15% belongs to Consensys and is locked for 5 years. The rest is community funded for different airdops and initiatives. Also 100% of revenue going to buyback and burn. 80% of that will be in linea and 20% in eth. This represents an L2 which actually supports eth instead of vamping it. 80% of airdrop wallets already claimed so shouldnt be too much more sell pressure left. TVL has also been mooning and chart looks like its ranging.How is this not a good buy/long? Am I missing something? Could definitley see it pulling a worldcoin type of move. Defs not long term but medium term I like it. Hyperliquid of L2 vibes.
>>60984400I think the problem is that this l2 is barely used
>>60984916I think the problem is that this l2 milked me bare
>>60984400yeah its a good buy probably. The MM token hasn't launched yet and consensys is gonna run a ton of campaigns on Linea so ppl can farm it. Pick up some Etherex too if you want cashflow, its the biggest dex on linea.
>>60984916Barely used right now, decentralised perps have been around for ages but none captured the attention and mindshare like HL largely from their tokenomics. Linea is kind of like that with L2s. All other ones are pretty much DAO governance tokens. >>60984995I saw that. Just the chart looks a lil scary…Might pick up some linea memes too
>>60985167people are getting paid a lot to hold REX 33 though or xrex. It's basically aerodrome, but unlike aerodrome it is currently making more than it emits. That is usually the bottom for VE 3,3 esque dexs.I think the only reason for recent dumping is profit taking by people who got in before the token swap (it used to be called Nile, but Nile was bought by Consensys who told them to rebrand to something more ETH related, hence the token swap) So a lot of people are up from summer lows and likely wanted to cash out a bit. Don't think there will be as much dumping at these levels. Even if there is, I'll keep bidding, fees will likely stay high and there is potential SBET buys+MM campaign+linea campaigns.
>>60985446I remember Nile. Good info thanks for sharing I might grab a bag. Still amazed how zk, strk etc. are all pretty much the same circ but linea has almost 20-50x more tvl. I also bought linus. One of the og memes I remember when farming airdrop and its still active.
