Ethereum Layer 2 Linea to Launch Token on September 10, Emphasizing Community Ownership and Ethereum Alignment.

Ethereum layer 2 Linea is launching its native token on Sept. 10 with 85% allocated for ecosystem growth and no VC or team share. 9% of the supply will go to early users via fully unlocked airdrops, while 75% enters a 10-year ecosystem fund. ETH remains the sole gas token, and both ETH and LINEA will be burned under the dual-burn model. The token model and airdrop are designed to promote community ownership and long-term funding for the ecosystem.

Ethereum Layer 2 network Linea is set to launch its native token on September 10, with a total supply of 72 billion tokens. The project, developed by Consensys, aims to scale and strengthen the Ethereum ecosystem by focusing on community growth and sustainable funding. Here's a breakdown of Linea's tokenomics and the upcoming token generation event (TGE).

Tokenomics and Distribution

Linea's tokenomics exclude venture capital firms and team allocations, with 85% of the supply directed towards ecosystem growth initiatives. The distribution includes:

- 10% for early users and builders, distributed fully unlocked.
- 75% allocated to a 10-year ecosystem fund, managed by organizations like Eigen Labs and the Ethereum Name Service (ENS).
- 4% for liquidity providers through community distributions.

Token Generation Event (TGE)

The TGE will commence on September 10, following pre-market trading on Binance Futures. The initial price of LINEA was $0.08, but it declined to $0.052 on September 1, reflecting market caution. The claim period for the airdrop runs from September 10 through December 9, 2025 [3].

Ecosystem Growth and Dual-Burn Model

Linea's ecosystem growth strategy includes the "Ignition" program, which will distribute 1 billion LINEA tokens to boost liquidity on decentralized platforms like Etherex, Aave, and Euler. The dual-burn model targets both Ethereum and LINEA tokens, creating value feedback loops for Ethereum Layer 1 [1].

Adoption and Growth

Linea has already seen strong adoption, with $1.2 billion in total value locked (TVL) and over 500 decentralized applications (dApps) integrated. The network aims to push TVL toward $10 billion by the end of 2025 through the Ignition campaign [2].

References

[1] https://coinmarketcap.com/academy/article/linea-network-launches-72b-token-supply-for-ethereum-scaling
[2] https://www.lookonchain.com/feeds/27521
[3] https://blockchainmagazine.net/linea-token-airdrop-goes-live-did-you-claim/