Linea TGE Time Lock? Decoding the "42" Mystery and Reviewing the Ecosystem Plan
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Linea TGE Time Lock? Decoding the "42" Mystery and Reviewing the Ecosystem Plan
Consensys founder and Linea lead respond to concerns about Linea's focus.
Navigating Web3 tides with focused insightsCompilation: KarenZ, Foresight News
On the early morning of August 6, Consensys founder and SharpLink board chairman Joseph Lubin, along with Linea project lead Declan Fox, responded to external interest in Linea during an episode of "The SomETHing Podcast."
The core content has been distilled and organized as follows:
Linea Positioning: Linea aims to enhance Ethereum's scalability using zero-knowledge proof technology, while optimizing Ethereum's economic model through a dual-burn mechanism and native yield features, helping Ethereum achieve mainstream adoption. In the next phase, Linea plans explosive growth in developer count, user base, and TVL (Total Value Locked). Building suitable architecture to empower enterprises and various economic projects to operate smoothly on Linea is one of its optimal development paths.
LINEA Token Utility and Governance: LINEA may play a role in sequencing and consensus mechanisms. Future staking of LINEA tokens is possible, alongside other utilities dependent on governance structure. Governance of the Linea ecosystem will gradually decentralize, enabling opportunities for token-based voting.
Linea Consortium: The Linea Consortium is a committee composed of multiple native Ethereum organizations. Founding members include Consensys, Eigen Labs, ENS, Status, and Sharplink Gaming. These five founding members jointly carry out oversight duties. Membership may expand further in the future to ensure transparency and neutrality of the consortium.
Ecosystem Fund (75% of token supply): Managed by the Linea Consortium, the Ethereum Ecosystem Fund focuses on ecosystem development, public goods funding, and Ethereum R&D—such as DeFi projects spanning Ethereum and Linea, identity and social graphs (monetization), Launchpad, payments, and pure research initiatives.
Collaboration with Treasury Companies: Linea is providing services to treasury companies like SharpLink, which in turn can supply significant liquidity to Linea, creating mutual benefits.
Airdrop: Of the 10% allocated for early contributors, 9% goes to LXP holders and 1% to strategic partners and builders, including projects such as ZeroLend, Etherex, Foxy, and Efrogs. Linea users are likely eligible for future airdrops from other Consensys-affiliated projects.
When Will TGE or Airdrop Check Occur? Joseph Lubin responded with "42," sparking widespread speculation:
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"42" is a reference from the science fiction novel "The Hitchhiker's Guide to the Galaxy," where it is described as "the answer to life, the universe, and everything," though its meaning remains ambiguous—a humorous simplification of complex questions. Joseph Lubin's reply may be using "42" to avoid directly disclosing the TGE timeline.
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Some community members speculate that "42" refers to 42 days, pointing to September 17, which is also U.S. Constitution Day.
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Others guess that "42" means Week 42 of 2025, falling between October 13 and 19.
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Could it be 42 hours, or August 24?
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Some users jokingly suggest it might be the year 2042.
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More coincidentally, an Ethereum address is a 42-character hexadecimal string.
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