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Consensys’ Linea Network Plans LINEA Token Launch for Q1 2025

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Harsh Chauhan
Last Updated
Key Takeaways
  • The Linea Association, a Swiss non-profit, was launched to decentralize and govern Linea’s zkEVM Layer-2 mainnet, focusing on security and scalability.
  • Linea’s native token, LINEA, will launch in Q1 2025, enabling tokenholders to participate in the platform’s governance.
  • With over 230 million transactions and 1.3 million users, Linea has become one of the fastest-growing zkEVM platforms on Ethereum since August 2023

Bangkok’s Devcon saw the launch of a new Swiss non-profit, The Linea Association. This marks a step toward decentralizing Linea’s Mainnet, a zkEVM Layer-2, bootstrapped by ConsenSys.

Founded to oversee the growth of Linea’s network, the Linea Association will promote the security, scalability, and decentralization of the mainnet.

Mission and Key Priorities

According to the organization’s statement , “The core priorities of the Association echo those of Linea today: To empower the world to live onchain.”

The Association aims to support the growth of Linea Mainnet, further decentralize the governance, and build a strong ecosystem that aligns with the operation and evolution of Ethereum Layer 1.

The organization is also focused on helping developers create decentralized applications with high usability, especially through MetaMask integration. Another aspect of focus is stimulating growth and formation of stronger communities built with real people who engage in various projects.

Linea’s Native Token

The Linea Association is preparing to launch its native token, LINEA, and the organization will play an integral role in the Token Generation Event (TGE) scheduled for Q1 2025.

The token will allow holders to participate in the governance, allowing users to shape Linea’s future. According to the TGE plan, the tokens will be distributed to ecosystem contributors.

Linea is working towards implementing decentralized governance through various mechanisms that include governance tokens, community initiatives, and decentralized protocol development.

The Association’s governance structure will consist of a Board of Directors, a General Assembly, and an Executive Director, with oversight from a token governance body.

Rapid Growth and Community Impact

Since its mainnet launch in August 2023, Linea stands among the fastest-growing zkEVM platforms on Ethereum, with over 230 million transactions and a partner network with over 420 organizations.

Linea’s community includes 1.3 million verified users, which gives it the leading position among platforms in the decentralized ecosystem.

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Harsh Chauhan

Harsh is an experienced crypto journalist with a background in covering Crypto, Blockchain, Web3, NFTs, and AI. With a foundation in business and blockchain, Harsh delivers timely updates and insights to provide value to his readers.
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