Consensys founder Joseph Lubin, who also leads the Linea blockchain project, has suggested that users who hold on to their Linea tokens could be rewarded in the future with additional distributions. Lubin explained that long-term holders may become eligible for tokens from Consensys or other ecosystem partners, positioning them as key contributors to the Linea economy.
His comments followed the Linea token generation event (TGE), where 85% of tokens were allocated to the ecosystem and 15% to the Consensys treasury. The remarks came in response to community concerns about the utility of the token, with some users asking for staking and lending features while others criticized Linea as a “memecoin” with no use case beyond future distributions.
At the same time, some suggested alternative strategies like token buybacks to encourage holders to remain invested.
Market reaction was sharp: Linea briefly traded as high as $0.046 before dropping 20% to $0.024 within 24 hours, according to CoinGecko. While the community remains divided on its utility, Lubin’s hint at future benefits could signal that more ecosystem developments are on the horizon.
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