Eclipse Labs legally bars team members from claiming upcoming ES token airdrop for its Layer 2 chain

The Block

2025-06-26 17:36:54

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Eclipse 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. Esclipse has not set a date for the ES airdrop.

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