Declan Fox, global product lead for Linea, said there is no exact date for the token generation event yet, but details will be shared a week before.
The Consensys-developed Linea network says it will become one of the first Ethereum layer-2 networks to commit to burning Ether as part of its network design, as it shared new details of its upcoming token generation event and airdrop.
Linea announced new staking and burning mechanisms for its upcoming token launch in an effort to become more aligned with the layer-1 blockchain, which it hopes will make the network the “home for ETH capital,” according to a statement sent to Cointelegraph.
The move comes amid growing concern that layer-2 networks have been leeching chain activity and fee income from the Ethereum mainnet.
