The Ethereum Layer 2 network, Linea, has finalized its last blockchain snapshot in preparation for the distribution of LINEA coins to participants in the 'Voyage' program.
Coin Distribution
Participants in the 'Voyage' event will be awarded LINEA coins based on their involvement and the points they accumulate. Linea has assured that certain thresholds and multipliers will be established for calculating coin allocation. The criteria for these thresholds will be unveiled prior to the coin generation event, ensuring transparency.
Developers' Role
Additionally, a portion of the coin supply, specifically 1%, is reserved for strategic developers, including decentralized applications (dApps) and communities aligned with Linea's goals. The allocation process for this segment will be guided by the Linea team, focusing on initiatives that bolster the Linea ecosystem. Developers have the option to distribute these coins within their communities, fostering growth and engagement.
Alignment with Ethereum's Core Principles
Linea strives to fully embrace Ethereum's technological advancements, implementing an Ethereum-centric coin burning mechanism. This plan includes burning 20% of transaction fees in ETH, while the remaining 80% will be utilized in burning LINEA coins, aiming for sustainable growth and value retention for the network.
The upcoming distribution event and its methodologies highlight Linea's commitment to creating a robust ecosystem. The strategic coin allocation and alignment with Ethereum protocols illustrate its dedication to fostering a thriving Layer 2 network.
