What Is the EIGEN Token?

The EIGEN token is a universal intersubjective work token designed for EigenLayer, enabling security for various digital tasks that are not just objectively verifiable but also intersubjectively attributable. Unlike traditional work tokens that are tied to one specific digital task or objective faults (verifiable on-chain), EIGEN addresses a broader category of faults where multiple external observers agree on whether the task was performed correctly. This expands the range of tasks that can be securely managed on a blockchain. EIGEN tokens are used for: * Staking for intersubjective faults on the EigenLayer platform. * Performing validation tasks across various Actively Validated Services (AVS). * Incentivizing and penalizing operators based on their performance.

What Are Intersubjectively Attributable Faults?

Intersubjectively attributable faults are errors or failures in digital tasks that can’t necessarily be proven with cryptographic or on-chain evidence but can be agreed upon by external observers. Examples include: * Data availability: Determining whether data is accessible across the network. * AI inference accuracy: Evaluating AI model predictions within a certain margin of error. * Oracle price inputs: Verifying the correctness of reported real-world data. The EIGEN token aims to secure services dealing with these intersubjective faults and ensure penalties are applied when operators deviate from expected behavior.

How Does EIGEN Token Staking Work?

EIGEN token staking involves locking up tokens as collateral for operators to perform validation and coordination tasks. The key ideas behind staking with EIGEN are:

How Many EIGEN Tokens Are in Circulation?

The EIGEN token supply details will depend on the platform's issuance policies. As of the time of its release, the tokenomics structure and total supply may be influenced by staking rewards, slashing events, and issuance for AVS security.

What Makes EIGEN Unique?

EIGEN is designed to resolve faults in decentralized tasks that are agreed upon by multiple external observers. Unlike traditional tokens that focus solely on objectively verifiable tasks, EIGEN addresses faults that may not be provable on-chain but are clearly identifiable off-chain. Its universality allows it to secure various tasks across many services on the EigenLayer platform.

Who Can Use the EIGEN Token?

The EIGEN token can be utilized by AVS developers, validators, and operators looking to secure services that require intersubjective agreement. It plays a complementary role to ETH restaking, where ETH can secure objectively verifiable tasks and EIGEN handles more subjective faults.

What tools does Nimbus offer for effortlessly monitoring EigenLayer?

Nimbus provides a user-friendly tracking solution equipped with intuitive tools to monitor EigenLayer effortlessly. These tools are specifically designed for user convenience, allowing individuals to stay seamlessly updated on the latest trends, prices, and information related to EigenLayer. Users can also explore the world of cryptocurrency effortlessly while simultaneously tracking EigenLayer prices. The platform also offers insights into profit and loss, providing a comprehensive experience without the complexity typically associated with monitoring cryptocurrencies.

How does Nimbus enable tracking EigenLayer prices with profit and loss?

Nimbus facilitates the tracking of EigenLayer prices with profit and loss through seamless integration with your crypto wallet for portfolio monitoring. By connecting with your crypto wallet, Nimbus provides a clear and comprehensive overview of various metrics, including profits, losses, revenue, expenses, return on investment (ROI), and other essential financial indicators. This integration ensures that users can analyze their cryptocurrency portfolio with precision, gaining valuable insights into their financial performance. With Nimbus, users can navigate the cryptocurrency landscape with a perfect blend of simplicity and sophistication, enhancing their ability to make informed investment decisions.

How does Nimbus analyze EigenLayer, and what insights does it provide?

Certainly! Nimbus possesses a robust analysis tool that is adept at evaluating and interpreting EigenLayer . The tool employs diverse strategies, including delving into metadata details, tracking marketplace data, and calculating performance metrics such as Return on Investment (ROI). Through these methodologies, Nimbus provides users with valuable insights into the composition and performance of their EigenLayer. Users can gain a comprehensive understanding of their investment. The analysis tool ensures that users are equipped with the necessary information to navigate the cryptocurrency landscape with confidence and intelligence.

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EIGEN Market Statistics

  • Price USD

    $3.80
  • Market Cap

    $708,651,982.53
  • Total Volume USD

    $561,880,649.38
  • Total Supply

    1,681,371,191.37 EIGEN
  • Circulating Supply

    186,582,000.00 EIGEN
  • Fully Diluted Market Cap

    $6,385,969,858.45
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