According to PANews on July 30th, Linea project leader Declan Fox stated in a post on the X platform that the team has confirmed that 10% of tokens will beAccording to PANews on July 30th, Linea project leader Declan Fox stated in a post on the X platform that the team has confirmed that 10% of tokens will be

Linea announces token distribution details, 9% will be distributed to users via airdrop

2025/07/30 08:53
2 min read

According to PANews on July 30th, Linea project leader Declan Fox stated in a post on the X platform that the team has confirmed that 10% of tokens will be allocated to early contributors, including 9% for users who participate in Linea voyages and receive LXP. Eligibility criteria and checkers will be announced before the TGE. A snapshot has been completed and Sybil filtering has been performed. This airdrop does not involve CEX listing, InfoFi, or other dilution, and the team and investors will not receive any distributions. An additional 1% will be allocated to strategic builders, managed at the discretion of the Linea team, and used to incentivize dapps and the community. Liquidity provider rewards are included in the 75% ecosystem fund, and LXP-L details will be announced by the alliance. Of the 22% circulating supply, 12% (excluding the airdrop) will be used for governance initiatives such as exchange liquidity, market making, and partnerships. The ecosystem fund has a 10-year vesting period. According to Linea.eth, LINEA has launched a new L2 token economics model, featuring ETH as the sole gas token, no internal allocations, no token governance, 85% dedicated to the ecosystem, and 15% to the Consensys treasury (locked for 5 years). The project utilizes a dual burn mechanism: all gas fees are paid in ETH, 20% of net transaction fees are used to burn ETH, and 80% is used to burn LINEA tokens, directly linking network usage and value growth. An ecosystem fund, managed by the Linea Alliance, holds 75% of the total supply. 25% is allocated for ecosystem incentives, and the remaining 50% is unlocked over 10 years. 10% is allocated to early contributors, 9% is distributed to users via airdrops, and 1% is allocated to strategic builders. The TGE circulating supply accounts for approximately 22% of the total supply, or approximately 1.58 billion LINEA tokens, 1,000 times the initial circulating supply of ETH.
Market Opportunity
FOX Token Logo
FOX Token Price(FOX)
$0.007823
$0.007823$0.007823
-2.29%
USD
FOX Token (FOX) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Tesla Stock Forecast: Will $1.25T SpaceX-xAI Merge Boost TSLA?

Tesla Stock Forecast: Will $1.25T SpaceX-xAI Merge Boost TSLA?

Tesla shares closed at $421.96 as of February 4, holding flat while broader markets slipped. The muted move came as investors digested reports that SpaceX and xAI
Share
Coinstats2026/02/04 19:10
Moku Pledges $1M to Launch Grand Arena Season One, a 24/7 AI-Athlete Fantasy Platform

Moku Pledges $1M to Launch Grand Arena Season One, a 24/7 AI-Athlete Fantasy Platform

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.
Share
Blockchainreporter2025/09/22 22:20
Long-Awaited NikeSKIMS Launches To Reignite Nike’s Women’s Business

Long-Awaited NikeSKIMS Launches To Reignite Nike’s Women’s Business

The post Long-Awaited NikeSKIMS Launches To Reignite Nike’s Women’s Business appeared on BitcoinEthereumNews.com. Topline After delays due to product issues in its scheduled May release, the first NikeSKIMS activewear collections – the strategic partnership between the sportswear giant and Kim Kardashian’s $4 billion disruptive shapewear venture – will launch on both companies’ websites and in select Nike and SKIMS stores this Friday, September 26. Serena Williams for NikeSKIMS Courtesy of Nike Key Facts NikeSKIMS’ first outing will include three core activewear collections, along with four seasonal collections, all designed to support women with high-performance fabrication expected from Nike and the body-conscious styling SKIMS is known for. The introductory offering features 58 items in neutral colorways that can be combined into more than 10,000 different looks suited for an intense gym workout or a coffee run. An all-star cast of 50 elite female athletes star in the “Bodies at Work” release video, including Jordan Chiles, Romane Dicko, Beatriz Hatz, Chloe Kim, Nelly Korda, Sha’Carri Richardson, Madisen Skinner and Serena Williams, as well as Kardashian and members of UCLA and USC women’s teams. Prices will range from $38 for a bra to $128 for footed leggings, with the sweet spot for the collection in the $50 to $70 range, about even or slightly below the list price of premium activewear brands such as Lululemon and Alo Yoga. Crucial Quote “NikeSKIMS is more than a collaboration – It’s a new brand redefining activewear. With this launch, we are establishing a platform to grow NikeSKIMS, reach consumers worldwide and set a new benchmark for how activewear is experienced across retail, digital and cultural touch points,” said Jens Grede, SKIMS’ co-founder and CEO, in a statement. Key Background Nike has a lot riding on the success of the SKIMS-style meets Nike-function launch of NikeSKIMS. Nike brand revenues dropped 9% to $44.7 billion in fiscal year ended May 31…
Share
BitcoinEthereumNews2025/09/23 22:30