Linea's Token is taking part in pre-market trading across major exchanges, with early pricing set at a fully diluted valuation of around $3.6 billion over the official TGE.
summary
- The pre-market contracts will be live shows at Binance (5X), Bybit Alpha (10x), Hyperliquid (3x), and more.
- It trades for around $0.05 and means $3.6 billion in FDV.
- Linea, a ZKEVM rollup by Consency built for scalable smart contracts, uses ETH as an exclusive gas token, and Linea serves as an incentive and ecosystem funding mechanism.
Linea (Linea) Token officially participates in pre-market trading and offers traders early access to unresolved assets prior to TGE. Pre-market contracts currently live using bits with up to 5x leverage, up to 10x bibit alpha, and 3x high lipids.
Binance Market data shows Linea trading at $0.052 before the market, a 34.64% drop from the opening price of $0.08. Based on this, Linea's pre-market valuation is at a FDV of around $3.6 billion at a level of $0.05. This is below Arbitrum's ~$5 billion but slightly above optimism's ~$3 billion, so you get a clear benchmark where the market is first priced major L2 tokens.
The exact date for Linea Tge has not been announced, but the team has previously said that Airdrop standards and details of the event will be shared at least a week in advance.
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About Linea
Developed by Consensys, Linea is a zero-aware EVM rollup designed to provide scalable and efficient smart contract capabilities. Unlike a typical Layer-2 network, Linea constitutes its toconemics, with Etherem (ETH) acting as an exclusive gas token, and Linea itself acting as an incentive and funding mechanism rather than gas or governance. Of the total 72 billion linea tokens, 85% are allocated to ecosystem growth, with the remaining 15% being reserved for Consensy Treasury under a five-year lockup. Early circulation supplies were distributed primarily through airdrops and liquidity programs and were not sold to investors or employees.
This project is carefully and carefully at the timing of launching tokens. According to Linea's product head Declan Fox, the team waited for the market conditions to improve following the long-term bear market before moving on to TGE, highlighting long-term ecosystem growth over immediate speculative profits.
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