Linea Association to launch LINEA token by Q1 2025, enabling token holders to participate in governance decisions and decentralizing the ecosystem - IcoHolder.

Consensys has announced the creation of the Linea Association, a Swiss-based non-profit organization, aimed at accelerating the development and adoption of Linea, a zero-knowledge Ethereum Virtual Machine (zkEVM) Layer-2 rollup solution. This initiative is part of Consensys’s broader vision to decentralize the Linea network and empower token holders to have a say in its governance decisions.

Linea’s Decentralized Future: A New Governance Model

Set to launch the LINEA token by the first quarter of 2025, the Linea Association will allow token holders to participate directly in governance decisions. The token will play a pivotal role in decentralizing control over the ecosystem, with plans for distribution through a Token Generation Event (TGE). Although the distribution details are yet to be finalized, Linea has already attracted over 1.3 million verified addresses, signaling strong interest in the project.

This development marks a significant step toward achieving decentralized governance within the Linea ecosystem. The association, responsible for overseeing the technical and social alignment of the platform, will manage Linea’s intellectual property and treasury, supporting the ecosystem’s expansion.

A Vision for the Future of Web3

Joseph Lubin, CEO of Consensys, shared his excitement about the move, calling Linea a foundational element in the company’s plan to build a decentralized global economy. "By decentralizing governance, infrastructure, and community empowerment, we aim to foster a more resilient and transparent web3," he stated.

The governance structure of the Linea Association will be multi-layered, with a Board of Directors, a General Assembly, and a Token Governance body, ensuring that decisions reflect a balance between technical innovation and community input. The association is entirely independent of Consensys, ensuring that Linea’s future direction will be guided by its community rather than a single corporate entity.

Rapid Growth and Expanding Ecosystem

Since its launch in 2023, the Linea ecosystem has seen impressive growth. In just over a year, its partner network expanded from 150 to over 420 as of November 2024, demonstrating the increasing adoption of Linea’s zkEVM rollup technology. With its upcoming governance token and increasing development efforts, the Linea ecosystem is poised to play a key role in the future of blockchain scalability and decentralization.

With the launch of the LINEA token set for Q1 2025, the Linea Association is positioning itself as a major player in the evolving Web3 space, offering a decentralized governance model that aligns with the needs of the growing crypto and blockchain community.