Odaily News The re-staking protocol EigenLayer plans to open token applications on May 10. The newly established independent non-profit Eigen Foundation will become the entity that issues tokens. The total supply of Eigen tokens at the time of issuance is 1.67 billion. The foundation has allocated 45% of the tokens to its community, which is further divided into equity investment (15%), community initiatives (15%), and ecosystem development (15%). In addition, 29.5% of the tokens will be allocated to investors, while early contributors will receive 25.5%. It is reported that the total lock-up period for investors and early contributors is three years. The first year involves a full lock-up, followed by a gradual release of its total holdings at a rate of 4% per month over the next two years. (TheBlock)