Eclipse Labs legally bars team members from claiming upcoming ES token airdrop for its Layer 2 chain
Quick Take Eclipse banned employees and staffers from the upcoming ES airdrop. The Layer 2 developer, which previously raised $65 million, claimed that the move should ensure a fully community-driven token launch.
Eclipse Labs has blocked team members and employees from participating in its upcoming ES token airdrop, aiming to stop insider supply games that have soured recent launches. The Layer 2 developer stated on Wednesday that every staffer had signed an agreement forbidding airdrop claims and submitted all wallet addresses—including test wallets—for exclusion.
Airdrop farming by crypto teams has become a flashpoint after several high-profile projects reportedly used test wallets to hoard launch tokens. “This is a tactic used to obfuscate the real circulating supply of the token,” Eclipse stated . “This will not happen with $ES.”
Eclipse claims its lock-ups and exclusions will provide real users with the full community pool and present a transparent circulating supply on day one. Team and investor tokens will be locked for one year after the public listing and then unlocked over a three-year vesting period.
Founded in 2022, the Layer 2 developer launched its Ethereum-connected rollup, which runs the Solana Virtual Machine (SVM), in November 2024. The network, self-described as the first Layer 2 network on Ethereum to tap SVM technology, aims to combine the speed of Solana with the security of Ethereum.
The project raised approximately $65 million to date , including a $50 million Series A round led by Placeholder and Hack VC in late 2024. Esclipse has not set a date for the ES airdrop.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Morning Brief | The US Senate has passed a procedural vote on the "end government shutdown plan"; About 4.64 million bitcoins have been moved out of dormant wallets this year; Monad token public sale will start on November 17
Overview of major market events on November 10.

【Calm Order King】Trader achieves 20 consecutive wins: Who can stay calm after watching this?

ERC-8021: Ethereum’s ‘copy Hyperliquid’ moment, a new way for developers to make a fortune?

Morgan Stanley: The End of Fed QT ≠ Restart of QE, Treasury's Issuance Strategy Is the Key
Morgan Stanley believes that the end of the Federal Reserve's quantitative tightening does not mean a restart of quantitative easing.

Trending news
MoreMorning Brief | The US Senate has passed a procedural vote on the "end government shutdown plan"; About 4.64 million bitcoins have been moved out of dormant wallets this year; Monad token public sale will start on November 17
【Calm Order King】Trader achieves 20 consecutive wins: Who can stay calm after watching this?
