launched EIGEN perpetual contracts with up to 75 times leverage.
Conclusion
The EIGEN token has attracted significant interest in the crypto market, with an initial price of $4.05 and a high FDV value of $6.8 billion.
With a maximum total supply of 1.68 billion tokens, the on-chain market capitalization was recorded at $6.46 billion, while the supply market capitalization was around $718 million.
Eigen's foundation focuses on developing decentralized services through staking, which was strengthened by Programmatic Incentives v1 which distributed 66.95 million EIGEN tokens during the first year.
The token has grown in demand after being listed on several major exchanges, including Binance, where trading volume reached more than $413 million in the last 24 hours.
The launch of various trading pairs and perpetual contracts with up to 75x leverage also shows the amount of enthusiasm around EIGEN in the crypto market.
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