Lineau postponed Airdrop: no TGE in Q1 this year...Snapshot has not been taken yet, token economics will be revealed soon

Backed by the MetaMask Wallet developer ConsenSys Ethereum Layer2 network Linea recently announced the delay of launch coin, confirming that TGE will not start as scheduled in Q1, triggering dissatisfaction within the community. Linea held an AMA yesterday to explain the latest developments regarding TGE to the community, and this article will summarize the key points. Linea delayed the launch coin: TGE will not happen in Q1 as planned, Linea Association officially confirmed on February 21 that the launch coin time will be postponed, ensuring that Linea's TGE will not occur as expected in the first quarter. The team's reason includes ongoing technical and design work, including community collaboration, which needs to be completed to align with Linea's plans and long-term interests of its community. However, emphasizing that the preparation work is in the final stages and exciting updates will be shared soon. Linea's TGE will not happen in the first quarter. Once the schedule is confirmed, we will announce it clearly to maintain transparency for the entire community. Our goal has always been to deliver the best possible experience for the Linea community. We’ve actively been gathering community feedback to ensure a successful Linea launch for the project and our community members. While we initially targeted a launch in Q1, technical and... - Linea Association (@LineaAssoc) February 21, 2025 Linea announced the progress of TGE: Linea's decision to postpone the launch coin immediately sparked dissatisfaction within the community, complaining that 'if it doesn't launch soon, it's doomed.' To appease the community, Linea held an AMA yesterday (26th) to provide updates on the work related to TGE. According to Linea ambassador zETHerka.eth's tweet, Linea discussed TGE and some viewpoints on witch Address (sybils) and the minimum threshold of LXP in the AMA. Key points are as follows: 1. After deleting Sybils Address, data analysis is about to be completed. The official Snapshot has not been taken yet, but LXP and LXP-L values remain unchanged. Note: LXP is earned by participating in and exploring Dapps within the entire Linea ecosystem, while LXP-L is earned by providing Liquidity in the entire Linea ecosystem. 2. ConsenSys follows strict communication rules, and the decentralization of Linea is a complex process filled with bureaucratic obstacles. The team has not set a schedule but is working to provide clarity on TGE and token distribution. 3. Due to legal and operational constraints, the exact date of TGE cannot be provided, but plans to release Tokenomics in the coming weeks. An LXP minimum threshold is expected, but the specific value is not yet determined. 4. LXP and LXP-L are important, but multi-chain activities are also valued. Possible recalibration formula: Airdrop received = LXP held x Dencun pre-upgrade Gas Modifier. Wallets with <1500 LXP are similar to Sybils and may be deleted. Long-term activities across multiple chains (not just Linea) may be a key factor. 5. Linea will be different from other L2s as it is a ConsenSys project. ConsenSys has played a key role in the development of Ethereum ( Infura, MetaMask). 6. Priority tasks: a. Release Tokenomics b. Announce Airdrop standards c. Release checker. The first Airdrop directly related to ConsenSys, Linea, developed by the MetaMask Wallet developer ConsenSys Ethereum zk-rollup L2, is seen as the first opportunity for an Airdrop directly related to Web3 infrastructure giant ConsenSys. Since Linea's launch on Mainnet in 2023, it has attracted many communities lying in ambush. Despite Linea's recent announcement of the postponement of TGE, it remains one of the most anticipated Airdrops in 2025, with potential worth following. Related reports: Dyson Finance collaborates with Linea for Airdrop event 'Surge', offering dual rewards of LXP-L and DYSN Conversation with the product manager: What makes Linea backed by ConsenSys unique? Can Linea, backed by ConsenSys, stand out in the competitive L2 landscape? Depth | 'Linea' led by ConsenSys: Breaking through ZK Rollup limitations, fully EVM compatible <Linea postponed Airdrop: TGE will not happen in Q1 this year...Snapshot not taken yet, Tokenomics to be revealed soon> This article was first published on BlockTempo, the most influential blockchain news media in MotionBlock.