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Linea announced multiple plans ahead of the TGE, including the introduction of native ETH rewards, establishing an Ethereum Ecosystem Fund, etc.
BlockBeats News, July 29th, Linea announced multiple plans before the token TGE, including introducing native staking rewards for bridged Ethereum, launching a protocol-level Ethereum burning mechanism, designing an Ethereum-centric deflationary token, and establishing an Ethereum ecosystem fund. The goal is to transform Linea into an ETH capital hub, with the bridged Ethereum native staking feature expected to launch in October, and staking rewards will be reinvested in the Linea ecosystem. The Linea team stated that approximately 20% of all net transaction fees paid in ETH will be burned to reduce ETH supply, while the remaining 80% of net transaction fees will be used to burn LINEA tokens to reduce the fixed supply. Additionally, 85% of the token supply will be allocated to the ecosystem, with 10% reserved for early users and 75% gradually distributed through the ecosystem fund. The remaining 15% of LINEA tokens will be locked for five years and owned by the Consensys Treasury.
The ecosystem fund will be managed by the Linea Alliance, which is composed of leading Ethereum institutions such as Consensys, Eigen Labs, ENS Labs, Status, and SharpLink, with more institutions expected to join later. Although the issuance date of the LINEA token has not been announced, it is expected to go live soon. The upcoming token will mimic Ethereum's original distribution model while being built on the core utility of ETH.
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