Home » Linea: How do you know if you are eligible for this crypto project’s airdrop?

Linea: How do you know if you are eligible for this crypto project’s airdrop?

by Thomas

After multiple point campaigns and a long wait, Linea has finally lifted the veil: its airdrop is scheduled for September 10, and an official checker now allows you to verify your eligibility.

Are you eligible for the Linea airdrop?

If there’s one airdrop that’s been eagerly awaited, it’s this one. Linea has been facing a lot of criticism for some time, multiplying initiatives aimed at earning points, without its token deigning to reward early users. Until today.

Linea has just launched its airdrop checker, allowing users to check whether they will be entitled to a few LINEA tokens when it officially launches on September 10—just one week from now.

“LINEA will become the most important token to enter the ecosystem since ETH itself,” says Linea. Eligible individuals will be able to claim their tokens during a 90-day window, running from September 10 to December 9 in the evening. LINEA tokens not claimed by the end of this period will be allocated to the Linea Consortium Ecosystem Fund treasury.

Based on the Ethereum distribution model, 85% of the total LINEA token supply will be allocated to the ecosystem, including 10% for early contributors according to the following model: 9% for users and 1% for developers.

The remaining 75% will be paid out gradually over a period of 10 years to the Linea Consortium Ecosystem Fund, which includes ENS Labs, Eigen Labs, SharpLink, Status, and Consensys (the company behind Linea and MetaMask). According to Linea’s documentation, 25% of this allocation will be paid out in the first 12 to 18 months.

Finally, 15% of the total supply will be allocated to Consensys’ treasury. This allocation will be subject to a 5-year lock-up, although the tokens may be used during this period to support the ecosystem, including to create liquidity.

At the TGE, approximately 22% of the total LINEA token supply, or approximately 15.8 billion units, will be put into circulation. It should be noted that individuals eligible for the airdrop will be able to claim their entire allocation on the first day.

Overview of LINEA token tokenomics

According to Linea, users who have earned a certain number of points during the Linea Voyage (LXP) and/or Linea Surge (LXP-L) campaigns are eligible. For the LXP campaign, a minimum threshold of 2,000 points has been set in order to weed out sybils (more than 800,000 according to Declan Fox, product lead at Linea). The allocation paid to eligible users will depend on their LXP points balance, with seven thresholds (min. 2,000 and max. 8,000).

For the Linea Surge campaign, the minimum number of points has been set at 15,000. Three bonuses of 10% each have been introduced to reward participation in the ecosystem. The first is for those who were active on the Linea mainnet before the Dencun update, i.e., before March 27, 2024.

The second is for users who have demonstrated sustained activity by conducting transactions on the Linea mainnet for at least 6 separate months between August 1, 2024, and June 30, 2025.
Finally, a third bonus rewards those who have used MetaMask products (Swap, Bridge, Staking, Card) on Linea at any time before June 30, 2025. These bonuses cannot be combined.
What will the LINEA token be used for?

Linea is clear: its eponymous token will not be a gas token; only ETH will be used for this purpose. Nor will it be a governance token, since Linea does not plan to have an on-chain governance system, with its development being overseen by the Linea Consortium Ecosystem Fund.

Its main purpose will be to capture the value of the network. Part of the revenue generated in ETH will be used to purchase and burn LINEA tokens: the more the Linea network is used, the more ETH fees increase, and the more LINEA tokens are burned. This creates direct deflationary pressure and links the value of the token to the actual activity of the blockchain. In addition, the LINEA token will be distributed to ecosystem developers, users, and liquidity providers as a reward.

True to its commitment to supporting its layer 1, Ethereum, Linea has announced that 20% of all fees paid in ETH on its network will be burned. The remaining 80% will be used to purchase and burn LINEA tokens in circulation in order to make it deflationary.

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