Linea will launch coin! The token airdrop falls at 'this time point', relying on 5 major plans to expand the ecosystem.

Many airdrops this year, but no response from users?

In 2024, there were numerous token generation events (TGE), including the highly anticipated Starknet, zkSync, LayerZero, EigenLayer, and more. Although they did not meet the expectations of decentralized finance participants in terms of token economic models, allocations, and witch detection, leading to a series of negative community feedback after the airdrop release, it's okay! Another ZK-Rollups Layer2 giant, Linea, is about to launch coin, which may have the potential to reverse users' negative impression of the recent airdrop.

ConsenSys establishes Linea Association

The Linea development team ConsenSys announced the establishment of the non-profit organization 'Linea Association' based in Switzerland at the Ethereum developer conference Devcon yesterday, which will be dedicated to promoting the development, governance, and growth of the Linea Mainnet to facilitate its ecological expansion.

The core proposal of the Linea Association is to enable the public to enter the Web3 life, so the top priorities include the following five items.

Continuously developing Linea Mainnet, providing people from all over the world with access through an efficient and low-cost Layer2 network, thereby achieving financial inclusion.

Develop governance mechanisms and trading orders to enhance the degree of Linea Decentralization.

Help developers build user-friendly DApps and reach millions of Decentralized Finance users through MetaMask.

Promote the development of the Linea community through meaningful activities.

Provide enterprise users with cloud storage for storing and managing personal data, actual applications include on-chain payments with MetaMaksk payment cards, and projects such as using Verax for Decentralization digital identities.

"Decentralization is the core vision of the Linea team, and Linea should be a public good like Ethereum, allowing all users to access and manage it. The establishment of the Linea Association is to ensure that the future of Linea is in the hands of the community, allowing users and developers to collaborate and develop openly and transparently."

When will Linea TGE come?

According to the official press release, Linea has ended its airdrop points activity LXP Voyage. Although the Snapshot result has not been released yet, it is expected to launch the governance Token $LINEA at the end of the first quarter of 2025 and distribute it to the ecological contributors through TGE. In addition, before the governance mechanism is perfected, Linea Association will act as the manager to ensure the consistency of the community and technology; after the distribution of $LINEA, Token holders have the right to participate in Mainnet proposals and voting, further achieving Linea team's Decentralization governance vision.

Linea Association will release details about Token economic models, Token application scenarios, etc. before TGE, and the "encryption City" will continue to follow up on news reports.

The article 'Linea will launch coin! The token airdrop will occur at 'this time point' and will rely on 5 major plans to expand the ecosystem.' was first published in 'encryption city'.