Hello Linea Fam;
I asked the AI to prepare a Linea token distribution proposal. For this, I thoroughly worked through all the processes of Linea from its early days. This includes the Testnet process and the NFT distribution strategy at the end, LXP processes and tasks, the LXP-L The Surge program, the conversion of Testnet NFTs to LXP, and more. I also covered all the rules, mathematical formulas, and official statements from Linea about these processes in the official Linea blogs. Additionally, to help it learn from past examples, I requested the AI to gather the airdrop strategies of projects like Arbitrum, Optimism, Starknet, and Zksync. I pointed out that, as many of us agree, Arbitrum and Optimism airdrops were relatively more successful in the community’s eyes, while Starknet and Zksync airdrops had some negative aspects. Considering all of these, I asked the AI to create the most fair and successful airdrop strategy for the community.
First Notes:
- The AI believes that the Airdrop program should be directly linked to LXP and LXP-L. It states that Linea started the LXP and later the LXP-L program with a unique approach from the very beginning, and the necessary actions to earn these tokens already meet the general Airdrop criteria. Therefore, it suggests maintaining consistency with this approach throughout the distribution process and staying true to the amounts of LXP and LXP-L. It also warns that adding extra criteria at this stage could lead to community backlash and cause Linea to stray from its original path.
- For a fairer token distribution, the AI suggests that the LXP and LXP-L programs should be evaluated separately. It also mentions that allocating more to the LXP program than to LXP-L appears to be a logical distribution.
- The AI sees a Tier system as the most sensible way to ensure that those who have worked hard and believed in the LXP system for a long time receive a fair reward. On the other hand, it suggests that a linear distribution would be more appropriate for the LXP-L system. Since the LXP-L system is more suitable for whales with large amounts, a linear distribution would be the fairest and most logical approach to prevent these individuals from becoming disgruntled with the network.
Launch:
The Linea module has set the total supply at 1,000,000,000. Of this supply, 15% is allocated for the Airdrop to the community.
15% Supply: (Apx)
- 8% for LXP. Holders
- 5% for LXP-L. Holders
- 2% for Special Community. (NFT communities, OG MetaMask users, DAO voters, builders and developers making technical contributions etc…)
Initial Circulating Supply: 125,000,000 $LINEA (%12.5 of Total Supply)
LXP Distribution; 80,000,000 $LINEA, %100 Unlock
LXP Amount / $Linea Amount / Total Wallet / Total $Linea/
10000+ LXP| 5000 / 77 / 385,000
9999-8500 LXP/ 3000 / 667 / 2,001,000
8499-7000 LXP/ 1250 / 5847 / 7,308,750
7000-5000 LXP / 700 / 47144 / 32,980,800
5000-3000 LXP/ 125 / 198243 / 24,780,375
3000-1000 LXP / 15 / 794908 / 11,923,620
Total 1,000,884 / 79,379,545 (apx %8)
*The module set the lower limit at 1000 LXP, and 1,000,884 became eligible. For the 77 individuals holding 10,000+ LXP, a single and highest tier was deemed appropriate. The distribution considered the median and concentrations. In the second tier system, the most suitable distribution was for the 667 wallets holding between 8500 and 9999 LXP. The first 744 wallets were identified as the most OG LXP holders in the network, while the 5847 wallets holding between 8499 and 7000 LXP were classified as special participants and received a larger share. While assigning amounts for other tiers based on concentrations, multiple airdrop farmers were also taken into account. Accumulating high LXP with a single wallet is more important for continuity and belief than accumulating small amounts of LXP with multiple wallets. Therefore, this situation should affect the amounts for fairness. For instance, users at the lowest level must have 7+ wallets to reach the next tier’s amount. Similarly, 5+ wallets are required to move to a higher tier. The other amounts were calculated by considering distribution difficulties.
LXP-L Distribution; 5,000,000 LINEA %50 Unlock, %5 Vesting for 10 Months.
It was deemed fair and appropriate to unlock half of the LXP-L rewards. There are two reasons for this. First, individuals providing a large amount of liquidity could reach a token majority and create manipulation. To prevent this, it is more appropriate to lock half of the rewards. The second reason is to ensure the continuity of liquidity and provide additional advantages. In order to obtain the remaining vesting, users must continue to provide liquidity. Users who do not provide liquidity will have their rewards redistributed to those who do. This way, users continue to receive their allocation with additional advantages.
Completely linear allocation. The total LXP-L amount is proportional to 50,000,000 $LINEA, and everyone will receive an allocation based on their LXP-L amount.
If there is a place you would like to discuss, the module is still in use. We can ask questions about the reasons and rules. I’m curious to hear your thoughts.