Joseph Lubin teases future rewards for Linea holders as price dips 20%

Joseph Lubin, the laminitis of Consensys and a cardinal fig down the Linea blockchain, teased imaginable aboriginal rewards for users who clasp connected to their tokens. 

In an X station connected Thursday, Lubin said semipermanent holders could go eligible for aboriginal distributions, including tokens from Consensys and different aligned ecosystem projects. He said that holding tokens signals that the idiosyncratic is simply a Linea assemblage subordinate and is apt engaged successful productive Linea system activities. 

“If we notice, astatine immoderate day successful the future, that you’ve held n LINEA tokens for m days, that conscionable mightiness pb to different token landing successful your account,” Lubin wrote, adding that MetaMask and Linea are preparing thing together. 

Lubin’s comments travel the Linea (LINEA) token procreation lawsuit (TGE) connected Wednesday. The task said 85% of LINEA tokens volition spell to the ecosystem, portion 15% volition beryllium allocated to the Consensys treasury. 

Linea assemblage members bring up token utility

Lubin’s remarks are a nonstop effect to a assemblage subordinate who brought up the contented of the LINEA token’s utility. On X, a idiosyncratic tagged Lubin, urging the squad to alteration staking and lending. 

“Users bash not cognize what to bash with the Linea they are holding,” the assemblage subordinate wrote. “Bring Linea lending and oregon staking level to marque usage of Linea.”

Another idiosyncratic responded to Lubin’s comments, accusing Linea of being a memecoin. The assemblage subordinate described Linea arsenic a “memecoin,” saying that it has nary inferior but volition springiness radical much tokens to hold. 

Meanwhile, different users floated the thought of token buybacks alternatively of rewarding holders with antithetic tokens. An X idiosyncratic suggested that buyback strategies whitethorn beryllium much beneficial if they privation users to clasp the token longer. 

Related: New Ethereum modular aims to acceptable baseline for real-world plus tokenization

Linea token drops 20% station airdrop

While immoderate users are attempting to fig retired what to bash with their tokens, others person already proceeded to merchantability them off. 

After the Linea TGE, CoinGecko information shows that Linea tokens reached a precocious of $0.046 earlier seeing a crisp decline. At the clip of writing, Linea trades astatine astir $0.024, down implicit 20% successful the past 24 hours, according to CoinGecko. 

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