Eclipse, Layer 2 that combines technology from the Ethereum and Solana Blockchain has lived live with an airdorp of its $ es token.
The team behind the network shared that the initial distribution will take place in the next 30 days.
According to a press release shared with CoinDesk, a total of 1 billion $ es token has been -minted. In the supply, 15% were allocated to a provision of airdrop and liquidity for major community members and developers who supported the network from the beginning. 35% will support ecosy and research and development, which aims to assist the network scale.
The contributors will receive 19% of the supply, including team members, with a four -year vesting period and a three -year locking schedule. The remaining 31% is for early supporters and investors, subject to a three-year locking schedule to produce the long-term Eclipse roadmap.
The team also said the $ ES token serves many goals on the network. It acts as a gas token for the eclipse chain, and it also allows decentralized management. Token holders can vote on major protocol upgrades and fees structures, as the maximum amount can be obtained (Mev) Redistribution rates. The team also emphasized that the token utility could change over time with its decentralized management.
The eclipse network Went live in November 2024But not without controversy. Neel Somani, co-founder of eclipse labs and former CEO, is discharged from the company In May 2024 after he received some sexually misconfeding against him in X. Further controversy arrived in July when a CoinDesk investigation It is revealed that Somani secretly allocates a portion of the $ es supply to a polychain partner. Dealing with the Polychain partner no longer exists, an Eclipse speaker previously told CoinDesk.
Read more: VC Darling Eclipse finally initiated his Solana-Ethereum Blockchain Hybrid
