Eclipse Labs Bans Team from ES Token Airdrop to Prevent Insider Abuse
We may earn commissions from affiliate links or include sponsored content, clearly labeled as such. These partnerships do not influence our editorial independence or the accuracy of our reporting. By continuing to use the site you agree to our terms and conditions and privacy policy.
As airdrop controversies continue to shake confidence across the crypto sector, Eclipse Labs is taking proactive steps to distance itself from recent missteps by other projects.
The Ethereum Layer 2 developer has imposed strict internal restrictions ahead of its upcoming ES token airdrop, aiming to demonstrate a commitment to fairness and transparency.
According to a report by The Block, Eclipse Labs has officially banned all team members from participating in the airdrop. The company required employees to sign agreements pledging not to claim ES tokens and to submit all wallet addresses—including those used for testing—for exclusion.
This preemptive move is designed to eliminate any risk of insider trading, a concern that has plagued several recent token distributions and damaged public perception.
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.
Commentaries 
Fill in necessary fields and publish