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😏Don't troll @LineaBuild Airdrop execution
👀I saw few trolling Linea about poor Airdrop
🤔Let's discuss
🤷Many projects these days announce 60% to community, then allocate 5% for TGE
🤷Then 3% will go to Binance & 1% to Kaito
🤷1% to community & few of them with vesting
🤔Let's see what Linea Allocated
🪙9% purely to LXP holders
🪙4% purely to LXP-L holders
❌No vesting
🤷That's 13% going straight to community hands on day one
❌No investors
❌No VCs
🤔Let's talk about eligible wallets
🤣While other projects couldn't rewards just 25K users
👥Linea rewarded 750K users
😏So definitely Linea did lot better than many of the recently TGE projects
🤔Now let's talk about price
💵 $LINEA = $0.024
💰That's hardly $1.8B FDV
😂Users troll them for low FDV
🤷FDV is based on price and project directly can't do anything with price
✅All they can do is list on top CEX for better price discovery and they did that
✅Linea listed on all major CEX
🤷So don't blame team for price, its u(users) 🫵who decided the price
🤷All projects listing at low FDV in current market conditions
💰13% of $1.8B is $234M
🤷They Airdropped $234M & users r trolling them
✳️For your info @arbitrum allocated 11.62% for TGE Airdrop
✳️Listed at $15B FDV
🤷So if Linea listed at $15B FDV it would have been bigger than Arbitrum
🤷I know everyone is not happy with allocation but they cannot make all 5M wallets happy
✅They tried their best
🤣Even though both @LineaBuild & @Consensys blocked me, I feel they did decently good with the Airdrop
⚠️I repeat: don't troll Linea, they did well
🤔Agree with me?
💙Like
🔁RT
Mawari Website Update: Complete ✅
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Mavryk's Partner 🚀 @MultiBankGroup@MultiBank_io $MBG is CRUSHING IT! 🚀
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The Summer of Symbiotic continues with @AvailProject on @Galxe
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[PT only] O mundo já está usando blockchain e o Brasil lidera essa revolução 🇧🇷
A missão da Rayls é trazer os bancos onchain e liberar mais de $100T trilhões em liquidez para DeFi.
E escolhemos o Brasil para lançar a nossa testnet primeiro!
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Welcome to Dreamathon🌤️
The 8-week pilot incubator for teams creating real-time, reactive apps on @Somnia_Network
20 teams selected
10 finalists receive $20k grants + investor exposure
Applications are OPEN: https://t.co/ClvrAHPXUR
In collab with @cracked_labs x @supafundxyz