Eclipse Labs Bars Team from ES Token Airdrop—No Free Lunch for Insiders
Eclipse Labs slams the door on team members grabbing easy ES tokens—because nothing says 'decentralization' like preventing your own devs from gaming the system.
Self-regulation or PR stunt?
The move comes as airdrop abuse scandals plague crypto projects. Eclipse claims it's setting 'new integrity standards'—just don't ask about their vesting schedules.
The fine print:
Zero team allocations, full community focus. A rare W for retail investors in a space where VCs usually eat first. (Pro tip: Watch the wallet activity anyway.)
Closing thought: If this were TradFi, they'd call it 'insider trading prevention.' In crypto? It's a marketing bullet point.
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In addition to the participation ban, Eclipse has implemented a strict vesting structure for team and investor token allocations. All such holdings will be locked for 12 months following the project’s public listing, after which they will be gradually released over a three-year vesting schedule.
The project, which has raised approximately $65 million to date, has not yet announced when the airdrop will take place. However, its commitment to internal discipline and investor safeguards sets it apart from peers in an increasingly skeptical market.
