🚀 LINEA Token to Be Launched by the End of Q1 2025: Confirmed
posted 13 Nov 2024
Ethereum Layer 2 solution Linea developed by Consensys is heading towards decentralization. At Devcon 2024, the company announced the Linea Association to oversee the blockchain’s development and governance along with the launch of the LINEA token.
The network’s native cryptocurrency is expected to launch by the end of the first quarter of 2025. LINEA token holders will be able to participate in governance and use it for other purposes.
In a press release, the team announced that more details on the token’s design, economics, and utility will be shared before the token launch.
Linea founder Nicolas Liochon stated:
Decentralization is at the core of Linea's vision. Linea must be owned and governed openly by all as a public good, just as Layer 1 Ethereum is. The establishment of the Linea Association ensures that the protocol's future lies in the hands of its community, empowering users and developers to shape its trajectory collaboratively and transparently.
The Linea Association is independent of ConsenSys, as the blockchain software developer focuses on decentralizing its products.
Joseph Lubin, the founder and CEO of ConsenSys, congratulated Linea on X, affirming the company’s commitment to fostering a more resilient and transparent Web3.
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