Linea Prepares for Token Generation Event
Linea, the Ethereum Layer 2 network developed by Consensys, has launched an airdrop eligibility checker ahead of its upcoming LINEA token generation event (TGE) on September 10. This move allows users to verify their eligibility before the official distribution begins.
A snapshot of eligible participants was taken in July, with 9.36 billion LINEA tokens set to be distributed to those who engaged in Linea’s incentive campaigns, including Linea Voyage (LXP) and Linea Surge (LXP-L).
Airdrop Claims and Distribution
The airdrop, managed by the Linea Association, runs from September 10 to December 9, giving participants 90 days to claim their tokens. Any unclaimed tokens will return to the Linea Consortium Ecosystem Fund, which supports both the Linea and Ethereum ecosystems.
In total, 749,662 wallets are eligible. Distribution is based on seven LXP tiers, with boosts for early adoption, consistent activity, and MetaMask usage. Liquidity providers also receive linear rewards through LXP-L, while 1% of the supply is reserved for ecosystem builders contributing to long-term growth.
LINEA Tokenomics
The LINEA token model mirrors Ethereum’s original distribution. Key details include:
- 85% allocated to the ecosystem, with 10% going to early users and builders via the airdrop and 75% reserved for a 10-year Ecosystem Fund.
- 15% allocated to Consensys, locked for five years.
- No allocation for team members or private investors, and no tokenholder governance. Strategic decisions will instead be managed by the Linea Consortium, which includes Ethereum-native organizations like Consensys, Eigen Labs, ENS, SharpLink, and Status.
According to Linea, this approach avoids the risks of token-based voting and ensures that resources are directed toward long-term ecosystem development.
Fighting Sybil Attacks
Linea emphasized its commitment to fair distribution. More than 800,000 sybil accounts were eliminated, ensuring rewards go to real users. Proof-of-Humanity checks and minimum thresholds were used to strengthen sybil resistance.
“By distributing tokens to around 750,000 wallets with no hidden supply games, we’re building true community ownership,” said Linea Product Lead Declan Fox.
Deflationary Mechanism and Future Outlook
Once the token launches, 20% of all Linea transaction fees (paid in ETH) will be burned at the protocol level, while the remaining 80% will be used to burn LINEA tokens. This dual mechanism makes LINEA a deflationary Layer 2 token, a first among Ethereum scaling networks.
Linea, a zkEVM leveraging ZK-rollup technology, has been live since July 2023 and remains compatible with Ethereum-based applications. The upcoming TGE represents what the project calls the beginning of a new chapter, focused on community ownership and strengthening Ethereum’s future.
