Ethereum L2 Linea Opens Claims for 9.4B Token Airdrop

Linea, the zkEVM Layer 2 built by Consensys, has launched its long-awaited token generation event, opening a 90-day claim window for over 9.36B LINEA tokens. Check Bankless Claimables to see if you're eligible.

What’s the Scoop?

• Claim Requirements: Eligibility was based on a July snapshot. Users must claim from the same wallets holding LXP or LXP-L balances.
• Tokenomics Breakdown: 85% of the total token supply is set aside for ecosystem use, including 10% unlocked for XP recipients and 75% earmarked for one of the largest ecosystem funds in crypto. Linea Surge participants also received 4% of token supply unlocked at TGE.
• No Governance Role: LINEA will not be used for protocol governance. Strategic decisions are handled by institutions like Consensys, ENS, and Eigen Labs under the Linea Consortium.
• Fee Burn Design: Linea unveiled a deflationary fee model in July, with 20% of ETH gas fees burned and 80% will be used to buy-and-burn LINEA.

Bankless Take:

The LINEA airdrop is yet another monster L2 distribution for airdrop hunters that should yield positive tailwinds for this blockchain ecosystem in the weeks to come. Yield farmers can receive an additional 1B of LINEA rewards from the Linea Ignition program until October 26.