EigenLayer Removes Transfer Restrictions on Its EIGEN Token, Now Trading on Cryptocurrency Exchanges

EigenLayer, the Ethereum-based restaking protocol, has officially removed transfer restrictions on its native EIGEN token, allowing holders to move and trade their assets freely.

key takeaways

EigenLayer, a restaking protocol on Ethereum, has lifted the transfer restrictions on its native EIGEN token, enabling holders to move and trade their assets freely. The token became transferable at midnight EST.

Several major cryptocurrency exchanges, including Binance and MEXC, are set to list EIGEN for trading on October 1 at 05:00 UTC. This broader exchange availability is expected to increase liquidity and accessibility for the token.

Unlike traditional governance tokens, EIGEN is designed as a “Universal Intersubjective Work Token.” According to EigenLayer's blog post, the token aims to address challenges of “universality, isolation, metering, and compensation” while leveraging social consensus and forking mechanisms to execute various digital tasks securely.

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