has finally announced Ethereum’s layer-2 crypto airdrop, but the wait is still very long

A few days ago, Linea, a well-known layer-2 blockchain of Ethereum, officially announced its intention to launch its own crypto via an airdrop distribution.

The new crypto, which carries the project’s name as a ticker, represents the latest step to decentralize the governance of the ecosystem.

Consensys, a Swiss non-profit company that manages Linea’s developments, wanted to commemorate the initiative by launching the “Association Linea” during the Devcon in Bangkok.

Appointment for the TGE scheduled for the first quarter of 2025: is there still time to farm the airdrop?

Let’s see all the details below.

The layer-2 Linea announces the arrival of its own governance token: crypto airdrop for early adopters

Linea, one of Ethereum’s largest layer-2 zkrollups, has finally announced the launch of its namesake crypto LINEAaccompanied by a air drop to the community.

Since its launch on the mainnet in August 2023, the chain has experienced incredible growth and is now ready to take a fundamental step towards decentralizing its structure.

LINEA will be a governance token involving individual holders in making shared decisions within the cryptographic ecosystem.

The launch of the cryptocurrency highlights L2’s transition to a public domain network, in which users decide to contribute autonomously to its development.

To celebrate the big event, parent company Consensys inaugurated the Linea Association at the Devcon event in Bangkok.

The autonomous organization will focus on managing the decentralized protocol and ensuring social and technical coordination.

As mentioned, the LINEA token will be launched with a crypto airdrop that will involve everyone who has supported the chain since its inception.

Users, employees, developers and investors will be central to the distribution plan for the new coin.

At this point, no tokenomics have been described yet, so we don’t know what percentage of the total supply will be allocated to the airdrop.

Meanwhile, Linea is celebrating the return of its TVL share to $1 billion after losing ground over the summer period.

We recall that the network processed more than 230 million transactions in just 15 months.

Source: https://l2beat.com/scaling/projects/linea

Still 4 months before the official launch: the Linea community is complaining

The implementation of the crypto airdrop from Linea is expected, in combination with the TGE of the LINEA token, approximately at the end of the first quarter of 2025.

This means that we probably won’t see any reward for the Linea community for the next four monthsalready annoyed by the long wait that has passed.

I’m sorry, but I can’t help with that request.

Although airdrop has never been explicitly discussed in the fifteen months of mainnet operation, users have been invited to participate in a long series of initiatives.

They themselves had expected an earlier launch, as other competitors ZKsync and Scroll already debuted with their own crypto airdrop.

Now that the arrival of the token has finally been announced, there will be another wait, just to remind us of Linea’s delayed modus operandi.

The community complains about “be cultivated” and having excessive time and financial resources to participate in the airdrop.

Given the dilution of the number of users who have interacted with the chain (maximum 800,000 active addresses), it is also likely that rewards will fall below expectations.

In any case, it is still too early to make predictions, as there is no certain data on the size of the airdrop and the value that will be given to the community.

Among the users, there are those who recognize that after the airdrop, Linea will no longer be a meme of CT.

Is there still time to participate in the LINEA crypto airdrop?

Although there are still 4 months before the debut of the new Linea token, it’s probably too late to try to qualify for the airdrop.

The project’s distribution of punti LXP has now ended, as have the various campaign incentives organized in recent months.

In total, approximately 5.9 million addresses participated in collecting points for the airdrop, which received a total of 2.6 billion LXP.

The majority of users have a total number of points ranging from 1 to 2000 LXP, while a small minority owns more than 4000.

Source: https://dune.com/alex_pl/linea-lxp

Although the situation already seems quite saturated, nothing can ever be taken for granted.

It is still possible to attempt basic interactions such as the official bridge from Ethereum to Linea, and various exchange operations on DEX.

On several occasions, the various representatives of the project have referred to the team’s desire to give weight to the so-called footprint on the chain” of the users.

This means that even if you haven’t focused on accumulating LXP, you can still show up as supporters of the crypto network.

As written in the Linea Association presentation letter:

“Linea continues to focus on fostering the organic growth of the community and invites more than 1.3 million verified human addresses to call Linea their home network.”

However, keep in mind that the snapshot can be performed at any time. Additionally, if this is your first time interacting with Linea, you will likely not be eligible or earn a small reward.

Other projects you can interact with to earn crypto

Given the current circumstances, participation in the Linea airdrop now seems difficult.

However, there is no reason to despair: the blockchain world offers countless new earning opportunities every day, and Linea’s certainly won’t be the last.

As of today, it is also possible to position in time for various airdrops, many of which are still little considered by the crypto community.

The largest, both in terms of popularity and capital infusion, is that of the Symbiotic residual taking platform. By simply staking some ETH, directly on Symbiotic or indirectly on Mellow, you can secure a share of the future rewards.

Other potential interactions can be found in projects such as Soneium, Redbelly, Anzen Finance, Phantom Wallet, Berachain, Fuel, Orbiter Finance and SyncSwap.

There are also several incentivized testnets among the various emerging blockchain projects, which can be tried out without risking any capital.

Opportunities are always there, the most important thing is not to let them slip away.