On September 11, the LINEA token was launched, attracting significant attention but facing technical difficulties during the first minutes.
Startup Issues
The launch of the LINEA token on September 11 experienced high interest, leading to technical difficulties for the first 55 minutes. Joseph Lubin, founder of Consensys, stated that demand exceeded their expectations by twice despite provisioning three times the resources.
CITE_W_A: "The LINEA token launch was not the smoothest, but we adjusted and quickly added resources to handle the overwhelming interest," said Joseph Lubin.
The LINEA Ecosystem
LINEA is a fully Ethereum-equivalent zkEVM rollup offering rapid settlements and low fees, utilizing ETH for gas, yield, and burn. The token economy launched with mUSD as the central token and $50 million in liquidity from Etherex. Lubin emphasized that the ecosystem is designed for freely innovative development.
Token Airdrop and Community Reactions
The TGE included an airdrop, distributing over 9 billion LINEA tokens to eligible users. However, the airdrop faced issues like temporary sequencer glitches. Some users raised concerns about the fairness of eligibility criteria, feeling they favored larger holders, while Binance users reported quick access to their tokens for trading.
The launch of LINEA token marks an important milestone for Consensys. Despite initial challenges and criticism over token distribution, the ecosystem promises significant future growth.
