The Exciting Distribution of LINEA Coins with Innovative Mechanisms
Main Idea
Linea, an Ethereum Layer 2 network, is distributing LINEA coins to users who participated in the 'Voyage' incentive program, with specific allocations for ecosystem development and a unique coin-burning mechanism.
Key Points
1. 9% of LINEA's supply is allocated to users who participated in the 'Voyage' program and collected LXP points.
2. 1% of the supply is reserved for strategic purposes, while 85% is designated for long-term ecosystem development, with 75% going to a special fund with a ten-year distribution plan.
3. Consensys will hold 15% of the supply, locked for five years.
4. Linea implements an Ethereum-based coin-burning mechanism where 20% of transaction fees are burned in ETH and 80% in LINEA coins.
Description
Linea network announces completion of last Blockchain snapshot for LINEA coin distribution. 9% of LINEA supply allocated to "Voyage" program participants as part of the incentive program. Strategic developers will receive 1% of the supply, benefiting Linea-compatible projects and initiatives. Continue Reading: The Exciting Distribution of LINEA Coins with Innovative Mechanisms The post The Exciting Distribution of LINEA Coins with Innovative Mechanisms appeared first on COINTURK NEWS .
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