#linea $LINEA

✅ What is Linea & the Linea Network

Linea Network is a zkEVM Layer-2 solution built to scale Ethereum, developed by Consensys and other Ethereum-aligned ecosystem players.

The network is designed to be Ethereum-equivalent (i.e., compatible with existing Ethereum tooling, smart contracts, and wallets) while providing lower costs and higher throughput.

It features specific mechanics that align with Ethereum’s monetary policy, including fee burns and native yield on bridged assets.

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🎯 What the LINEA Token Is For

The total supply of LINEA is 72,009,990,000 tokens.

Uses and token mechanics:

A portion of network fees (paid in ETH) is used to buy back and burn LINEA tokens, thereby creating deflationary pressure.

Another portion of fees is burned in ETH, reinforcing value capture for Ethereum itself.

A large share of the supply (≈ 85%) is allocated to ecosystem growth (builders, users, public goods) rather than to venture capitalists or insiders.

Token is not used for on-chain governance in the classic sense; strategic decisions are managed by the “Linea Consortium”.

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🧮 Key Figures & Recent Events

At launch, circulating supply was about 15.48 billion LINEA (~21.5% of total supply).

A massive airdrop: more than 9.36 billion tokens distributed to about 749,000 eligible wallets.

Launch date / Token Generation Event (TGE) was around September 10, 2025.

Current live price (approximate, subject to market changes): ~$0.015 USD. $LINEA

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