Linea announces token launch plans, collaborating with SharpLink and other companies for distribution

Ethereum's layer-2 network, Linea, has just announced plans to launch its own token (#Linea ) and an ecosystem fund to strengthen its position as the best destination for Ethereum capital.

Strategy to support Ethereum and operational mechanisms

Linea, created by Consensys, is strongly committed to the Ethereum platform through new mechanisms such as base yield on bridged ETH and a burn mechanism $ETH . The company has also established the Linea Consortium, a group of companies affiliated with Ethereum such as SharpLink Gaming, Consensys, Eigen Labs, and ENS Labs. This group will jointly manage the distribution of 75% of the total supply of LINEA tokens through "the largest ecosystem fund for Ethereum by allocation." According to Declan Fox, Director of Linea at Consensys, these tokens will be "carefully distributed" to users, developers, liquidity providers, organizations, and creators - anyone who helps Ethereum and Linea succeed.

In addition, Linea has a mechanism to burn 20% of transaction fees (in ETH) and uses 80% of the remaining fees to burn LINEA tokens, creating a deflationary loop proportional to network activity. This not only helps Linea grow but also directly brings value to ETH holders.

This is an important move as layer-2 networks seek to strengthen ties with Ethereum, addressing concerns that scaling networks may diminish the value of the main network. #anhbacong