LINEA TGE Opens 90-Day Claim Window, Plans to Airdrop Over 9.36 Billion Tokens

Linea, the Ethereum Layer 2 network built by Consensys, opened its native asset, LINEA, for claiming on Wednesday through a Token Generation Event (TGE), opening a 90-day claim window until December 9th. According to Linea's previously released official documentation, the total supply of LINEA tokens is approximately 72 billion, with 85% (61.2 billion) allocated to the ecosystem for community development, infrastructure development, and support for Ethereum public products. 75% of the ecosystem fund will be gradually released over the next 10 years. 10% (7.2 billion) will be used for airdrops to reward early users, builders, and MetaMask ecosystem participants. The tokens are fully unlocked with no lock-up period. At the time of the TGE, the initial circulating supply was approximately 22%, or approximately 15.8 billion LINEA, entering circulation. This will be primarily distributed through airdrops and liquidity incentives (such as the Linea Ignition program). (The Block)