PANews reported on November 5th that Ethereum Layer 2 network Linea announced the official launch of its burning mechanism. Since September 11th (TGE), all transaction fees have been used for double burning: 20% are burned in ETH, and 80% are converted to LINEA and burned on the Ethereum mainnet, forming a synchronized deflationary model for ETH and LINEA. Linea stated that this mechanism strengthens the long-term value of both tokens, aligning with the incentive alignment and value return design that Layer 2 networks should possess.PANews reported on November 5th that Ethereum Layer 2 network Linea announced the official launch of its burning mechanism. Since September 11th (TGE), all transaction fees have been used for double burning: 20% are burned in ETH, and 80% are converted to LINEA and burned on the Ethereum mainnet, forming a synchronized deflationary model for ETH and LINEA. Linea stated that this mechanism strengthens the long-term value of both tokens, aligning with the incentive alignment and value return design that Layer 2 networks should possess.
Linea launches dual-token burning mechanism: ETH and LINEA tokens are burned simultaneously.
PANews reported on November 5th that Ethereum Layer 2 network Linea announced the official launch of its burning mechanism. Since September 11th (TGE), all transaction fees have been used for double burning: 20% are burned in ETH, and 80% are converted to LINEA and burned on the Ethereum mainnet, forming a synchronized deflationary model for ETH and LINEA. Linea stated that this mechanism strengthens the long-term value of both tokens, aligning with the incentive alignment and value return design that Layer 2 networks should possess.
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