Hayden Adams, the founder and CEO of Uniswap, has shared his perspective on ethical considerations for fair token distribution, following recent community concerns over transparency in EigenLayer’s token distribution.
In a X post , Adams clarified that he was referring specifically to tokens, not points. He criticised practices that involve teasing or creating ambiguity during token distribution to artificially boost engagement metrics.
Adams cautioned against public speculation, especially when teams are uncertain about future developments, advising against teasing token distribution details without intending to disclose them.
Members of the community expressed discontentment with EigenLayer’s recent airdrop announcement due to its non-transferable token structure, aggressive geo-restrictions, and a short snapshot period.
Adams strongly disapproved of low float tokens, considering them harmful, and expressed a preference for projects to distribute tokens openly to enable genuine price discovery on decentralised exchanges (DEX).
He criticised strategies involving excessively high token supplies to exploit people’s unit bias, deeming such approaches unnecessary. Adams encouraged token distributors to make a substantial portion of tokens available for distribution.
Adams cautioned against inadequate token distribution if the issuer does not believe the community deserves it and stressed the importance of not revealing token prices before or during distribution to avoid suspicions of prioritising quick wealth over real value.
He emphasised the need for token issuers to be thoughtful and transparent about their projects, releasing tokens they can stand behind to avoid criticism within the crypto community.
EigenLayer, an Ethereum restaking protocol, distributed an additional 28 million EIGEN tokens to over 280,000 wallets following its initial airdrop, responding to user concerns about program restrictions.