Near ecological re-mortgage platform linear protocol launches governance token LNR through Genesis airdrop

ChainCatcher news, the Near ecosystem restaking platform linear protocol announced the launch of the governance token LNR, which will be distributed to active community members through a Genesis airdrop. Users can log into their NEAR wallet to claim LNR rewards before April 15, 2024. LNR will grant holders governance powers, including participation in staking and restaking strategies, multi-chain deployment decisions, and more.

The total supply of LNR for the Genesis airdrop is 1 billion tokens, of which:

• - 10% will be distributed through airdrops to LiNEAR stakers;
• - 9% will be used for team incentives for one year, followed by linear vesting over the next three years;
• - 11% of the tokens are reserved for future airdrops;
• - 8% for protocol development;
• - 12% for marketing and operations;
• - 27% for community programs;
• - 23% will be stored in the DAO treasury.