LINEA Crypto Debuting TODAY: Discover Your Eligibility For The Airdrop
The Ethereum layer-2 network Linea is hosting its token-generation event today, marking one of the most anticipated launches in recent years. Linea intends to utilize its forthcoming LINEA crypto token as a means to attract global capital to Ethereum, both on-chain and off-chain.
Supporters refer to Linea as the most ‘Ethereum-aligned layer-2 protocol,’ as the chain will provide native yields to Ethereum stakers, along with an ecosystem fund consisting of roughly 54 billion LINEA tokens aimed at encouraging users to join its network.
The much-anticipated crypto token generation event (TGE) for Linea is set for today, September 10, just a few hours away. Here’s what you need to know about the LINEA token, including who is eligible to claim it.
LINEA is not merely another L2 coin launch.
It represents the most crucial event since the inception of ETH itself.LINEA will drive an ETH-focused vision, infrastructure, and gas mechanisms.
The TGE is happening in 5 hours.
Check your eligibility here https://t.co/SlL6M2Aw4h pic.twitter.com/zKBGWydvz1— Linea.eth (@LineaBuild) September 10, 2025
What Is LINEA Crypto: Is This The Largest Crypto token Launch In Recent Memory?
LINEA serves as the native crypto token for the ETH L2 platform that shares its name. This network was created by the Ethereum software development company, Consensys, and Linea is characterized as an “extension” of the existing layer-1 network.
Joe Lubin, the CEO of Consensys and one of the ETH co-founders, also leads Sharplink Gaming Inc (SBET). Sharplink is among the two major publicly traded firms that have pivoted to an Ethereum Treasury Strategy, alongside Bitmine (BMNR).
It’s crucial to highlight that unlike other L2 network tokens, LINEA will not function as the native gas coin for the Linea platform. Instead, Linea will utilize ETH
Ethereum ▲% as its gas crypto token for transaction fees.
Moreover, the LINEA token distinguishes itself from other L2 tokens by lacking any governance capabilities and is subject to a buyback and burn mechanism.
This means that the platform will use part of the ETH revenue generated from transaction fees to purchase LINEA and burn it, effectively removing it from the circulating supply and increasing buyer interest through artificial scarcity of the crypto token.
The total token supply of the coin is set at 72,009,990,000 LINEA, which is a symbolic nod to Ethereum, being ten times the original supply of Ethereum.
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According to DefiLlama data, Linea currently ranks as the 11th largest chain by TVL (total value locked), boasting over $1.34Bn. This is remarkable for a blockchain that has only had its mainnet operational for 24 months.
In reaching the 11th position, Linea has surpassed chains like Polygon, Cronos, Aptos, and many others. The launch of the LINEA coin today is anticipated to draw in a wave of new users to the ecosystem, likely boosting the TVL even further as Linea aims to break into the top 10.
With Consensys leading the LINEA crypto efforts and the close relationships with the Ethereum Foundation, expectations are high for this new L2 platform.
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All You Need To Know About The LINEA Free token distribution and Tokenomics
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As the LINEA token generation event (TGE) kicks off today, eligible free token distribution participants can initiate the claiming process for their LINEA tokens. A claiming window of up to 90 days is provided. After this period, any unclaimed LINEA tokens will be incorporated into the ecosystem fund and distributed by the Linea Consortium.
The LINEA coin is set to be distributed among three distinct groups: early users, ecosystem participants, and the Consensys treasury.
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75% Of The LINEA Crypto Supply Allocated For Engaged Community Members
LINEA – @LineaBuild tokenomics disclosed
Boost Ethereum, facilitate dev growth & remain sustainable in the long run.
• Dual-burn mechanism — burn Ethereum gas + purchase & burn $LINEA using 80% of post-L1 fees
• No on-chain governance — guided by the Linea Consortium (ENS, Eigen, Status,… https://t.co/CkVfV32p3x pic.twitter.com/mEEtnOMQ5b— ETH Daily (@ETH_Daily) August 11, 2025
A total of 75% of the LINEA crypto supply will be distributed to active members within the Linea ecosystem. This allocation will be overseen by a consortium of Ethereum-aligned organizations identified as the Linea Consortium.
This consortium includes companies like the Ethereum treasury, Sharplink Gaming, ENS Labs, Eigen Labs, and ConsenSys. They are tasked with distributing the ecosystem fund to those contributing to Linea’s and Ethereum’s growth.
Certain portions of the 75% have already received approval for allocation by the consortium. This includes 4% designated at the Token Generation Event (TGE) for liquidity providers during the Linea Surge event. Furthermore, 1 billion LINEA tokens have been authorized for distribution as part of Linea Ignition, a liquidity bootstrap event extending through October 26.
The remaining 15% of the LINEA supply is reserved for Consensys, the development entity that incubated the L2 platform. All 15% of these tokens are locked away for five years, underlining the long-term strategy and confidence the Consensys team has vested in Linea.
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The article LINEA Crypto Launching TODAY: Find Out If You Are Eligible For The Free token distribution first appeared on 99Bitcoins.
