Eclipse Token Launch and Distribution Details
Eclipse, a Layer 2 blockchain that merges Ethereum’s security with Solana’s speed, has announced the launch of its native token, $ES. The team plans to distribute 15% of the total 1 billion $ES tokens through an airdrop over the next 30 days. (nftevening.com)
Token Distribution Breakdown
The $ES token allocation is structured as follows:
- Airdrop and Liquidity Provisions (15%): This portion is designated for core community members and developers who have supported Eclipse from its inception.
- Ecosystem Growth and R&D (35%): Aimed at scaling the network and fostering innovation within the ecosystem.
- Contributors (19%): This includes team members, with a four-year vesting period and a three-year lockup schedule.
- Early Supporters and Investors (31%): Subject to a three-year lockup to ensure long-term commitment to Eclipse’s roadmap.
Ensuring Fair Distribution
To maintain transparency and fairness, Eclipse Labs has legally barred its employees from participating in the airdrop. All team members have signed agreements prohibiting them from claiming
$EStokens, and their wallet addresses have been excluded from eligibility. This measure aims to prevent insider manipulation and ensure that the airdrop benefits the broader community. (theblock.co)
Utility of $ES Token
The $ES token serves multiple functions within the Eclipse network:
- Gas Token: Facilitates transactions on the Eclipse chain.
- Governance: Empowers token holders to vote on protocol upgrades and fee structures, including decisions on Maximal Extractable Value (MEV) redistribution rates.
The team emphasizes that the token’s utility may evolve over time through decentralized governance. (nftevening.com)
Background and Development
Eclipse launched its mainnet in November 2024, introducing a hybrid blockchain that leverages the Solana Virtual Machine (SVM) for transaction execution while settling on Ethereum. This design aims to combine Ethereum’s robust security and liquidity with Solana’s high-speed, low-cost performance. (nftevening.com)
The project has attracted over 60 decentralized applications and integration partners, including platforms like Pinksale Finance, Gecko Terminal, and Invariant. To date, Eclipse has processed more than 20.9 billion transactions, with an average throughput of approximately 1,676 transactions per second (TPS). (nftevening.com)
Community Engagement and Future Prospects
Eclipse has actively engaged its community through initiatives like the Turbo Tap game, where participants can earn points that may contribute to future rewards. The team has also launched an airdrop eligibility checker, allowing users to verify their status and prepare for the upcoming claim period. (airdrops.io)
With a clear strategy, strong technology, and a rapidly growing community, Eclipse is positioning itself as a notable player in the Layer 2 blockchain space. The upcoming airdrop and token generation event mark significant milestones in the project’s journey, reflecting its commitment to transparency, fairness, and community-driven development.
As the blockchain landscape continues to evolve, Eclipse’s approach to combining Ethereum’s security with Solana’s performance offers a compelling solution to scalability challenges, potentially setting a new standard for Layer 2 networks.