โณ 3 days until @LineaBuild TGE.
This isnโt just a date on the calendar โ this is the moment for the Linea family, a milestone ๐
Question is simple, fam:
๐ How long have you been riding with Linea?๐
Raise your glasses ๐ท
A toast to @LineaBuild & @ethereum โ
the backbone, the future, the moonlight we ride on. ๐โจ
Loyalty, brotherhood, and the chain that binds us stronger than any market swing.
Cheers, fam ๐พโค๏ธโ๐ฅ๐๐ฅ
๐ Joseph Lubin, Co-Founder of Ethereum, CEO of @Consensys, Chairman of @sharplink, takes the @Nasdaq podium as Ethereum celebrates its tenth anniversary ๐ค
Answering a few of the common q's re tokenomics announcement:
- 10% to early contributors
9% to users who participated in the Linea voyages and earned LXP. There will be additional criteria applied (thresholds, multipliers) and an eligibility checker with those details will be made available prior to TGE. The snapshot has been taken for this and all sybil-filtering was completed previously.
There are no CEX listing, InfoFi, or other dilution from this airdrop. This is not going to the team or investors.
1% to strategic builders. This includes Linea-aligned dapps and communities and will be managed discretionary by the Linea team. Builders can choose to distribute to their users/communities and allocation will be dependent on a number of factors including plans that showcase benefits to Linea.
- What about LXP-L
Any rewards for providing liquidity are included in the 75% ecosystem fund. This includes past and future LPs, and is handled separately from user airdrops like LXP. Details on LXP-L will be handled via the Consortium
- If circ supply is 22%, and EC airdrop is 10%, what's the other 12% for
This is sufficient day 1 allocation to support exchange liquidity and market makers, liquidity provisioning, time-sensitive builders grants and partnerships, and other initiatives pursued by governance. The Consortium will provide transparency on usage of funds as per the charter. The ecosystem fund has a 10Y unlock schedule and is structured for long term horizon.
- What's next?
We will be sharing more details on the native yield bridge design, the charter for the Linea Consortium, and how Linea will play a central part in the future of Ethereum.
In parallel, we're driving towards TGE. Information on the airdrop eligibility checker and TGE date will be shared in advance once we have the exact time locked down. Stay safe from scams in the meantime and only trust the main @LineaBuild account
Today, we're setting a new standard for Ethereum Layer 2.
Introducing native ETH yield, protocol-level ETH burn, and an Ethereum-native Consortium to manage the largest ecosystem fund in the space.
This is how we build the Layer 2 where Ethereum wins.