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.