The Good Tech Companies - Celebrating The Success Of Zircuit’s ZRC EigenLayer Fairdrop

Episode Date: November 8, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/celebrating-the-success-of-zircuits-zrc-eigenlayer-fairdrop. With a first-of-its-kind distribution of 2% of ZRC tokens to eligible EIGEN holders, Zircuit has introduced a model of fairness and inclusivity in the Ethereum Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #zircuit, #chainwire, #press-release, #zircuit-announcement, #blockchain-development, #ethereum-blockchain, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Zircuit has introduced a model of fairness and inclusivity in the Ethereum staking ecosystem. The EIGEN Fairdrop provided equal shares to over 190,000 eligible EigEN holders. Within just the first week, over 51,000 users claimed their ZRC and this fair and community-first approach has garnered widespread appreciation.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Celebrating the success of Zerkit's ZRC Eigen Layer Fairdrop by Chainwire, Georgetown, Grand Cayman, November 8, 2024, Chainwire, Zerkit chain where innovation meets security, is thrilled to announce the success of its Eigen Fairdrop initiative. With a first-of-its-kind distribution of 2% of ZRC tokens to eligible eigenholders, Zerkit has introduced a model of fairness and inclusivity in the Ethereum staking ecosystem, underscoring a commitment to decentralization and community empowerment. The Eigen Fairdrop, an industry first, provided equal shares to over 190,000 eligible eigenholders

and moved away from traditional distribution models that often favor larger stakeholders. Within just the first week, over 51,000 users claimed their ZRC and this fair and community-first approach has garnered widespread appreciation across the crypto space. The Fairdrop includes a wide range of contributors to the eigenlayer ecosystem, extending beyond eigenstakers to support Uniswap liquidity providers, EtherFi EIGEN holders, and Renzo EZEIGEN holders. Greater than Sriram Kannan, founder of EigenLayer, praised Zerkit's approach, saying, Greater than, thrilled to see Zerkit introducing the first fair drop for Eigen holders with greater than 2% of their ZRC tokens. This is an amazing community

first approach, embodying greater-than fairness in the eigenlayer ecosystem, with everyone receiving the same greater-than amount. Greater-than-greater-than, the FairDrop, an industry milestone, supports Zerkit's vision of an inclusive Ethereum ecosystem and strengthens the eigenlayer network by recognizing all contributors. The initiative's snapshot, taken on October 8, 2024, at Ethereum block number 20,919,999, included wallets with a minimum of three IGON tokens while excluding core IGON layer team members and investors, keeping the focus on the community. Zerkit protects users from hacks through its built-in, automated AI techniques that guard against smart

contract exploits and malicious actors. Bolstered by its strong security infrastructure, Zerkit is the central hub for restaked assets featuring unparalleled security and allowing users to potentially earn industry-leading yields natively. With $1.8 billion in total value locked, TVL, Zerkit is the premier liquidity hub for restaked assets, ETH, BTC, LSTs, and LRTs, where users can receive stronger security guarantees and trust. During mainnet, users can bridge their assets and start staking to potentially earn rewards and airdrops from the Zerkit ecosystem at the liquidity hub. To learn more about Zerkituit, users can visit zircuit.com or read the developer docs at docs. Zircuit.com about Zircuit. Zircuit provides developers with advanced features and users

with peace of mind. Built by a team of Web3 security experts and PhDs, Zircuit merges high performance with unparalleled security, making it the safest choice for DeFi and S-taking. Users can visit zircid.com or follow us on Twitter, x at Zerkidil2. Contact Jennifer Zerkigin at Zerkid.com. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.