Linea Completes Snapshot for LINEA Token Airdrop

Linea took its final blockchain snapshot to determine who gets tokens in its upcoming LINEA airdrop. The Ethereum Layer 2 network, developed by ConsenSys, will distribute 9% of its total 72 billion token supply to users who earned LXP points during its Voyage incentive campaign.

Product director Declan Fox confirmed that Sybil filtering has already been applied to the snapshot data. An on-chain eligibility checker will launch before the token generation event to show users their allocation. The snapshot was taken in late July on Linea's zkEVM network, which went live in July 2023.

The airdrop allocates 6.48 billion tokens to campaign participants. Another 1% of the supply goes to strategic builders, including Linea-focused apps and community projects, chosen by the Linea team. ConsenSys holds 15% of tokens under a five-year lockup period.

Linea reserved 85% of its total supply for ecosystem incentives over 10 years. These tokens will fund liquidity incentives, grants, partnerships, and other programs decided through governance voting.

The network plans a dual-burn mechanism tied to transaction fees. Twenty percent of Linea's transaction fees, paid in ETH, will be burned at the protocol level. The remaining 80% will buy back and burn LINEA tokens, creating deflationary pressure on the supply.

Linea operates as a ZK-Rollup on Ethereum and plans to introduce native yield on bridged ETH alongside the protocol-level ETH burn mechanism. A consortium including ConsenSys, Eigen Labs, ENS Labs, Status, and SharpLink will oversee the ecosystem fund for at least 10 years.

The network positions itself as fully aligned with Ethereum's economics and technology, aiming to become a central hub for ETH capital through its Ethereum-focused token design and fee structure.