• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

LINEA Token Airdrop Controversy: User Discontent Emerges

user avatar

by Giorgi Kostiuk

an hour ago


The recent airdrop of LINEA tokens sparked widespread reactions among users. Opinions about the fairness of the token distribution are divided.

Overview of LINEA Airdrop

The Ethereum Layer 2 network, LINEA, recently conducted its token airdrop. However, this event has led to user dissatisfaction due to high eligibility requirements. To receive tokens, participants must hold either 2,000 LXP or 15,000 LXP-L, creating advantages for larger holders.

User Dissatisfaction

Many users turned to platform X to express their frustrations. One user was outraged that after spending $147 on gas fees and completing a series of tasks, he received only 4,200 LINEA tokens, valued at $126 pre-market. Active programs like Voyage and Surge failed to adequately recognize the contributions of smaller-scale, consistent users.

so you are telling me with a straight face, I spent $147 in gas in LINEA, endured 2-3 years of mundane tasks, human verification, and actually used it for months to get an allocation of 4,200 LINEA that is at a whopping $126 at pre-market prices; it’s never been more over.CITE_NA

Joseph Lubin's Remarks on Token Utility

Joseph Lubin, the founder of ConsenSys, commented on the situation, expressing that holders of LINEA tokens participate in bootstrapping the token economy. He stated that holding LINEA tokens opens opportunities for further rewards, highlighting the importance of community engagement.

Together, we are all bootstrapping the Linea Token Economy. Holding LINEA tokens signals that you are a Linea community member and are likely engaged in productive Linea Economy activities.CITE_W_A

The controversy surrounding the LINEA token airdrop raises important questions about fairness and transparency in token distribution. Despite developers' efforts, user dissatisfaction indicates a need for improvements in community engagement mechanisms.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

LINEA Token Airdrop Faces Technical Issues: User Reactions

chest

The LINEA token airdrop faced issues impacting users. Discover the details of the incident and its implications.

user avatarGiorgi Kostiuk

Ripple XRP Reserves Increase by 213 Million: Market Analysis

chest

Ripple has increased its reserves by 213 million XRP, leading to speculations about the future of the token and its market impact.

user avatarGiorgi Kostiuk

Asset Entities and Strive Merge to Form Bitcoin Treasury with $1.5 Billion Investment

chest

The merger of Asset Entities and Strive creates a Bitcoin treasury with over $1.5 billion for acquisitions. ASST stock rises by over 50%.

user avatarGiorgi Kostiuk

Crypto Bank in Russia: Supporting Miners and Combating Fraud

chest

Russia plans to create a crypto bank to support miners, legalize crypto transactions, and combat fraud in the financial sector.

user avatarGiorgi Kostiuk

South Korea Offers Tax and Financial Benefits to Crypto Companies

chest

South Korea has simplified regulations for cryptocurrency firms, allowing them to gain venture status and access tax benefits.

user avatarGiorgi Kostiuk

CZ on the Decline of the Indian Rupee and the Need for Innovation in the Economy

chest

Changpeng Zhao commented on the record drop of the Indian Rupee, emphasizing the importance of innovation for economic growth.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.