TechFlow News, Linear Finance, a restaking platform in the Near ecosystem, has announced the launch of its governance token $LNR and will distribute it to active community members through a Genesis airdrop. Users can claim their $LNR rewards by logging into their NEAR wallets before April 15, 2024. LNR holders will have governance rights, including participation in decisions on staking and restaking strategies, multi-chain deployments, and more.
The total supply of $LNR for the Genesis airdrop is 1 billion tokens, allocated as follows:
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10% will be distributed via airdrop to LiNEAR stakers;
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9% will be allocated for team incentives, with a one-year cliff followed by linear vesting over the subsequent three years;
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11% of tokens are reserved for future airdrops;
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8% for protocol development;
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12% for marketing and operations;
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27% for community initiatives;
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23% will be held in the DAO treasury.
