Important Highlights
- LXP users’ eligibility for airdrops is locked in by the Linea snapshot.
- 85% of tokens fund the ecosystem, while 10% go to users and creators.
- Deflationary token model includes ETH and LINEA burn.
Linea snapshot confirms details of token airdrop
Eligibility for the forthcoming LINEA token airdrop has been formally fixed by the Linea snapshot.
If you were active in Linea’s Voyage campaign and earned LXP points, your wallet might be on the list.
Linea is a layer 2 network built on the Ethereum, designed to offer cheaper transactions rapidly, rapidly, rapidly combined with wider atherium ecosystem.
Backed by ConsenSys, it’s been live since July 2023 and now it’s getting ready to launch its token.
Let’s break down what this snapshot means and what’s coming next.
Linea snapshot marks who qualifies but there’s more to it
To begin with, the Linea snapshot includes all of the participants who earned LXP points during the Voyage campaign.
That’s a big deal because 9% of the total LINEA token supply is being set aside for those users.
Declan Fox, Linea’s Product Director, confirmed that sybil filtering has already been done which means duplicate wallets and bots are out.
So, if you actually engaged with the network and earned points honestly, you’re in a good spot.
But here’s the catch: just being in the snapshot doesn’t automatically guarantee tokens. There’s more to it.
Linea snapshot sets the stage for token distribution
Along with the snapshot, Linea has released its full token distribution plan.
It’s more than just a user airdrop. A further 1% of tokens will go to “strategic builders” in addition to the 9% that will go to LXP participants.
These are teams or communities building on Linea and they’ll have the freedom to pass some of their tokens on to their users.
Looking at the bigger picture, 85% of all LINEA tokens (72 billion in total) will eventually go back to the community. Most of that 75% is going into a long-term ecosystem fund, with a 10-year unlock period.
That fund will support grants, liquidity, partnerships, and more.
The remaining 15% tokens will be conducted by consensus, closed for five years to show long -term commitment.
Eligibility depends on more than just the snapshot
So you’re in the snapshot now what? According to Fox, eligibility depends on more than just showing up.
Linea will apply multipliers and thresholds to determine final allocations.
This could include how many LXP points you earned, how often you interacted with the protocol, or other engagement metrics.
A public eligibility checker will go live before the token is launched, so you’ll be able to see exactly where you stand.
In short, if you went above and beyond during the campaign, you might get a bigger slice of the pie.
What makes the LINEA token different?
Linea’s not just dropping a token they’re doing something new with it.
When the token launches, 20% of all ETH gas fees paid on the network will be burned, reducing Ethereum supply.
Additionally, 80% of the fees are set to be used for buying and burning LINEA tokens, creating a deflationary effect.
This is a first among Layer 2 chains and it could give the token long-term value that’s directly tied to network activity.
They’re also introducing native yield for bridged ETH and other mechanisms to keep users engaged and ETH flowing through the system.
Ethereum-aligned governance takes the lead
To make sure this whole thing stays on track, Linea is setting up a non-profit association in Switzerland to manage the ecosystem fund.
The group includes major Ethereum-aligned players like ConsenSys, ENS Labs, Eigen Labs, SharpLink, and Status.
This consortium will handle decision-making for at least the next 10 years so instead of short-term incentives, the focus is on building lasting infrastructure for the Ethereum community.
