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Ethereum-Aligned Linea Unveils Dual-Burn Token Mechanism
Ethereum layer 2 project Linea has unveiled plans to launch its highly anticipated native token on September 10, adopting a community-first model that excludes venture capital allocations. The project calls this the most significant issuance since Ethereum’s own debut, with 85% of the 72 billion LINEA tokens reserved for ecosystem growth, leaving founding teams and VCs without allocations.
Token Distribution and Airdrop
Linea’s distribution strategy emphasizes community ownership. About 9% of the supply (6.48 billion tokens) will be airdropped to over 780,000 eligible users, fully unlocked at launch. Another 1% is earmarked for strategic builders, including decentralized applications and infrastructure partners.
The remaining 75% of tokens are held in an ecosystem fund managed by the Linea Consortium, which includes ConsenSys, Eigen Labs, ENS Labs, SharpLink, and Status. This fund will be gradually deployed over 10 years to support liquidity, builders, and public goods.
Eligibility and Long-Term Vision
The airdrop eligibility checker opened in early September and will remain active until December 9, prioritizing authentic usage measured through Linea Experience Points (LXP) and LXP-L campaigns, with boosts for sustained onchain activity and MetaMask use.
Dual-Burn Mechanism and Ethereum Alignment
Linea separates utility from value capture, ensuring ETH remains the sole gas token. Both ETH and LINEA will be burned via transaction fees, with 20% of layer 2 ETH revenue burned directly and the remainder used to buy and burn LINEA. This dual-burn system reinforces ETH’s monetary premium while linking LINEA’s value to real usage.
Governance and Ecosystem Impact
Rejecting token-based governance, the Linea Consortium manages strategic decisions under a nonprofit structure, positioning LINEA as an economic coordination mechanism for builders, users, and contributors rather than a voting tool.
With over 230 million transactions processed and $1.21 billion in TVL, Linea is the seventh-largest Ethereum layer 2 by value locked, according to DeFiLlama, distinguishing itself through long-term funding and Ethereum alignment rather than short-term speculation.
