Project Background:

Linea is an Ethereum Layer 2 solution developed by ConsenSys, using zero-knowledge proof (zkRollup) technology, aimed at reducing transaction costs and improving Ethereum's scalability. Linea is highly compatible with Ethereum, supports existing tools and smart contracts, and has strong ecosystem support (such as ConsenSys, Eigen Labs, etc.).

Overview of Linea Token Economics

Abstract: The total supply of LINEA tokens is 72 billion, with an initial airdrop of 9%, and TGE circulation of 22%; tokens do not serve as GAS, have no governance function (consortium governance), and adopt a dual destruction mechanism.

Linea Positioning and Architecture
As an ETH L2 scaling solution, focusing on enhancing ETH performance and ecological sustainability.
Maintaining credible neutrality with ETH, architecturally equivalent, emphasizing long-term economic consistency.
Funding allocation design is similar to ETH's initial launch, emphasizing ecosystem orientation.

Overview of LINEA Token Mechanism
Non-Gas Tokens: Users pay ETH as Gas.
Non-Governance Tokens: LINEA tokens are not used for on-chain governance.
Dual destruction mechanism:
20% of Gas: After deducting L1 costs, 20% of Gas fees are destroyed, reducing ETH supply.
80% of Gas: The remaining 80% of Gas fees are used to repurchase LINEA tokens and destroy them, creating deflation.

LINEA Token Distribution
The total token supply of Linea is 72,009,990,000 LINEA (approximately 7.2 billion), which is equivalent to 1,000 times the initial circulating supply of ETH.

Early Contributors (10%):
9% is allocated for airdrops to early users, 1% is distributed to strategic developers, fully unlocked at TGE, with eligibility for airdrops determined based on metrics such as LXP and on-chain data.
Ecosystem Fund (75%):
25% will be released within 12-18 months for liquidity management, early developer support, infrastructure development, future airdrops, etc.
The remaining 50% will be gradually released over 10 years for protocol research and development, infrastructure sharing, open-source tools, and maintaining strategic partnerships with developers.
Consensys Treasury (15%):
Five-year lock-up period, during which tokens can be used for liquidity support or staking capital.

Circulating Supply at TGE
At TGE, approximately 22% of the total supply (1.584 billion LINEA) will enter circulation. This includes airdrops to early contributors, ecosystem activation programs, and liquidity provision allocations.

Governance Structure
Abandoned the DAO governance structure.
Strategic decisions regarding token issuance, donations, incentives, and fund distribution are supervised by the Linea Foundation, a non-equity organization in the U.S. with legal permanence and governance credibility.
The 'Linea Foundation' consists of the following ETH native projects:
ENS Labs, Eigen Labs, SharpLink, Status, Consensys, and others.
The specific governance charter will be announced before TGE.

From a conspiracy theory perspective, Binance and OKX exchanges rarely launch the same airdrop project simultaneously due to their competitive relationship. LINEA has strong backing, leveraging users of Fox Wallet as a moat, and is worth anticipating, with prices potentially exceeding 0.1 by the end of the year.