Celebrating the Success of Zircuit’s ZRC EigenLayer Fairdrop By Chainwire
George Town, Grand Cayman, November 8, 2024, Chainwire
Zircuit, the series where innovation meets security, is pleased to announce the success of its EIGEN Fairdrop program. With the initial distribution of 2% of ZRC tokens to eligible EIGEN holders, Zircuit has introduced a model of fairness and inclusion to a critical ecosystem, emphasizing a commitment to decentralization and community empowerment.
The EIGEN Fairdrop, an industry first, offered equity shares to more than 190,000 eligible EIGEN shareholders and departed from traditional distribution models that typically favor large shareholders. Within just the first week, more than 51,000 users claimed ZRC as their own and this fair and social initiative has gained wide recognition throughout the crypto space.
Fairdrop brings together various participants in the EigenLayer ecosystem, which goes beyond EIGEN stakeholders to support financial providers, EtherFi eEIGEN owners, and Renzo ezEIGEN owners.
Sreeram Kannan, Founder of EigenLayer, praised Zircuit’s approach, saying, “It is exciting to see Zircuit launch the first Fairdrop for EIGEN holders for 2% of their ZRC tokens. This is an amazing way for the community to start, which includes fairness in the EigenLayer ecosystem, where everyone gets the same value. “
Fairdrop, an industry milestone, supports Zircuit’s vision of an inclusive Ethereum ecosystem and strengthens the EigenLayer network by recognizing all contributors. A snapshot of the program, taken on October 8, 2024, at Ethereum Block #20919999, included wallets with a minimum of 3 EIGEN tokens while excluding EigenLayer team members and investors, which is community focused.
Zircuit protects users from hacks by using its built-in, automated AI techniques that protect against smart contract exploits and malicious actors. Backed by its strong security infrastructure, Zircuit is a central hub for resale goods that features unmatched security and allows users to enjoy industry-leading benefits naturally. With $1.8 billion in Total (EPA:) Value Locked (TVL), Zircuit is the main hub for real-estate assets (ETH, BTC, LSTs, and LRTs) where users can find strong security guarantees and trust.
During the Mainnet, users can pool their assets and start participating to earn rewards and airdrops from the Zircuit ecosystem on the Liquidity Hub.
To learn more about Zircuit, users can visit circuit.com or read the developer documentation at docs.zircuit.com
About the Circuit
Zircuit provides developers with advanced features and users with peace of mind. Built by a team of web3 security experts and PhDs, Zircuit combines high performance with unmatched security, making it the safest option for DeFi and staking. Users can visit circuit.com or follow us on Twitter/X @ZircuitL2.
Contact personJenniferCircuitjen@circuit.com
This article was originally published on Chainwire
