Ethereum 
$2,262 Layer 2 network Linea has officially announced the completion of its last Blockchain snapshot for the distribution of LINEA coins to its users. Supported by Consensys, Declan Fox, Linea’s Product Director, revealed that 9% of the LINEA supply would be allocated to users who participated in the “Voyage” incentive program and collected LXP points. Following the snapshot, the criteria for earning coins will soon be detailed.
Distribution Criteria and Eligibility for LINEA Coin
According to Fox’s shared details, users will be able to earn LINEA coins based on their level of participation in the “Voyage” event and the LXP points they accumulate. Specific thresholds and multipliers will be applied for coin earning, with detailed criteria to be announced before the coin production event. Measures have also been undertaken to filter out fake accounts from the coin distribution.
In addition, Linea has allocated 1% of its coin supply to strategic developers. This allocation includes dApps and communities compatible with Linea. Allocations in this segment will be determined at the discretion of the Linea team, conducted according to plans that contribute to the Linea ecosystem. Developers may distribute these coins to their communities if they wish.
Eighty-five percent of Linea’s total supply is designated for long-term ecosystem development, with 75% transferred to a special ecosystem fund. This fund has a ten-year distribution plan and will finance liquidity incentives, collaborations, and other projects. The remaining 15% will be held by Consensys and locked for five years.
Implementation of Ethereum-Based Coin Burning Mechanism
Linea aspires to become a central hub of Ethereum capital and aims to align its technology fully with Ethereum. Additionally, at the protocol level, the introduction of a coin burning mechanism related to Ethereum and local yields for ETH is planned. Upon coin production, 20% of transaction fees will be burned in ETH, with the remaining 80% used for burning LINEA coins.
