💪 NEW STANDARD FOR LINEA L2 CHAIN TOKEN
1) The token governance paradigm has long been useless. I wrote about this back on October 26, 2024
https://t.co/6W3TrbeidO
Let me remind you in broad strokes that at that time I recommended @LineaBuild to focus on the utility of the $LINEA token, rather than rushing to launch a voting token. Among the proposals was the following:
L2 tokens need a utility! Another voting token won't work... Instead of rushing to release the token, the team would be better off focusing on the utility of the token. One voting function is not enough! All of L2 needs $ETH and can easily do without the native network token, it simply has no utility. That's a problem... It is possible to go further and improve the idea by thinking through the combustion mechanisms. Which would make the token deflationary in the long run...
Today, the LINEA token is already trading on exchanges. And the project team, represented by @ethereumJoseph and @DeclanFox14, has changed the rules of the game in the L2 chain segment. Respect to them for that, it was high time someone did it and led this movement. I think @VitalikButerin will also appreciate these efforts when the next L2 came not to take away from Ethereum, but also to give. This design makes the network “Ethereum-aligned”: every activity on L2 directly supports the ETH shortage on L1. And I think it's right, as with the minimum Stage threshold (I talked about the difference between Stage 0-2 in the video https://t.co/X34EH2jdug), to introduce rules for L2 to spend part of the revenue received on repurchasing and burning ETH.
While tokens from chains such as Optimism, @arbitrum, Starknet and zkSync perform a governance function, the LINEA token does not. Bingo, it's done! I am sincerely happy about this! The value of the token created by @Consensys is tied to the network's revenue through buyback&burn. Gas in Linea is paid in ETH, and LINEA itself is not a gas token, unlike $STRK or paymasters support for ERC-20 from zkSync Era.
20% of net revenue in ETH (after deducting costs for publishing data on L1 via EIP-4844 blobs, proof verification, etc.) is burned in ETH, and 80% of net revenue is used to buy back and burn $LINEA. This makes the scarcity of both assets a function of the actual network load.
@ArseniosMarkos Старый скуф по факту ничего не сказал.И большинство дедов такие,жизнь прожили,а обосновать ничего не могут.Потому что на Наташку на двух работах всю жизнь работали.Некогда было образовываться.
To keep the $BLUM airdrop fair, we use anti-Sybil filters like:
– Multi-account farming
– Drop game abuse via scripts
– Sybil databases
– Other detection methods
📋 Official appeal form is here: https://t.co/s0RXRDRk31
We’re here to reward real users 💚
Dobby enthusiasts, the time is now.
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Prove your intelligence.
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https://t.co/y2o1MGywYt
https://t.co/P9gm6reWyg
I'm probably done with L2s. I've seen so many ecosystem launches and every time it's a failure. Nothing works properly, just forks of forks. Endless promises that developers will come and everything will be fine. No, enough, goodbye.
5/ Sonic didn’t just rebrand; they’re stacking partnerships. By joining the Chainlink SCALE program, Sonic now taps into Chainlink Data Feeds and CCIP—so devs get real-time, trustworthy data and cross-chain superpowers. Translation? DeFi, NFTs, GameFi—everything on Sonic gets an instant credibility boost🚀
$S #GameFI
@SonicLabs 6/ But I believe the main fuel behind $S rise is DeFi pioneer @AndreCronjeTech, who is FULL-TIME focused on the network’s development and supports projects like @degenexpress69 —which definitely deserves its own tweet👇
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