Linea Opens Token Claims
Linea, the Ethereum Layer 2 network developed by Consensys, has officially launched its token generation event (TGE). The rollout opened claims for its native token LINEA on Wednesday, beginning a 90-day window that closes on 9 December. More than 9.36 billion tokens have been allocated to eligible addresses following a snapshot taken in July. Any tokens left unclaimed after the deadline will return to the Linea Consortium Ecosystem Fund, which is designed to strengthen both the Linea and Ethereum ecosystems.
A dedicated portal went live last week allowing users to verify eligibility. Token claims must be made from the same addresses holding LXP or LXP-L balances, according to the team.
Rewarding Contributors and Public Goods
Ian Wallis, head of business development at Linea, explained that the token distribution is intended to reward contributors while also supporting Ethereum-aligned public goods. He suggested the approach could appeal to institutions looking for “risk-adjusted yield in DeFi” due to its neutral allocation model.
The Linea network has been running since July 2023 and is structured as a zkEVM rollup compatible with Ethereum’s existing applications. This design makes it easier for developers to transition projects while benefiting from scalability improvements.
Ecosystem-Focused Distribution
The distribution framework previously outlined by Linea allocates 85 percent of the total supply to the ecosystem. Ten percent is fully unlocked for early users and builders, while 75 percent will go towards one of the largest ecosystem funds in the crypto sector. The Linea Consortium manages this pool and includes members such as Consensys, Eigen Labs, ENS, SharpLink Gaming, and Status.
Notably, there are no allocations for the founding team or venture capital investors. In addition, the token will not be used for on-chain governance, with strategic decisions instead handled by aligned institutions.
Unique Fee and Burn Mechanism
Linea has introduced a distinctive fee structure that it claims is a first among Layer 2 networks. One fifth of transaction fees paid in ETH will be burned directly at the protocol level. The remaining 80 percent will be used to buy and burn LINEA tokens. This dual mechanism is expected to create deflationary pressure on the token while sending value back to Ethereum Layer 1.
The project positions LINEA as “silver to ETH’s gold,” aiming to deliver native yield on bridged assets alongside its dual burn design. The long-term goal is to support Ethereum while reinforcing token value through sustained deflationary effects.
Exchange Listings and Partnerships
Linea has confirmed multiple partnerships to aid its token rollout. Binance Alpha has already integrated with the network. OKX’s XLaunch platform is running decentralised exchange trading campaigns where the LINEA token will make its debut. The team has also stated that several major exchanges are preparing to list the token, with further announcements expected in the coming weeks.
Brief Outage Resolved before Launch
Earlier on launch day the Linea network experienced a short disruption, though blockchain data shows the issue was quickly resolved before the token claims went live. Despite the hiccup, the TGE began smoothly, providing users with access to claim their allocations within the 90-day timeframe.
