Ethereum News Today: Linea Completes Blockchain Snapshot for Token Airdrop 9% to Voyage Users 1% to Strategic Builders

Linea, an Ethereum Layer 2 network developed by Consensys, has confirmed the completion of a blockchain snapshot for its upcoming LINEA token airdrop, marking a critical step in its token distribution strategy. Declan Fox, Linea’s product director, outlined the tokenomics framework, revealing that 9% of the total LINEA supply will be allocated to users who participated in the Voyage incentive program, which rewarded participants with LXP points [1]. Eligibility for this allocation is determined by LXP thresholds and multipliers, with a Sybil-resistant filtering process already completed to prevent fraudulent claims [1].

An additional 1% of the token supply is reserved for "strategic builders," including decentralized applications (dapps) and communities aligned with Linea’s ecosystem. These allocations will be managed directly by the Linea team, with builders retaining discretion to redistribute tokens to their users or communities based on project proposals that demonstrate value to the platform [1].

The broader token distribution plan emphasizes long-term ecosystem sustainability. Approximately 85% of the LINEA supply is allocated to the ecosystem, with 75% earmarked for a long-term ecosystem fund that will unlock over a 10-year period. This fund will finance liquidity incentives, grants, partnerships, and other governance-determined initiatives [1]. The remaining 15% of the token supply is held by Consensys, subject to a five-year lockup period [1].

Linea’s strategy aligns with Ethereum’s broader ecosystem goals, positioning itself as a hub for institutional capital. The project plans to introduce native yield mechanisms on bridged ETH, a protocol-level ETH burn program, and a deflationary token design. Once the LINEA token launches, 20% of all transaction fees (paid in ETH) will be burned at the protocol level, while 80% will be used to buy back and burn LINEA tokens, creating a deflationary effect [1]. This approach distinguishes Linea from other Layer 2 networks, which typically lack such integrated burn mechanisms.

A consortium of Ethereum-aligned institutions—including Consensys, Eigen Labs, ENS Labs, Status, and SharpLink—will oversee the Ethereum ecosystem fund for at least a decade [1]. This governance structure aims to ensure alignment with Ethereum’s technical and economic principles. Linea also emphasized its institutional-grade infrastructure, designed to support long-term Ethereum community ownership and adoption [1].

The token airdrop’s eligibility details will be disclosed through an online checker before the token generation event, though specific dates remain unannounced [1]. The snapshot process, now finalized, ensures transparency in the distribution of tokens to eligible participants, including Voyage users and strategic builders.

Source: [1] Linea confirms snapshot was taken for upcoming token airdrop, [https://www.theblock.co/post/364768/linea-token-airdrop-snapshot?utm_source=rss&utm_medium=rss]