In a bold move to ensure fairness, Eclipse Labs has banned its team members from participating in the upcoming ES token airdrop. This decision aims to prevent insider selling and maintain trust in the Ethereum layer-2 ecosystem.
Why Did Eclipse Labs Ban Team Members from the ES Token Airdrop?
Eclipse Labs, the company behind a promising Ethereum layer-2 scaling solution, has taken a strict stance against insider advantages. Here’s what you need to know:
- Preventing Insider Selling: The ban targets team members and employees to avoid market manipulation.
- Token Lockup Period: ES tokens allocated to the team and investors will be locked for one year post-listing.
- Vesting Schedule: After the lockup, tokens will vest over three years to ensure long-term commitment.
Ethereum Layer-2 Solutions Gain Traction
Eclipse Labs’ decision reflects the growing importance of Ethereum layer-2 projects. With $65 million in funding, the project is poised to make waves in the crypto space.
What’s Next for the ES Token Airdrop?
While the airdrop date remains undisclosed, the community eagerly awaits further details. Eclipse Labs’ transparency could set a new standard for token distributions.
Conclusion
Eclipse Labs’ proactive measures highlight its commitment to fairness and long-term growth. By addressing insider selling head-on, the project strengthens trust in the Ethereum layer-2 ecosystem.
Frequently Asked Questions (FAQs)
- Why did Eclipse Labs ban team members from the ES token airdrop?
To prevent insider selling and ensure fair distribution. - How long is the lockup period for ES tokens?
One year after the public listing, followed by a three-year vesting period. - How much funding has Eclipse Labs raised?
Approximately $65 million. - When will the ES token airdrop occur?
The exact date has not been announced yet.
