Linea has activated its token burn mechanism, aiming to create a deflationary model by reducing the supply of ETH and LINEA tokens. The mechanism, now live, will burn tokens at a 1:4 ETH-LINEA ratio for every transaction on the Linea chain. Gas fees, paid in ETH, are collected and, after covering infrastructure costs, 20% of the remaining ETH is burned while 80% is converted to LINEA and burned on L1. Additionally, Linea has introduced a feature to track token burn data.
Linea Implements Token Burn Mechanism to Reduce Supply
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