BlockBeats News, July 29th, Linea announced multiple plans before the token generation event (TGE) and mentioned token distribution, including introducing native staking rewards on the bridged Ethereum, launching a protocol-level Ethereum burn mechanism, designing an Ethereum-centered deflationary token, and establishing an Ethereum ecosystem fund. The goal, to transform Linea into an ETH capital hub, aims to launch the bridged Ethereum native staking feature in October, with staking rewards reinvested in the Linea ecosystem. The Linea team stated that approximately 20% of all net transaction fees paid in ETH will be burned to reduce ETH supply, while the remaining 80% of net transaction fees will be used to burn LINEA tokens to decrease the fixed token supply. The ecosystem fund will be managed by the Linea Alliance, consisting of leading Ethereum institutions such as Consensys, Eigen Labs, ENS Labs, Status, and SharpLink, with more institutions expected to join.
Regarding token distribution, Linea stated that 85% of the token supply will be allocated to the ecosystem, with 10% reserved for early users and 75% gradually distributed through the ecosystem fund. The remaining 15% of LINEA tokens will be locked up for five years and owned by the Consensys Treasury. While the issuance date of the LINEA token has not been announced yet, it is expected to launch soon. The upcoming token issuance will mirror Ethereum's original distribution model while being built on the core utility of ETH.