Hello Linea Community,
Merry Christmas and warm greetings to everyone!
First, I would like to extend my heartfelt appreciation to the Linea Development Team for their relentless efforts in building a remarkable blockchain and supporting the community since the testnet phase.
The central topic for both the community and the Linea team is proper allocation of tokens to ensure the success and growth of the Linea blockchain, surpassing competitors.
Below is my proposal for a fair and effective token reward system. Feedback—both agreement and constructive disagreement—is warmly welcomed!
- Token Allocation to the Community at TGE (Token Generation Event)
Proposal:
Allocate Minimum 30% of the total token supply to the community at TGE
- LXP: 18%
- LXP-L: 12%
Supporting Example:
HyperLiquid allocated 31% of its total token supply to the community at TGE. This strategy successfully fostered a strong and engaged community, resulting in increased token value and attracting a significant number of new users to the platform. This approach contrasts with projects that allocate “dust” rewards to the community, which often leads to mass token dumping at TGE and ultimately results in project failure. Proper token allocation is critical for ensuring long-term success, and without it, discussions on subsequent topics lose relevance.
- Criteria for Rewards from LXP
Proposal:
A. Multipliers
i. Collected LXP before Dencun (when transaction fees ranged between $10–$20 per transaction).
ii. Accumulated over 5,000 LXP in the pre-Dencun phase.
B. LXP Cutoff
Minimum eligibility: 1,500 LXP after pre-Dencun LXP multiplier calculation.
C. Tier-Based Reward System
i. To ensure fairness, introduce tiered rewards based on LXP ranges with increments of 500 LXP (instead of 1,000, as previously suggested by some community members).
ii. Rationale: Tasks other than Voyage campaign awarded between 100–150 LXP, and even total LXP which can be earned from the SZN Voyage was less than 1,000 LXP. Smaller ranges better reflect effort distribution.
Proposed Tier System
10,000
9,500 - 10,000
9,000 - 9,500
8,500 - 9,000
8,000 - 8,500
7,500 - 8,000
7,000 - 7,500
6,500 - 7,000
6,000 - 6,500
5,500 - 6,000
5,000 - 5,500
4,500 - 5,000
4,000 - 4,500
3,500 - 4,000
3,000 - 3,500
2,500 - 3,000
2,000 - 2,500
1,500 - 2,000
- Sybil Filter Suggestion
First of all, I don’t believe there are many industrial sybils which collected LXP, given the number of wallets which passed POH (KYC + two other metrics). **zkSync > 7M wallets
However, if the Linea team identifies abnormal activity related to LXP and decides to implement deeper Sybil filtration measures, I propose the following approach
Proposal:
i. If industrial sybil joined, it is certain that they joined after EIP-4844 as fee was too high to do sybil tasks before EIP-4844. Therefore, it would be proper to flag wallets that began collecting LXP after EIP-4844 as first flag
ii. Flag wallets that completed numerous tasks but avoided gaming tasks, as bots cannot complete those. This can be a good additional filter. There are several community members who are worried about high quality industrial sybils using randomization scripts so that they could cheat on the system as their on-chain data looks much healthier than on-chain data made by human.
- Criteria for Rewards from LXP-L
Proposal: Adopt a logarithmic reward model with a maximum reward cap per wallet to avoid top 0.1% users take all rewards.
Multiplier Considerations:
i. Wallets holding liquidity post-Surge indicate loyalty to the Linea chain.
ii. Such users should receive bonus points to recognize their continued support beyond LXP-L activities.
- Additional Consideration
Bonus Allocation based on following parameter to distinguish loyal users who utilize the Linea blockchain organically, beyond merely collecting LXP.
i. # of Month
ii. Trading Volume
iii. # of Smart Contract
