Consensys founder Joseph Lubin addressed concerns from LINEA token holders after a recent 20% decline.
He suggested that keeping tokens long-term could lead to benefits down the road.
Lubin shared on X that individuals who maintain their LINEA balances for a specified period may qualify for future distributions. These could include tokens from Consensys itself or from other connected projects.
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He said, “If we notice, at some date in the future, that you’ve held n LINEA tokens for m days, that just might lead to another token landing in your account”.
Lubin also mentioned that MetaMask and Linea are collaborating on a project related to this idea, although no further details were shared.
His comments came after Linea’s token generation event (TGE), during which the project announced how LINEA tokens would be distributed.
According to the plan, 85% of the total supply is set aside for ecosystem development, while the remaining 15% will be held by the Consensys treasury.
The discussion began when a Linea community member posted on X. They wrote, “Users do not know what to do with the Linea they are holding”, and suggested developing platforms to make better use of the token.
Meanwhile, Hayden Davis, known for creating the LIBRA meme coin, was recently connected to wallets that earned about $12 million trading YZY, a token linked to Kanye West. How? Read the full story.
