The Linea layer 2 has recently delivered the next steps in its development in close collaboration with the Ethereum blockchain. This is an opportunity to clarify the latest details about its upcoming LINEA token airdrop, for which the snapshot has just been made official.
Snapshot validation for the LINEA airdrop
Earlier this week, the Ethereum blockchain’s layer 2, Linea, released the latest details about its upcoming roadmap. This development includes the highly anticipated launch of its LINEA token airdrop, which was previously associated with an incentive campaign called Voyage, designed to accumulate LXP points.
In fact, 9% of the available supply of this cryptocurrency will go to early users, with the remaining 1% going to “strategic developers” of decentralized applications (dApps) and other community projects aligned with Linea.
However, some essential information was still missing, such as the necessary snapshot procedure to be carried out on its blockchain in order to determine the eligibility deadline. This has now been confirmed by Linea’s product director, Declan Fox, in response to persistent requests on the X network.
Additional criteria will be applied (thresholds, multipliers) and an eligibility checker with these details will be made available before the TGE. The snapshot has been taken for this and all sybil filtering has been done beforehand.
Declan Fox
A Token Generation Event (TGE) that raises questions
At the same time, other details were also unclear about LINEA’s Token Generation Event (TGE), the date of which has yet to be confirmed. This gave Declan Fox another opportunity to provide clarification on the X network:
- Details on LINEA’s tokenomics and governance will be published at the end of July, not at the time of the TGE;
- The auditor for the airdrop with eligibility criteria will be shared a few days before the TGE;
- The TGE date depends on several external factors (cryptocurrency exchange platforms), but it will not be long.
At the same time, Declan Fox also took the opportunity to clarify a few points about SBET, presented as an action associated with Sharplink Gaming (the world’s largest ETH corporate treasury). Indeed, the ticker for the Linea token will be LINEA, even though “SBET, ETH and LINEA are three partners, united by Ethereum.”
We can only hope that the Token Generation Event (TGE) for the LINEA cryptocurrency will be less chaotic than its official announcement. According to Declan Fox, this will be an opportunity to delve into its rapidly developing ecosystem.
