Linea, a Layer-2 network aiming to strengthen the Ethereum ecosystem, will launch its long-awaited token generation event (TGE) on September 10th. With this event, billions of LINEA tokens will be distributed, officially marking the start of one of the most anticipated developments in the altcoin market.
What is LINEA?
Linea is a Layer-2 network that aims to address Ethereum's scalability challenges while maintaining its security and decentralization. Developed by Consensys, the network offers full integration with the Ethereum Virtual Machine (EVM) through zkEVM compatibility. This allows developers to run their existing smart contracts and tools on Linea with virtually no modifications.
Project supporters describe Linea as "the closest Layer-2 to Ethereum." Because transaction fees are paid in ETH on the network, the LINEA token does not serve as a gas fee. Instead, the token is used to incentivize and support ecosystem growth. Additionally, a portion of the ETH generated from transaction fees is planned to be used to balance the supply of LINEA through a buyback and burn mechanism.
The airdrop and token distribution have become a hot topic
Only a small portion of the total supply of 72 billion LINEA tokens will enter circulation. As part of the airdrop, 9.3 billion LINEA will be distributed to early adopters and addresses that contribute to the ecosystem.
The distribution is divided into three main categories:
- 10% Early adopters: Users who accumulate enough points in the Linea Voyage and Surge campaigns will receive their rewards. Approximately 750,000 wallets are eligible for this distribution.
- 75% Ecosystem participants: The collective body called the Linea Consortium will distribute this substantial share to developers, liquidity providers, and those involved in ecosystem construction.
- 15% Consensys treasury: This share, allocated to Consensys, the network developer, will be locked for five years.
Airdrop beneficiaries will have 90 days, starting September 10th, to claim their tokens. Tokens not claimed by the end of the period will be transferred to the ecosystem fund. Important note: The snapshot process has been completed on Binance, but distribution has not yet been made. LINEA tokens will be credited to accounts at least one hour before the spot listing begins.
LINEA Listed on Exchanges
LINEA will only be available for deposits/withdrawals on its own network. Many major exchanges, including Binance, OKX, Bybit, MEXC, and Upbit, are preparing listings for the token as of September 10th. This will allow users to quickly process the LINEA they received from the airdrop.
Binance: LINEA deposits will open on September 9th at 14:00 UTC (17:00 Turkey time). Spot listings will begin on September 10th at 16:00 UTC (19:00 Turkey time).
OKX, Bybit, and MEXC: Listings will open on the same day as USDT pairs.
Upbit: Will be trading with KRW, BTC and USDT pairs.
