- Linea has revealed token launch plans.
- The token launch plans come amid the project’s push for decentralization.
- The project asserts that it is in the first phase of its decentralization roadmap.
2024 has seen the resurgence of crypto airdrops, particularly in the Ethereum Layer 2 space. This year alone, the ecosystem has seen airdrops from Manta Pacific, Starknet, ZKsync, and Scroll. But there is still more to come.
Sponsored
The latest project to unveil token launch plans, including a potential airdrop, is ConsenSys-backed Ethereum Layer 2, Linea, which is charting a path toward greater decentralization.
LINEA Is Coming
ConsenSys-backed Ethereum Layer 2, Linea, has revealed its token launch plans, including an airdrop. On Wednesday, November 13, the project disclosed that it would hold a LINEA token generation event at the end of Q1 2025 to allow token holders to participate in governance.
However, the team has yet to release details regarding the token’s supply and allocation, promising to release them before the distribution event. The project has also yet to conduct a snapshot.
The token launch is part of a broader Linea plan to achieve greater decentralization.
Linea Introduces Linea Association
As part of this broader decentralization plan, Linea has unveiled a new Swiss-based non-profit independent of ConsenSys, called the Linea Association, to advance the growth, development, and governance of the Linea ecosystem. The Linea Association will aim to achieve this by supporting Linea mainnet development activity, decentralization efforts, and ecosystem development.
The Association will have a board of directors, a general assembly, employees reporting to an executive director, and a token governance body. As Linea explained, token holders could govern several aspects of the Association’s activities.
"The establishment of the Linea Association ensures that the protocol's future lies in the hands of its community, empowering users and developers to shape its trajectory collaboratively and transparently," Linea founder and Linea Association board member Nicholas Liochon asserted in a statement.
Linea asserts that it is in the first phase of its decentralization roadmap, which involves open-sourcing its code base and generating proofs for all EVM opcodes.
On the Flipside
- Linea has yet to offer a specific date for the token generation event.
- Details of the token’s tokenomics also remain sparse.
- Recent Ethereum Layer 2 airdrops have left recipients disappointed.
Why This Matters
Linea is TVL’s second-largest ZK Ethereum rollup. The network claims to have more than 1.3 million human-verified addresses.
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