The Near ecosystem re-pledging platform, Linear Finance, has launched its governance token LNR through a Genesis airdrop

The eco-repledging platform Near Linear Finance has announced the launch of its governance token LNR, which will be distributed to active community members through a Genesis airdrop. Users can claim their LNR rewards by logging into their NEAR wallet before April 15, 2024. The LNR will grant holders governance rights, including participation in pledging and re-pledging strategies, multi-chain deployment decisions and more. The total supply of LNR from the Genesis airdrop is 1 billion tokens, among which: - 10% will be distributed to LiNEAR stakers via an airdrop; - 9% will be used for team incentives over one year period with linear vesting over the next three years; -11% of tokens are reserved for future airdrops; -8% is allocated for protocol development; -12% is set aside for marketing and operations; -27% goes towards community programs; -23% will be stored in the DAO treasury.