PANews reported on November 13 that according to CoinDesk, Ethereum development company ConsenSys revealed that its rollup blockchain Linea will soon release the "LINEA" token; LINEA tokens will be distributed as rewards to active contributors and users of the Linea network; the specific distribution criteria and schedule have not yet been announced, but LINEA is expected to be released in the first quarter of next year.
ConsenSys founder and CEO Joe Lubin said that Trump’s election did not affect ConsenSys’s final decision to announce LINEA, but he admitted, “We have been operating under the cloud of uncertainty for a long time. If we were worried that the U.S. Securities and Exchange Commission (SEC) would come knocking on our door, we would have stopped tokenization a few years ago.”
The token marks an important step in the decentralization of the Linea ecosystem. In addition to the LINEA token, ConsenSys also announced the establishment of the Linea Association, a non-profit organization responsible for distributing tokens and guiding the development of the Linea protocol. In addition, Lubin said: "There will also be a decentralized autonomous organization (DAO), and there may be sub-DAOs to organize the work." Lubin said that a high proportion of tokens will be dedicated to the community, but did not specify how many tokens will be distributed to the Linea community or other network stakeholders.