Ethereum Layer-2 Linea unveils token plans, Sharplink ticks and others for distribution

Ethereum Low-2 network Linea wants to become the best place for Eth -Ecosystem capital in the future. And to promote that goal, the builders of the network share planning to launch a Linea token for the chain with a corresponding ecosystem fund.

Linea Creator Consensys said that the plan is all about an obligation to the Ethereum basis with new ecosystem mechanics such as native yield on bridged ETH and ETH burns. (Disclosure: Consensys is one of them 22 Investors In an editorial independent Decodeer.))

It also includes the establishment of the Linea Consortium-a group of Ethereum-Uittervelijnde companies, including listed Treasury Company Sharplink Gaming Die Collective 75% of the final Linea Token Distribution will discuss through what the network calls the “the” largest Ecosystem Allocation “.

“Linea becomes the chain for Eth Capital,” Declan Fox, head of Linea at Consensys, said Decrypt. “We build these mechanisms in this Ethereum-oriented token design and economic design to actually be the best place for ETH capital.”

Designed to stimulate the development of Bootstrap and via Ethereum, consortium members will also contain consensys, own laboratories, ENS laboratories and status-according to FOX’s leadership of the “thinking” Linea Tokens for both the Layer-2 network and the Ethereum itself.

Who can ultimately receive those tokens?

“They are users, they are builders, these are liquidity providers, they are institutions, they are makers … everything or someone who is going to help Ethereum and Linea successfully make it,” he said, and adds that the entire charter of the consortium is expected to be published in the coming weeks, prior to Linea’s Tokyerie -Evenement.

The network is also planning to benefit users at the chain, so that 20% of all net transaction costs (paid in ETH) are immediately burned, while the remaining 80% of the net fees burns linea, making a deflationary flywheel proportional to network activity.

“As Linea grows, it actually offers direct value to ETH holders,” said Fox, who added that the builders of the Network Linea really see as an expansion of Ethereum.

That network lines were clear Newly appointed Sharplink Co-CEO Joseph Chalomwho said in a statement that “Linea’s dedication to Ethereum could not be clearer”, and that the “unique coordination with Ethereum will make [Linea] An important part of his future. ‘

However, the coordination between Ethereum and its low-2s is not always seen as a positive, with some investors and analysts who suggest that the Scale networks have removed value From the Mainnet of Ethereum.

That problem was Recognized by Ethereum co-founder Vitalik Buterin In January, who said that ecosystem developers’ should think explicitly [the] Eth-economy, ‘Go so far to suggest that Layer-2s burn some of their costs to support ETH has been undertaken linea.

That future seemed clearer lately, because ETH has been charged again in recent weeks at a price of almost $ 4,000, High 2025 hit In the process. However, it still remains more than 21% discount at its highest peak of $ 4,878 from 2021.

ETH is currently priced at $ 3,824. There are countless users Ethereum a 30% chance of being above $ 4,000 at the end of July. (Disclosure: countless is a product of DecryptThe parent company, Dastan.)

In the eyes of Fox, the success of Linea comes down to the success of Ethereum.

“Our North Star is really about Ethereum,” he said. “Linea success will be derived by the world that believes and know that Ethereum is the future global low of decentralized finances and the broader ecosystem, and also, and also, [that] ETH is the most important digital active in the world. ”

But more specifically?

“For us it will be the amount of ETH capital that is actively used on Linea Manet,” he added. “We are planning to offer the best risk-corrected return for ETH capital.”