The Ethereum Layer 2 network, Linea, has completed its last blockchain snapshot for the distribution of LINEA coins. As part of this process, 9% of the total coin supply will be allocated to users who participated in the Voyage program.
Distribution Criteria and Eligibility for LINEA Coin
According to details shared by Declan Fox, Linea's Product Director, users will earn LINEA coins based on their participation level in the Voyage event and the LXP points they accumulate. Specific thresholds and multipliers will apply for earning coins, with detailed criteria to be announced before the coin production event. Measures have also been taken to filter out fake accounts from the distribution process.
Allocation of Coins for Developers and Ecosystem
Linea has allocated 1% of its total coin supply to strategic developers. This allocation includes dApps and communities compatible with Linea. Allocations in this segment will be determined at the discretion of the Linea team, conducted according to plans that contribute to the ecosystem. Developers may distribute these coins to their communities if they wish. Eighty-five percent of Linea's total supply is designated for long-term ecosystem development, with 75% transferred to a special ecosystem fund with a ten-year distribution plan.
Implementation of Ethereum-Based Coin Burning Mechanism
Linea aims to become a central hub of Ethereum capital and intends to align its technology fully with Ethereum. Additionally, a coin burning mechanism related to Ethereum and local yields for ETH is planned at the protocol level. Upon coin production, 20% of transaction fees will be burned in ETH, with the remaining 80% used for burning LINEA coins.
The Voyage program and the LINEA coin distribution open new opportunities for participants and developers, which should contribute to the ecosystem's development on the Ethereum platform.
