Linea’s token has entered pre-market buying and selling for the duration of essential exchanges, with early pricing surroundings its utterly diluted valuation at spherical $3.6 billion before its reputable TGE.
- Pre-market contracts are living on Binance (5x), Bybit Alpha (10x), Hyperliquid (3x), and more.
- Trading at spherical $0.05, implying $3.6B FDV.
- Linea, a zkEVM rollup by ConsenSys built for scalable natty contracts, uses ETH as the uncommon fuel token, while LINEA serves as an incentive and ecosystem funding mechanism.
The Linea (LINEA) token has formally entered pre-market buying and selling, giving traders early accumulate admission to to the unlaunched asset before its TGE. Pre-market contracts are now are living on Binance with up to 5x leverage, Bybit Alpha offering up to 10x, Hyperliquid with 3x, and others, providing a couple of avenues for early speculation on LINEA before its reputable release.
Binance market records shows LINEA buying and selling at $0.052 in pre-market, marking a 34.64% tumble from its $0.08 opening tag. Per this, LINEA’s pre-market valuation sits at roughly $3.6 billion FDV on the $0.05 level — positioning it below Arbitrum’s ~$5B however a puny bit above Optimism’s ~$3B, giving traders a mosey benchmark for where the market is before all the things attach pricing the token among essential L2s.
The particular date for the Linea TGE has no longer been announced, however the personnel has beforehand acknowledged that airdrop criteria and match facts will be shared a minimum of per week prematurely.
About Linea
Linea, developed by ConsenSys, is a nil-records EVM rollup designed to present scalable and efficient natty contract functionality. Unlike traditional layer-2 networks, Linea has structured its tokenomics so that Etherem (ETH) serves as the uncommon fuel token, while LINEA itself capabilities as an incentive and funding mechanism in feature of for fuel or governance. Of the total 72 billion LINEA tokens, 85% are earmarked for ecosystem enhance, with the final 15% reserved for the ConsenSys treasury below a 5-365 days lockup. Early circulating present used to be largely be disbursed through airdrops and liquidity programs, and not using a tokens sold to patrons or staff.
The mission has been deliberately cautious in timing the token birth. Per Linea product head Declan Fox, the personnel waited for market conditions to enhance following a prolonged maintain market before continuing with the TGE, emphasizing lengthy-duration of time ecosystem enhance over instant speculative good points.
