Linea: The burn mechanism is now officially live, with gas fees to be burned in a 1:4 ratio of ETH to LINEA.
Jinse Finance reported that Linea announced on the X platform that its token burn mechanism is now officially live. From now on, every transaction on the Linea chain will burn both ETH and LINEA, directly reducing the token supply to implement deflation. All gas fees on Linea are paid in ETH and collected through a fee contract. After deducting infrastructure costs, the remaining funds will be 100% burned, including 20% burned in the form of ETH and 80% converted to LINEA and burned on L1. In addition, the token burn data tracking feature has also been launched.
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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