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Today, a big moment is unfolding in the world of cryptocurrency as Brian Quintenz prepares to speak. He is set to appear before the Senate Agriculture Committee at 3 PM EST. Quintenz will share exciting news about the Commodity Futures Trading Commission’s (CFTC) authority in his prepared remarks. CFTC’s Potential Leap into Spot Crypto Regulation:
The post CFTC Should Oversee Spot Crypto Markets: Brian Quintenz appeared first on CoinGape.
Now that spring is finally here, it’s time to start transitioning your wardrobe from winter into the current season. That…
The emergence of Web3 took the tech world by storm with the rise of cryptocurrency in the 2010s. Exponential growth was expected, with Gartner predicting that about a quarter of all enterprises would be using decentralized architectures by 2027. However, Markets and Markets estimates that fewer than 10% of enterprises have integrated decentralized identity solutions
The post Five Critical UX Roadblocks Slowing Web3 Adoption and How to Overcome Them appeared first on CoinGape.
On July 29, Linea, a Layer 2 solution on Ethereum developed by Consensys, officially announced details regarding its token, LINEA.
Several key aspects, such as the Token Generation Event (TGE) timeline, remain unconfirmed. Details regarding the airdrop and the supply management strategy are also yet to be clarified.
According to the official blog and social media channels, the total supply of the LINEA token is 72,009,990,000 tokens — approximately 72 billion. This is 1,000 times larger than ETH’s initial circulating supply. It’s a remarkably high figure for a Layer-2 token whose tokenomics are being revealed for the first time.
Notably, 9% of the total LINEA supply in tokenomics will be distributed via an airdrop to early users. However, specifics regarding eligibility criteria, distribution timeline, and detailed requirements have not been officially disclosed.
Ahead of the TGE, Linea unveiled several major plans to prepare for the token rollout, including: token distribution through various methods (with airdrops to early users as one); introducing an ETH-based yield mechanism for the network; and the establishment of an ecosystem development fund.
While many operational details for these new mechanisms are still unclear, the simultaneous release of public tokenomics and internal economic direction marks a rare level of transparency, especially compared to many current Layer 2 projects that have yet to disclose clear token information.
“We will be sharing more details on the native yield bridge design, the charter for the Linea Consortium, and how Linea will play a central part in the future of Ethereum.” Declan Fox, builder on Linea, shared.
Given that Linea is developed by Consensys — one of the most reputable organizations in the Ethereum ecosystem — the token launch could draw significant attention from the Web3 community, particularly among early adopters who previously interacted with the testnet or bridge on the Linea network. Still, there has been no official confirmation regarding the specific recipients of the airdrop.
That said, the 72 billion total supply of LINEA is considered massive and has sparked extensive debate within the community. The fact that it is 1,000 times the initial ETH supply raises concerns around inflation structure, long-term distribution, and potential value dilution. Without strong token lockup mechanisms or a clearly defined distribution strategy, post-TGE selling pressure could be a likely scenario.
Linea has halted the blockchain before. The recent halt of Linea’s blockchain has ignited discussions about its commitment to decentralization as an Ethereum Layer-2 (L2) solution.
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