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Linea reflects after its opening: "Luma" is not dead, but the thinking needs to change
Asher
Odaily资深作者
@Asher_0210
7hours ago
This article is about 1361 words, reading the full article takes about 2 minutes
Instead of working hard on Linea for three years, it would be better to participate in OKX Boost and Binance Alpha for a few days.

Original | Odaily Planet Daily ( @OdailyChina )

Author | Asher ( @Asher_0210 )

Last night, the "king-level" project Linea officially opened. On-chain data showed that after LINEA opened at a high of $0.046, it quickly fell back to a low of below $0.023. It is currently trading at $0.024, with a circulating market capitalization of only $375 million, ranking only 230th in the crypto market capitalization.

Judging by the results of the Linea token airdrop, traditional methods of leveraging the platform continue to face bottlenecks. For early adopters, this may be another signal: continuing with past practices will not guarantee returns, and finding new ways to participate is the only way to keep up with the pace of change.

Three years of hard work on Linea, but not as much as a few days of participation in OKX Boost and Binance Alpha

The traditional "scam" model may have come to an end. "You've worked hard on Linea for three years, but in the end, you're not as good as me in participating in OKX Boost and Binance Alpha for a few days."

According to official data, Linea airdropped a total of 9.36 billion LINEA tokens, with 749,000 eligible wallet addresses. However, for long-term users who have consistently interacted with the platform for over three years, the returns have been disappointing: a single address has received only 2,000 to 4,000 tokens, equivalent to $50 to $100 (based on a $0.0245 price). In other words, the long-term investment and on-chain operations ultimately yield very limited financial returns.

In stark contrast, recent Web 3 wallet airdrops led by major exchanges are:

  • In the first phase of OKX Boost's X Launch event, eligible participants can receive over 2,100 LINEA tokens per point (a total of 23,100 eligible addresses participated, with a total transaction point of 76,359.77);
  • In the Binance Alpha event, the first phase of Linea airdrop threshold is at least 220 Alpha points. Users who meet the requirements can directly receive 7,700 LINEA, worth approximately US$190.

Although such activities also require certain participation costs (such as trading volume, fund balance, etc.), the cost-effectiveness of the returns is obviously higher:

  • Shorter time: no longer need months or even years of interaction accumulation;
  • Cost control: clear funding or task thresholds in exchange for benefits;
  • The benefits are more intuitive: the number of airdrops is much higher than that of most long-term interactive users.

This means that the "fleecing" model, which relies solely on "persistent participation in early interactions," is gradually losing its competitiveness. As mainstream exchanges accelerate their entry into the Web 3 wallet ecosystem and launch various "token airdrop" campaigns, it is foreseeable that more and more projects conducting TGEs will be willing to allocate a portion of the tokens originally reserved for early users to users within the exchange ecosystem in order to secure listings on major exchanges.

Adjustment of the “hair-pulling” strategy

On the one hand, for the average "money-grubbing party," while it's still important to engage with highly funded, highly discussed, early-stage projects, the time and cost must be carefully managed. Unlike the past practice of blindly sticking to the long term, it will become increasingly necessary to be selective in allocating time and cost to the early-stage projects they interact with. Simply put, one can no longer invest significant energy and capital in long-term interactions with a single project. Instead, one should focus on targeted, low-cost trials, maintaining weekly or monthly activity, or even extremely simple daily tasks, to avoid excessive time commitments and sunk costs associated with a single project.

More importantly, perhaps you should consider participating in campaigns like OKX Boost and Binance Alpha. Admittedly, there have been a number of market skeptics—for example, the large number of participants limited the number of tokens distributed per person and the high barrier to entry. However, the actual results show that users who persisted in participating in Binance Alpha and the first phase of OKX Boost have indeed achieved significant returns in a short period of time.

"Luomao" is not dead, you just need to change your thinking.

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