🧐L2 tokens need a utility! Another voting token won't work! Who is next in line? Looks like it's @LineaBuild and here's what they should look at. @ethereumJoseph, @rojotek should draw the right conclusions from the @Scroll_ZKP airdrop that left no chance for $SCR token growth in the short term after listing. The team should implement a maximum bar on airdrop if they plan to distribute it and not let whales take 2/3 of the distribution theblock.co/post/322255/wh…. This is how decentralization is broken and puts serious pressure on the token price, which is what we saw with the $SCR token distribution and its market price after listing. 9 days before the listing, anticipating all the problems that happened I gave advice on decentralization, but it was not heard. Other than that, @Consensys can break the trend of the declining FDV of every new L2 on the market. At a minimum you don't need to come out with a token in 2024 to do so. Calmly allocate points after November 25. And wait for a good bull market. Otherwise Linea will be just another L2 meme that all Twitter will be buzzing about, but no one will buy it! Instead of rushing to release the token, the team would be better off focusing on the utility of the token. One voting function is not enough! All of L2 needs $ETH and can easily do without the native network token, it simply has no utility. That's a problem! But Linea has a trump card in the form of Metamask Card integration, which no other L2 solution on the market has. MetaMask Card will work on Linea's network. This means that card users will need to use this network and store their funds in this blockchain. But the problem is that $ETH will be used to pay commissions. The native token of the network again gets nothing from this trump card! But this can be fixed! Linea could introduce incentives for paying for gas in the native token and award some points for that. These points can then be allocated to further airdrops or rewards, converting the points into a token. It's like paying a commission on a stock exchange with a discounted token. Try to motivate your audience to use the native token instead of $ETH for commissions. It will be good for the holders, and for the users, who will be motivated to buy the token to get benefits, and not to forget about the project immediately after #airdrop. That is, make like @Starknet and @zksync an abstraction so that gas can be paid for with both native tokens and $ETH. But incentivize to use your token specifically for this task! Then all the huge Metamask audience who will buy cards will regularly buy the native token of the network to pay for gas when their USDT, USDC and wETH are automatically converted to dollars in the #Linea network. It is possible to go further and improve the idea by thinking through the combustion mechanisms. Which would make the token deflationary in the long run. For example, for the accumulated points that will be accumulated by users for using the native token as gas, the project could not distribute the drop to users, but simply burn its equivalent. And do so with some periodicity, on which to provide for a share of tokenomics in the treasury. Someone has to break the inefficiency of L2 tokens. Whoever is first will lead this segment. Linea is well positioned to do just that! Let's face it, which L2s continue to be used? The ones that didn't offend users during allocation, i.e. Arbitrum and @Optimism with some of its Superchains (@base) defillama.com/chains/Rollup. All L2's are now cheap today after the Dencun update to @ethereum. User can easily forget forever the Chain that offended him as it has many alternatives. Will use the same cheap @arbitrum and that's it. Fall in love with the user, attract and encourage their attention! If you are making another L2 to offload teams and funds about retail, it's better to just stay out of the market! @simonhmorris @matthieubouchau @VitalikButerin @ConsensysAudits @MetaMask @MetaMaskDev Colleagues on the shop floor, help spread the information: @CC2Ventures @cryppinfluence @0xNonceSense @info_insightful @cryptotrader85 @heycape_ @Shivfreespirit @monkeybiz0z @NoahWeb3_ @calebsol @cryptojack @chainyoda @WuBlockchain @gluk64 @frogmonkee @Ozhar @Yogi13031997 @stonecoldpat0 @TrustlessState @Caneleo55 @heycape_ @0x_Lens @Andrey_10gwei
