Zircuit Empowers Community with 2% Token Distribution to EIGEN Holders

On November 8, 2024, Zircuit announced the successful execution of its EIGEN Fairdrop initiative in George Town, Grand Cayman. This groundbreaking event involved distributing 2% of ZRC tokens to over 190,000 eligible EIGEN holders. The snapshot for this distribution was taken on October 8, 2024, at a specific Ethereum block, ensuring that core team members and investors were excluded in favor of community-focused equity. This Fairdrop is notable for its inclusivity, benefiting a range of contributors, including Uniswap liquidity providers and holders of EtherFi eEIGEN and Renzo ezEIGEN tokens. By moving away from distribution models that favor larger stakeholders, Zircuit aims to foster a more equitable Ethereum staking ecosystem, emphasizing decentralization and community empowerment. Sreeram Kannan, Founder of EigenLayer, commended Zircuit for its innovative approach that prioritizes fairness. The initiative solidifies Zircuit's vision of building an inclusive Ethereum ecosystem while enhancing the EigenLayer network. Zircuit's commitment extends beyond Fairdrop, with robust security measures in place to protect users from potential hacks, leveraging automated AI techniques. Currently holding a Total Value Locked of $1.8 billion, Zircuit serves as a premier liquidity hub for various restaked assets, offering an opportunity for users to engage in staking and earn rewards in a secure environment.