লক্ষীঝাঁপি সিরিয়াল 15 সেপ্টেম্বর ফুল এপিসোড। লক্ষীঝাঁপি আজকের পর্ব
The much-anticipated token generation event (TGE) for the LINEA token was officially held on September 11. However, the launch was not completely smooth because of technical difficulties caused by heavy demand during the first 55 minutes.
Today, Joseph Lubin, Founder of Consensys, addressed the issue on the X, stating that early demand was more than double their projections, despite threefold overprovisioning. He also mentioned that Consensys swiftly increased resources, and the launch soon stabilized.
The Linea token economy has been established. This is one of the most crucial milestones in our journey,” Lubin said. “Strategy, execution, and teamwork came together to unlock the next chapter of growth.
Developing the Linea ecosystem
Linea is a fully Ethereum-equivalent zkEVM rollup that provides fast settlements, ultra-low fees, and uses ETH for gas, yield, and burn. Every transaction enhances Ethereum while creating new options for developers and users.
The token economy began with mUSD as the primary token for applications and $50 million in liquidity provided by Etherex. Lubin stated that the token economy is intended to evolve into a fully functional ecosystem “because it is credibly neutral and thus a fertile home for permissionless innovation.
He also mentioned that responsibility is being dispersed and shared by the Linea Consortium, which comprises companies like SharpLink Gaming, ENS Labs, Eigen Labs, and Status. Furthermore, MetaMask and Infura continue to play important roles in the acceptance and utility of the LINEA coin.
Lubin also predicted a bright future, stating, “This is only the beginning. The TGE lays the groundwork for Consensys’ next phase, in which Linea scales Ethereum, MetaMask drives adoption, and our collaborative efforts position us to lead the industry forward.”
Token airdrop and community comments
Along with the TGE, Linea performed a token airdrop, releasing approximately 9 billion LINEA tokens to qualified users. Users have 90 days to claim their tokens. The airdrop, however, encountered a temporary sequencer glitch.
Following the airdrop, some users expressed concern that the eligibility rules favored whales and huge holdings. These consumers worked for months on jobs, incurring large petrol expenditures, just to receive minimal returns.
On the other hand, Binance users apparently received their tokens and were able to trade them immediately. This has sparked claims of favoring big players over the active community.
According to CoinMarketCap, the LINEA token is selling at around $0.0234, a 27% drop from its initial launch price.
