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Lubin Hints at Linea Rewards for Long-Term Token Holders

2 months ago
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Consensys founder Joseph Lubin addressed issues from LINEA token holders after a latest 20% decline.

He recommended that retaining tokens long-term might result in advantages down the street.

Lubin shared on X that people who keep their LINEA balances for a specified interval could qualify for future distributions. These might embrace tokens from Consensys itself or from different linked tasks.

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He stated, “If we discover, at some date sooner or later, that you just’ve held n LINEA tokens for m days, that simply may result in one other token touchdown in your account”.

Lubin additionally talked about that MetaMask and Linea are collaborating on a challenge associated to this concept, though no additional particulars had been shared.

His feedback got here after Linea’s token technology occasion (TGE), throughout which the challenge introduced how LINEA tokens can be distributed.

In line with the plan, 85% of the whole provide is put aside for ecosystem growth, whereas the remaining 15% shall be held by the Consensys treasury.

The dialogue started when a Linea group member posted on X. They wrote, “Customers have no idea what to do with the Linea they’re holding”, and recommended growing platforms to make higher use of the token.

In the meantime, Hayden Davis, recognized for creating the LIBRA meme coin, was just lately linked to wallets that earned about $12 million buying and selling YZY, a token linked to Kanye West. How? Learn the total story.



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Tags: HintsholdersLineaLongtermLubinRewardsToken
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