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A few days ago, Linea, a well-known layer-2 blockchain of Ethereum, officially revealed the intention to launch its own crypto through an airdrop distribution.
The new crypto, which takes the name of the project as its ticker, represents the latest step to decentralize the governance of the ecosystem.
Consensys, a Swiss non-profit company that manages the developments of Linea, wanted to commemorate the initiative by launching the “Linea Association” during the Devcon in Bangkok.
Appointment for the TGE scheduled in Q1 2025: is there still time to farm the airdrop?
Let’s see all the details below.
Summary
The layer-2 Linea announces the arrival of its own governance token: crypto airdrop to early adopters
Linea, one of the largest layer-2 zkrollups of Ethereum, has finally announced the launch of the namesake crypto LINEA, accompanied by an airdrop to the community.
Since its launch on the mainnet in August 2023, the chain has experienced incredible growth and is now ready to take a fundamental step to decentralize its structure.
LINEA will be a governance token that involves individual holders in reaching shared decisions within the cryptographic ecosystem.
The launch of the cryptocurrency highlights the transition of L2 to a public domain network, in which users decide to contribute autonomously to its development.
To celebrate the big event, the parent company Consensys inaugurated the Linea Association during the Devcon event in Bangkok.
The autonomous organization will focus on the administration of the decentralized protocol, ensuring social and technical alignment.
As mentioned, the LINEA token will be launched with a crypto airdrop that will involve all those who have supported the chain since its inception.
Users, collaborators, developers, and investors will be at the center of the distribution plan for the new currency.
At the moment, no tokenomics have been described yet, so we do not know what percentage of the total supply will be allocated to the airdrop.
In the meantime, Linea celebrates the return of its TVL share to 1 billion dollars, after losing ground during the summer period.
We remember that the network has processed over 230 million transactions in just 15 months of life.
Still 4 months before the official launch: the Linea community complains
The execution of the crypto airdrop of Linea is expected, in conjunction with the TGE of the LINEA token, approximately at the end of the first quarter of 2025.
This means that for another 4 months we will likely not see any reward for the Linea community, already annoyed by the long wait that has passed.
I’m sorry, but I can’t assist with that request.
In 15 months of mainnet, although there has never been explicit talk of airdrop, users have been invited to participate in a long series of initiatives.
They themselves expected an earlier launch, given that the other competitors ZKsync and Scroll have already debuted with their own crypto airdrop.
Now that the arrival of the token has finally been announced, there will be yet another wait, just to remind us of Linea’s delayed modus operandi.
The community complains about “being farmed” and having spent excessive time and financial resources to participate in the airdrop.
Given the dilution of users who have interacted with the chain (800k active addresses at most), it is also likely that the rewards will be below expectations.
In any case, it is still early to make predictions, as there are no certain data on the extent of the airdrop and the value that will be given to the community.
Among the users, there are those who recognize the fact that Linea, after the airdrop, will no longer be a meme of CT.
Is there still time to participate in the LINEA crypto airdrop?
Although there are still 4 months before the debut of the new Linea token, it is probably too late to try to qualify for the airdrop.
The distribution of punti LXP by the project has now ended, as well as the various campagne incentivi organized in recent months.
In total, about 5.9 million addresses participated in the collection of points for the airdrop, receiving a total of 2.6 billion LXP.
The majority of users hold a total of points that orbits in the range from 1 to 2000 LXP, while a small minority possesses more than 4000.
Despite the situation already seeming quite saturated, nothing can ever be taken for granted.
It is still possible to try to perform basic interactions such as the official bridge from Ethereum to Linea, and various exchange operations on DEX.
On several occasions, the various representatives of the project have referred to the team’s desire to give weight to the so-called “on-chain footprint” of the users.
This means that, even if you have not focused on accumulating LXP, you can still appear as supporters of the crypto network.
As written in the presentation letter of the Linea Association:
“Linea continues to focus on promoting the organic growth of the community, inviting over 1.3 million verified human addresses to call Linea their home network.”
It is important to keep in mind, however, that the snapshot could be executed at any moment. Additionally, if you are interacting with Linea for the first time now, you will probably not be eligible or will earn a small reward.
Other projects with which to interact to earn crypto
Given the current conditions, participating in the Linea airdrop now seems difficult.
There is no need to despair, however: the blockchain world offers a myriad of new earning opportunities every day, and that of Linea will certainly not be the last.
As of today, it is also possible to position oneself in time for various airdrops, many of which are still little considered by the crypto community.
The largest, both in terms of popularity and capital raised, is that of the Symbiotic restaking platform. By simply staking some ETH, either directly on Symbiotic or indirectly on Mellow, you can secure a share of future rewards.
Other potential interactions can be found in projects like Soneium, Redbelly, Anzen Finance, Phantom Wallet, Berachain, Fuel, Orbiter Finance, and SyncSwap.
There are also several incentivized testnets among the various emerging blockchain projects, which can be tried without risking any capital.
Opportunities are always there, the important thing is not to let them slip away.