Linea Unveils Tokenomics with 72 Billion LINEA Tokens

The postponement of Linea's Token Generation Event to Q1 2025 highlights the growing interest in its tokenomics model and airdrop eligibility for early users.

ETH

Summary

Linea, the Ethereum Layer 2 network by ConsenSys, has announced its tokenomics model, revealing a total supply of 72 billion LINEA tokens and a 9% allocation for airdrops. The Token Generation Event (TGE) is now set for Q1 2025. Early users can earn airdrops through the LXP points system, with initial market estimates suggesting LINEA tokens may be valued between $0.035 and $0.06 during the TGE, while ETH will serve as the gas token on the network.

Terms & Concepts
  • Airdrop: A distribution of tokens or cryptocurrencies to multiple wallet addresses, often for promotional purposes.
  • Liquidity Provider (LP): An individual or entity that provides liquidity to a market by supplying assets for trading.
  • Ecosystem Fund: A pool of resources allocated to support the development and growth of a cryptocurrency ecosystem.