Linea will launch a token (and give 85% of the supply)

The line network, the layer 2 solution developed by consensys on Ethereum, will launch at the end of the year a native token and will allocate 85 % of its total supply to encourage the community and the growth of the ecosystem, while reserving the remaining 15 % for the Consensys treasury.

The total line of line supply is 72,009,990,000 line, which is 1,000 times the initial circulating supply of Eth. It is designed to reinforce economic integration with Ethereum through a dual commission burning model.

As cryptootics reported, ETH is the line gas token. 20% of the fees paid with Ether (ETH) online will be removed from supply permanently. A line will not be used to pay gas or transactions in the second layer.

20% of all net transaction rates paid in the Ethereum currency will be burned, providing deflation directly to the base layer of the network. The remaining 80% of the rates It will be used to buy and burn line tokens.

Regarding the distribution, 85% of the token supply is reserved to boost the Ecosystem Line: 10% will directly go to the first users who have interacted with the test network or the native bridge before the tokens generation event.

The eligibility for all Airdrop recipients will be determined using a variety of metrics based on activities, including LXP and Ochain metrics designed to recognize authentic use and significant participation of the ecosystem. Complete details and individual eligibility will be revealed through the official eligibility verifier, before TGE.

Consensys, Ethereum technology firm.

75% of the supply will be gradually deployed through a multiannual growth fund that will support developers, defi and public goods projects. The eligibility criteria and the exact date of the allocation will be announced in advance of the launch, says consensys.

The remaining 15% of the total tokens will be in the Treasury of Consensys and will be subject to a five -year blocking perioda horizon that seeks to guarantee the long -term commitment of developers and create protection against mass sales after the tokens generation event.

No tokens line to employees or investors have not been assigned or sold. Consensys Software will retain 15% of tokens with a five -year unlock.

Consensys, Ethereum technology firm.

According to the company after the line, the native token does not incorporate on-chain governance mechanisms; It cannot be used to vote proposals or to modify network parameters.

Line is an Ethereum climbing solution compatible with the Virtual Machine Ethereum, built by consensys, Lourselves creators of the Wallet Metamask. As layer 2, it operates on a native bridge that connects directly with the Ethereum mainnet and reinforces both the safety and the productivity of capital in ETH, while consensys provides technical and economic support to the project.