What's the strategy post TGE/Airdrop

Token Design
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This document tries to shift the TGE/Airdrop discussion from numbers of token to alignment on the long-term strategy of Linea. We, Linea and the community, should first agree about what we want for Linea five and ten years from now, and then discuss how distribution of tokens can fulfill this vision.

GM frens :slightly_smiling_face:
I’ve read quite a few of the TGE and airdrop posts, and I don’t have anything to add to that particular discussion. But I’d like to talk about the long-term strategy of Linea aka. what is Linea and the economics behind it.

Bitcoin, Ethereum and Solana are all platforms using blockchain technology to provide services. Ethereum has the L2 level where most dAPPs will be provided, with healthy competition among the different L2s.

What differentiates Linea from most of the other L2 providers is that they’re only financed from ConsenSys (to my knowledge). I believe this allows Linea to think long-term compared to competitors backed by VCs who want a quick return on their investment.

So what is the long-term competition and how will L2s make money? It seems to me that L2s will make their revenues from transaction costs. Even though they are competing towards zero $ per transaction, they will make good profits once blockchain use is a daily routine like internet usage and buying groceries are today. Billions of people doing multiple transactions daily is a lot of money.

The TGE/Airdrop is the most important tool to both reward early users and attract users from competing L2s. It is also the highest risk for any project as we’ve seen how the sentiment can turn when the community feels betrayed (I would never launch a token for Base for this reason, the risk/reward is too unbalanced).

So do we have two opposing goals? With community members wishing for highest returns while Linea wants to capture paying customers in the long-run? I believe we (the community) and Linea are aligned if we can agree on the time perspective and long-term goals.

I would like to see a fairly low cap for top wallets and a relatively low ration from smallest to highest. I want long-term community members to feel their contribution is appreciated and I want to attract users from all of Ethereum to our L2.

I have seen claims that people asking for low caps equals sybils. Well I’m not a sybil and it’s a bit sad to read posts where community members “attack” each other for filling their own bags. Anyways, it’s impossible to avoid all sybils, but I’ve met Declan and seen him on stage a couple of times. I didn’t understand a word he was saying when it came to the technical stuff but I’m sure he and his team can leverage tons of data from MetaMask, Linea (NFTs, lxp and lxp l), Ethereum and community projects as memes and NFTs to reduce sybils to a minimum.

We all know that the one marketing tool stronger than an airdrop is numbers go up. Just read about the Solana airdrops like $Bonk. We’ll all be happy if we can achieve this together :slightly_smiling_face:

I had a few fellow community members read through before posting. Thank you Yurii, Le Chiffre and Alain

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You think that’s fair? what you are talking about is the basis of injustice.even 1 lxp is very important.and you are advocating that people who put a lot of effort and sybil communities are rewarded almost equally.this is a disgusting point of view.the difference between the ranks should be high so that people who put a lot of effort with a single wallet can be rewarded well.

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Another thread was started by someone with 100 wallets.
Why would someone with 6-7k lxp get the same or close to the same reward as someone with 5k lxp, where does this arrogance come from? Don’t you realise that your suggestions only reward sybils?

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There is a big contradiction in your sentence. If you want long-term community members to be rewarded, it doesn’t seem normal to want good wallets to get a low reward.

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Hey frend. No need to get aggressive :slight_smile: I should have set in a disclaimer that I have not defined “low”.

The purpose of this post is to change the discussion from “number of tokens distributed” to “what is the long-term” game. I think it’s important to define the vision first, then list up pros and cons for the different alternatives (aka. number of lxp tiers etc).

The challenge with a discussion like this is that community members who all wish a prosperous future for the Linea L2 gets blinded. Please focus on the greater good rather than winning a discussion. First step is to ask questions if something doesn’t make sense instead of attacking.

Thank you for pointing out that “the ranks should be high so that people who put a lot of effort with a single wallet can be rewarded well”. Now what are the pros and cons?

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Hi user1583. As with Loza, you’re putting words to my text that aren’t mine. I have not defined “low” cap. It’s just my opinion after reading articles on how different airdrops have turned out. Lately I’ve read about the $bonk airdrop that to my understanding airdroped $300 worth to a ton of wallets. This in turn spurred a lot of activity on Solana, which is how a blockchain makes money.

Please let me know what your long-term goal for Linea is. Because I think that’s an important question to clarify. Once we understand how the L2 is planning to make money is when we can design the best airdrop to meet that vision including our insentives to stay long-term users.

Thank you for your post btw. I was afraid it wouldn’t get any attention :slight_smile:

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Hi user 1557,

Thank you for pointing it out.
I will try to make a table that illustrate my point but it’ll take some time.

But what I think is that community members witll gain from a high inclusion of Linea and MetaMask users in the long-run because it’ll inspire to activity on the chain. That’s how Linea makes money and we will be rewarded because the new token appreciates in value.