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Linea announced the establishment of the Linea Association, planning to launch the Linea token in Q1 2025

ChainCatcher news, according to Cointelegraph, the Ethereum scaling solution Linea announced the establishment of the Linea Association at the Devcon conference in Bangkok, Thailand. This is a Swiss non-profit organization dedicated to promoting the development and governance of Linea. The association will support Linea technology, develop the Linea market, and advance its decentralization roadmap. The association plans to launch the Linea token in the first quarter of 2025, enabling governance for token holders. Token holders will have governance rights over certain activities of the association, which will manage the core intellectual property of Linea and the funds supporting its mission.Linea is a Layer-2 zero-knowledge Ethereum Virtual Machine (zkEVM) rollup solution developed by ConsenSys. ConsenSys founder Joseph Lubin stated that the establishment of the Linea Association is an important step for the network to achieve true decentralization, avoiding excessive control by any entity.Linea founder Nicolas Liochon emphasized that decentralization is at the core of Linea's vision. He stated that Linea must be publicly owned and governed by everyone, just like Ethereum Layer-1. Lubin added that Layer-2 projects that are overly controlled by companies or a few participants struggle to succeed or maintain proper consistency with the Ethereum platform.

SushiSwap launches linear vesting Memecoin launch platform

ChainCatcher news, SushiSwap announced the launch of the Memecoin launch platform Vesting Launch, which features a linear vesting function. Tokens will be gradually released to buyers who purchase within 24 hours after the token creation. This ensures that buyers have the exact same experience as early purchasers, preventing snipers and pump-and-dumpers from ruining promising tokens in the initial hours after creation. After 24 hours of the token going live, trading will be completely normal with no restrictions. When purchasing tokens, the tokens bought by users will be released linearly within the first 24 hours after the launch. If a user buys 100 tokens 12 hours after the launch, the balance will show 50 tokens, and the dashboard will display the full balance after vesting.SushiSwap stated: "The introduction of linear vesting is just the beginning of our goal to make memecoin trading more fun and sustainable. Countless promising tokens are sniped and dumped within minutes of their release, ruining their chances of gaining an audience. We are addressing this issue."Additionally, SushiSwap released a disclaimer: Trading on the launchpad carries certain risks, including the possibility of losing funds. Always conduct your own research and understand the market before trading. Sushi does not provide any financial or legal advice and does not endorse any specific tokens, so please trade cautiously.
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