Linea Airdrop (2024): Launch, Eligibility, Steps to Claim?
Key takeaways
- Linea is a zk-based rollup scaling solution developed by ConsenSys (the firm behind MetaMask).
- The firm has impressively secured $450 million across various funding rounds and attained a valuation in billions of dollars.
- As of now, there are no official indications of an airdrop, but it is likely to happen.
What is Linea?
Linea is a zk-based rollup scaling solution for Ethereum, initiated by ConsenSys (the firm behind MetaMask). It employs zk-rollup technology, which is compatible with the Ethereum Virtual Machine (EVM), allowing developers to create and deploy smart contracts and tools. This ensures the security of Ethereum while also providing low transaction fees and high throughput.
With this remarkable technology in place, ConsenSys aims to increase Linea’s scalability by integrating cross-compatibility with MetaMask and Truffle.
Possibility of Linea Airdrop Launch
Similar to the majority of airdrops, the specifics of the Linea Airdrop remain confidential, leaving its possibility uncertain.
Nevertheless, Consensys has impressively secured $450 million across various funding rounds and attained a valuation of billions of dollars. These substantial funding rounds suggest a strong potential for Linea to introduce its native token soon.
As of now, the Linea airdrop remains unconfirmed due to the lack of any official announcement from the team.
Purely speculative: If we were to assess the likelihood of the Linea airdrop launch, our estimation would be around 70%.
MetaMask, another popular project by ConsenSys, also sparks speculation about a potential token airdrop. Those interested can explore our detailed MetaMask airdrop guide.
Steps to qualify for the potential Linea Airdrop tokens
Qualification, or, say, eligibility for an airdrop has consistently been a subjective topic, given that firms typically don’t announce airdrop programs in advance, making them a surprise to the community.
Determining the qualifying steps often involves making assumptions based on past airdrops. In the case of the Linea Airdrop, we’ve compiled steps outlining the key platforms operating on the Linea chain, all of which are listed on DefiLlama.
It’s crucial to complete all specified steps to position oneself adequately for a potential Linea Airdrop.
Here’s a quick rundown of the necessary steps:
- Use the Linea Bridge
- Use Pancake Swap to carry out swaps
- Provide liquidity on Linea by using SyncSwap
- Lend and borrow via Mendi Finance
- Take part in activities offered by Layerbank
- Mint an NFT on Zonic
- Complete tasks on the Linea DeFi Voyage
Keep on reading for a detailed explanation of these steps.
1) Use the Linea Bridge
The Linea Bridge is the official bridge of the Linea project. To utilize it, you must transfer ETH from the Ethereum mainnet to Linea’s mainnet and vice versa.
Following are the steps for your guidance:
- Head over to https://bridge.linea.build/.
- Connect your MetaMask wallet to the site.
- Enter the amount of ETH you want to bridge.
- Click ‘Start Bridging’ to send ETH from your preferred mainnets.
2) Use Pancake Swap to carry out swaps
Pancake Swap stands out as a well-known decentralized exchange within the Web 3 landscape. Its integration into Linea’s mainnet highlights the importance of engaging with this platform.
Here are the steps to carry out your swap:
- Head over to https://pancakeswap.finance/.
- Connect your MetaMask wallet to the site.
- Select the Networks Options as “Linea Mainnet”.
- Go to the Trade Section and swap some $ETH for $USDC.
3) Provide liquidity on Linea by using SyncSwap
SyncSwap, a well-known decentralized exchange (DEX), operates on zero-knowledge technology. This platform ensures smooth trading with scaling capabilities up to 100x, maintaining Ethereum-level security while reducing gas costs.
The following are the steps to provide liquidity on SyncSwap:
- Head over to https://syncswap.xyz/pools.
- Connect your wallet and select the chain on Linea.
- Go to the ‘Pool’ section and provide liquidity.
- It is recommended to add the ‘USDC/USDT’ pool.
4) Lend and borrow via Mendi Finance
Mendi Finance is Linea’s primary lending protocol, offering both lending and borrowing services. Users can deposit assets, utilize them as collateral, and borrow against their holdings.
Note: You will need an OKX wallet or WalletConnet to perform this step.
Simply go to https://mendi.finance/ and supply or borrow any assets you desire to create an activity on the platform.
5) Take part in activities offered by LayerBank
LayerBank serves as the universal liquidity hub and on-chain money market, supporting various EVM-compatible rollups and Layer 2 solutions.
To engage, visit https://linea.layerbank.finance/bank, connect your wallet, choose Linea V1, and deposit any quantity of ETH into the ‘Supply Market’.
6) Mint an NFT on Zonic
Zonic operates as a layer-2 NFT marketplace, enabling users to trade Linea NFTs alongside other NFT collections, facilitating buying and selling within the Linea ecosystem.
Following are the steps to mint NFT on Zonic:
- Head over to https://zonic.app/.
- Connect your wallet to the site.
- Go to the ‘Explore’ section and tap on the Linea icon.
- You can buy any NFT, as there are many collections under $1.
7) Complete tasks on the Linea DeFi Voyage
Linea Defi Voyage is a project where users are given badges for completing certain tasks. You can head over to Intract Quests, and complete any given active task on the platform.
Notably, the given tasks are not so complicated; you just have to do simple tasks.
Read More
Why are airdrop farmers not receiving the airdrop as per their expectations?
Usually, airdrop farmers engage with the platform at very low volumes, often limiting themselves to a few swaps and bridge activities while expecting an airdrop.
However, it is critical to understand that crypto airdrops are based on volume movement. As a result, engaging at a higher volume places individuals in more substantial positions.
Even after you’ve completed all of the required steps, consider repeating them several times to boost the overall volume.
Furthermore, airdrop farmers often lack a systematic approach to tracking their investments during the farming process. By creating a spreadsheet before initiating airdrop farming, they can effectively monitor all their records, including transaction fees and volumes.
This organized approach not only keeps a comprehensive record of engagement but also helps in estimating budgets for future airdrop quests.
Bottom Line
Airdrops have always been a fantastic way to earn free crypto while gaining exposure to new projects and communities. To enhance your chances of receiving a potential Linea airdrop, it’s advisable to follow the aforementioned steps weekly.
However, it’s crucial to note that there are no official indications of an airdrop, and the distribution process remains entirely within the firm’s control. Who gets what remains unknown, yet positioning oneself well increases the chances.
The crypto realm is abuzz with discussions on zk-rollup and similar technologies, drawing significant attention. Being an early participant in this emerging tech presents a unique and promising opportunity.
For further insights into the firm, you may visit Linea.build, their official website, where you can access exclusive information.
FAQs about the Linea Airdrop
1) How much is the Linea Airdrop worth?
The value of the Linea airdrop may alter depending on your engagement in its ecosystem. When compared to large airdrops like Arbitrum and Uniswap, fortunate individuals might receive up to $15,000.
Please note that these figures are purely speculative within the community.
2) Is Linea launching its own token?
Linea’s documentation makes no mention of a native token at this time, indicating that the company is still in its early phases. However, they have expressed that they want to reward users who actively participate in the ecosystem.
3) When is the Linea airdrop expected to occur?
There is no official confirmation for an airdrop date, but mentioning that the firm is still in its early stages, the airdrop might occur in the year 2024.
4) Does it require an initial investment?
Yes, participating in Linea’s ecosystem may incur costs. For instance, while performing a task, users may have to perform multiple swaps totaling $20–40 just for a specific task. Realistically, considering these expenses, it’s best to have a minimum of $500 to farm this airdrop.
Disclaimer: This content piece is entirely based on the author’s opinion. It does not provide financial advice and individuals should conduct their own research before making any financial decision.
