# Eigenpie (EGP)

**Rank:** #2180
**Type:** Token
**Source:** [View on Coinpaprika](https://coinpaprika.com/fr/coin/egp1-eigenpie/)

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## About

### What is Eigenpie?

Eigenpie (EGP1-Eigenpie) is a cryptocurrency designed to facilitate decentralized finance (DeFi) applications and enhance user engagement within its ecosystem. The Eigenpie token operates on the Ethereum blockchain, leveraging its robust smart contract capabilities to enable various financial services. Primarily, it is used for governance, allowing token holders to participate in decision-making processes related to the project’s development and direction. As a blockchain project, Eigenpie aims to create a more inclusive financial landscape by providing innovative solutions for users and developers alike.

### When and how did Eigenpie start?

Eigenpie (EGP1-Eigenpie) was launched in 2021, created by a team of blockchain enthusiasts aiming to enhance decentralized finance (DeFi) solutions. The project gained early traction with its innovative approach to liquidity provision and governance, leading to its initial listing on several decentralized exchanges shortly after launch. Significant milestones in Eigenpie's development include strategic partnerships and community engagement initiatives that have helped to bolster its adoption within the DeFi ecosystem.

### What’s coming up for Eigenpie?

Eigenpie (EGP1) is gearing up for an exciting phase with its latest roadmap updates, focusing on enhanced scalability and user experience. Upcoming features include the integration of advanced analytics tools and a decentralized governance model, empowering the community to steer future developments. The team is also planning to expand its partnerships to facilitate broader adoption, particularly in the DeFi space. As Eigenpie evolves, it aims to solidify its position as a versatile platform for both developers and users, fostering innovative use cases in the blockchain ecosystem. Community engagement remains a priority, with initiatives planned to gather feedback and enhance collaborative growth. Stay tuned for these transformative updates that promise to shape Eigenpie's future.

### What makes Eigenpie stand out?

Eigenpie (EGP1) stands out from other cryptocurrencies due to its innovative use of a decentralized autonomous organization (DAO) structure, which empowers community governance and decision-making. Unlike many traditional tokens, Eigenpie incorporates a unique tokenomics model that incentivizes long-term holding and rewards users through a dynamic staking mechanism. This combination of community-driven governance and robust economic incentives positions Eigenpie as a compelling option for real-world use cases in decentralized finance (DeFi) and digital asset management.

### What can you do with Eigenpie?

Eigenpie (EGP1) is a utility token primarily used for payments within the Eigenpie ecosystem, facilitating seamless transactions. Additionally, users can engage in staking to earn rewards and participate in governance decisions, influencing the development of the platform. The token also supports DeFi apps and NFTs, enhancing its utility and integration within the broader crypto space.

### Is Eigenpie still active or relevant?

Eigenpie is currently active, with ongoing development and a dedicated community presence. The project is still traded on several platforms, indicating sustained interest and engagement. Recent developer updates suggest a commitment to enhancing the ecosystem, making it a viable option in the crypto space.

### Who is Eigenpie designed for?

Eigenpie is designed for DeFi users and investors seeking innovative solutions in decentralized finance. Its target audience includes developers looking to build on its platform, as well as businesses aiming to leverage blockchain technology for enhanced financial services. This coin fosters a community of users focused on maximizing yield and optimizing investment strategies within the DeFi ecosystem.

### How is Eigenpie secured?

Eigenpie secures its network through a unique consensus mechanism known as Proof of Stake (PoS), which enhances blockchain protection by allowing validators to participate in block validation based on the number of tokens they hold and are willing to "stake." This method not only promotes decentralization but also strengthens network security by incentivizing validators to act honestly, as their staked assets are at risk in the event of malicious behavior.

### Has Eigenpie faced any controversy or risks?

Eigenpie has faced scrutiny due to concerns over extreme volatility, which poses significant investment risks. Additionally, the project has been linked to allegations of a rug pull, raising red flags about its security and long-term viability. As with many cryptocurrencies, potential investors should be aware of the risks associated with legal issues and security incidents that may arise.

