There are many airdrops this year, but users are indifferent?

There will be large and small token generation events (TGE) in 2024, including the highly anticipated Starknet, zkSync, LayerZero, EigenLayer, etc., although they have not reached the level of token economic model, Allocations and witch detection. The expectations of DeFi participants led to a series of negative comments from the community after the airdrop was released; but it doesn’t matter! Another ZK-Rollups Layer2 giant Linea is about to issue coins, which may be expected to reverse users’ bad impression of recent airdrops.

ConsenSys Launches Linea Association

Linea development team ConsenSys announced yesterday at the Ethereum Developer Conference Devcon the establishment of the Switzerland-based non-profit organization "Linea Association", which will be dedicated to promoting the development, governance and growth of the Linea main network to promote its ecological expansion.

The core proposition of Linea Association is to bring the public into Web3 life, so the priorities include the following five items.

  • Continue to develop the Linea mainnet and provide it to people in all corners of the world through a highly efficient and low-cost Layer 2 network, thereby achieving financial inclusion.

  • Develop governance mechanisms and transaction ordering to increase Linea’s decentralization.

  • Help developers build user-friendly DApps and reach millions of DeFi users through MetaMask.

  • Promote the development of the Linea community through meaningful activities.

  • Provides a cloud space where enterprise users can store and manage personal information. Practical applications include on-chain payments using MetaMaksk payment cards, and decentralized digital identity projects using Verax.

"Decentralization is the core vision of the Linea team. Linea should be used as a public asset 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 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 results have not yet been released, it is expected to launch the governance token $LINEA at the end of the first quarter of 2025 and distribute it to ecological contributors through TGE. In addition, before the governance mechanism is improved, Linea Association will act as a manager to ensure the consistency of the community and technology; after $LINEA is distributed, token holders have the right to participate in mainnet proposals and voting to further achieve the goal of the Linea team vision of decentralized governance.

Regarding the details of the token economic model, token application scenarios, etc., Linea Association will release it before TGE, and (Crypto City) will also continue to follow the news reports at that time.

"Linea will issue coins!" The token airdrop falls at "this point in time", and we need to rely on 5 major plans to expand the ecosystem." This article was first published in "Crypto City"