Odaily Planet Daily News: Ethereum L2 network Linea announced the token economics of its token LINEA on July 29. LINEA is not a gas token. Transactions on Linea use ETH to pay for handling fees. Both ETH and LINEA are double-destroyed through the L2 charging mechanism.

The total supply of tokens is 72 billion, of which 85% is allocated to the ecosystem and 15% is allocated to the ConsenSys Treasury, which has a five-year lockup period. There is no reserve for investors or employees. The core purpose of the token is to reward real usage, incentivize builders, and support Ethereum public goods. Approximately 15.8 billion tokens (approximately 22%) will be in circulation at the Time General Evolution (TGE), covering airdrops for early adopters, ecosystem incentives, and liquidity guidance.

The specific allocation is as follows:

Ecosystem Fund (75%): Managed by the Linea Federation, it includes ENS Labs, Eigen Labs, Status, etc. It operates as a non-profit entity and supports liquidity, developer incentives, R&D and public infrastructure in phases;

Early Contributors (10%): 9% will be used for user airdrops and 1% will be used for key ecological projects, both of which will be unlocked at TGE; Consensys Treasury (15%): locked for five years for subsequent ecological deployment and protocol health support.

Linea DAO will be responsible for disbursing ecosystem funds and designing incentive mechanisms, with no token-based on-chain governance. Regarding the fee mechanism, 20% of the ETH transaction fees on L2 will be destroyed, and 80% will be used to repurchase and destroy LINEA, establishing a long-term value linkage between ETH and LINEA.