This Altcoin Airdrop has been banned! Some individuals have been prohibited from participating in the Airdrop! Here are the details...

Recently, airdrop fiascos occurred in the Crypto sector. While this situation casts a shadow over the token launches of projects, Eclipse Labs has taken some precautions for the upcoming ES token airdrop.

According to The Block’s report, Eclipse Labs has banned team members from participating in the upcoming ES token airdrop.

Airdrop Ban Has Arrived!

Eclipse Labs, a layer-2 scaling solution for Ethereum (ETH), has banned team members and employees from participating in the upcoming ES token airdrop.***

It was stated that this move by Eclipse Labs was planned to prevent insider sales that have recently affected the market.

Eclipse Labs stated that it has signed an agreement prohibiting all employees from making airdrop requests and requested to exclude all wallet addresses, including test wallets.

“Eclipse Labs employees signed a document prohibiting them from requesting any ES airdrop and excluding the possibility of participating in airdrops, providing all addresses regardless of whether they were used for (test or not ).”

Eclipse also stated that the ES tokens allocated to its team and investors will be subject to a one-year lock-up period after the public offering and then a three-year vesting period.

“All employee and investor allocations will be locked for one year following the public listing and will be gradually unlocked over a period of three years.”

The project has raised approximately 65 million dollars in total so far, but has not yet set a specific date for the ES token airdrop.

*This is not investment advice.

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