Eclipse Labs legally bars team members from claiming upcoming ES token airdrop for its Layer 2 chain
Powered by ChatGPTEclipse 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. Esclipsehas not set a date for the ES airdrop.