The Linea Network developed by Consensys affirms that it will become one of the first Ethereum Layer-2 networks to undertake to burn the ether in the context of its network design, because it shared new details of its next generation of tokens and Airdrop events.
Linea has announced new mechanisms of stale and burning for its next launch of tokens in order to align themselves more on the blockchain of layer 1, which, according to him, will make the network the “house for Eth Capital”, according to a press release sent to Cointelegraph.
This decision comes in the middle of the growing concern that the layer-2 networks were chain activities and the revenues of the Mainnet Ethereum chain.
An event of generation of Linea tokens is expected to take place later this year, with 85% of the tokens supply going to the ecosystem, and the remaining 15% will be allocated to the Consensys treasury under a five -year lock.
When is the Linea token generation event?
Declan Fox, a global product product for Linea, told Cintelegraph that they did not have the exact date of the generation of token and would share the Ardrop criteria up to a week before the event.
A new jealous mechanism, which is expected to be launched in October, will allow users to win stall awards even when they bridge ether (ETH) in Linea. This makes the ETH productive because it can also be used for DEFI activities on the layer 2 network.
“Linea is the only L2 with the total compatibility of Ethereum, and we wanted the economy to be as aligned and united as technology,” said Joseph Lubin, founder and CEO of consensys.
He explained that the rewards of malignment collected are distributed over Linea to Defi Protocols, increasing the yield for active liquidity.
“This creates a steering wheel to attract capital thanks to lasting incentives, where deeper liquidity lead to more volume of transactions, thus attracting more deposits.”
In relation: Vitalik Buterin offers minimalism as a key to the success of the layer 2 blockchain
In addition, 20% of all Linea transaction fees will be used to burn ETH as the network becomes the first L2 to get to burn the active. The remaining 80% burn Linea tokens, which also makes them deflationary.
Build the market share
Linea holds only 1.23% of the layer 2 market based on Rollup with an onchain value of approximately $ 513 million, according to L2Beat.
Fox said it was planned to develop this by building the Mainnet Linea “to be the best chain for Eth Capital at a time when the momentum behind ETH is very strong”.
He added that suppliers of ether liquidity will find “the best adjusted yield in terms of risk by puncturing liquidity in Linea, thus increasing the market share”.
“This, combined with the metamask consensys and distribution ecosystem, will more attract users and manufacturers to come and meet at home on Linea Digital Real Estate.”
Consortium aligned Ethereum
Acmandys has also announced a consortium aligned by Ethereum which will manage the Ethereum ecosystem fund. The members of the consortium, in addition to consensys, include Eigen Labs, Ens Labs, Status and the ETH play company of the Treasury of Joe Lubin, Sharplink.
“Linea’s commitment to Ethereum could not be clearer, and we believe that the unique alignment of the platform with Ethereum will make it an important part of its future,” said Joseph Chalom, the newly named CO-PDG of Sharplink.
Review: Robinhood’s tokenized actions aroused a legal hornet nest