Near ecological re-staking platform Linear Finance launches governance token LNR through Genesis airdrop
The Near ecosystem's re-staking platform, Linear Finance, announced the launch of its governance token, LNR, and distributed it to active community members through a Genesis airdrop. Users can log in to their NEAR wallet to claim LNR rewards before April 15, 2024. LNR will give holders governance power, including participation in staking and re-staking strategies, multi-chain deployment decisions, and more.
The total supply of LNR distributed through the Genesis airdrop is 1 billion, which includes:
- 10% will be distributed to LiNEAR stakers through airdrop;
- 9% will be used for team incentives for one year and then linearly attributed over the next three years;
- 11% of the tokens will be reserved for future airdrops;
- 8% will be used for protocol development;
- 12% will be used for marketing and operations;
- 27% will be used for community plans;
- 23% will be stored in the DAO treasury.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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