• Ticker: LINEA
• Network: Linea network (Ethereum Layer-2)
• Category: zkEVM, Scaling

About LINEA

LINEA is the native token of the Linea network, a zkEVM-based Layer-2 scaling solution for Ethereum developed by ConsenSys (the company behind MetaMask). Linea's core mission is to scale Ethereum by providing a faster and cheaper environment for dApps, transactions, and NFTs, while maintaining full Ethereum compatibility through zero-knowledge proofs (zk-SNARKs). A defining feature of Linea is its "ecosystem-first" tokenomics model.

Key Points of LINEA

• Scaling Solution: Linea is a Layer-2 zkEVM Rollup that significantly lowers transaction fees and increases speed compared to the Ethereum mainnet.
• Ecosystem Incentivization: The token's primary utility is to foster the growth of the ecosystem, rewarding users and builders via grants and public goods funding.
• ETH as Gas: Importantly, ETH remains the exclusive gas token on the Linea network; LINEA is not used for transaction fees.
• Deflationary Mechanism: A dual-burn system is in place where network profits are used to burn both ETH (20% of net profits) and LINEA (80% of net profits), directly linking token supply to network activity.

FAQs

• What is LINEA used for? 

The primary use case for LINEA is to incentivize and foster the growth of the Linea ecosystem through funding, rewards, and grants for builders and users. It is not used for gas fees, which are paid in ETH.

• How does the Linea network work? 

Linea uses zk-Rollups technology to execute transactions off-chain and submits mathematical proofs of validity to the Ethereum mainnet for finality. This ensures integrity, security, and fast execution.

• What makes LINEA unique? 

LINEA's tokenomics are unique as the token is not used for gas fees and, by design, currently does not come with governance rights or allocation for insiders or investors, with 85% of the supply dedicated to the community and ecosystem.

• How can I buy LINEA on Bitso?

1. Log in to your Bitso account or sign up if you don’t have one.
2. Go to “Buy/Sell” and select 2Z as the token you want to purchase.
3. Choose any available fiat currency (MXN, ARS, BRL, COP, or USD) as your base.
4. Enter the amount, review the details, and confirm your transaction.

You can track the token’s performance directly in the app.

Tokenomics

The total supply of LINEA is 72,009,990,000. The model is ecosystem-focused:

• Ecosystem Allocation (85%): This vast majority is invested in the community and ecosystem, funding grants, rewarding users, and supporting public goods.
• ConsenSys Treasury (15%): Locked for five years.
• No Insider/VC Allocation: The design excludes allocation for private investors, insiders, or team members.
• Dual-Burn Mechanism: 80% of the network's net ETH profits are used to perpetually burn LINEA tokens, making the token deflationary.

Example Use Case

A decentralized exchange (DEX) launches on the Linea network to offer faster, cheaper trading. To attract liquidity, the DEX applies for and receives a grant of LINEA tokens from the Ecosystem Fund. This helps the DEX bootstrap its platform and reward users who provide liquidity, aligning their incentives with the growth of the overall Linea ecosystem.

Disclaimer

This Help Center article is for informational purposes only and does not constitute investment advice. Please conduct your own research (DYOR) and assess your risk tolerance before trading. As always, invest responsibly and stay informed.