Introduction to FOXY
The FOXY token is Linea blockchain’s mascot, a "cultural coin" dedicated to fostering the ecosystem’s culture. As a new type of token blending meme coin features with core community functions, FOXY aims to catalyze cultural development within the Linea ecosystem. Every blockchain platform needs a representative image, and FOXY has adopted the clever and cunning fox as such a symbol. Moreover, FOXY will be issued exclusively on the Linea blockchain, a second-layer network dedicated to Ethereum, supported by Consensys.
FOXY Tokenomics
Token abbreviation: FOXY
Blockchain: Linea
Contract address: 0x5FBDF89403270a1846F5ae7D113A989F850d1566
Maximum supply: 1,000,000,000
In its token distribution strategy, 25% will be airdropped to MetaMask and Linea users through the community, mainly rewarding those who are active in transactions, such as the initial airdrop targeting the top 100,000 MetaMask users by transaction count.
Seed round financing accounts for 15%, reserved for early project investors.
The project team and support staff are allocated 13% of the tokens, ensuring long-term project maintenance and development.
Market operations, CEX liquidity, and future CEX listing support each account for 10%, with these funds used to maintain market trading stability and expand market influence.
Advisors and reserve funds each account for 6%, used to provide strategic guidance and address potential future risks or opportunities.
Ecosystem partners rewards, OTC reserves, and liquidity provision for DEXs each account for 5%, aiming to incentivize other projects and funds cooperating with the Linea ecosystem to jointly promote its development.
What is Linea
Mission and Vision of Linea
Linea’s core mission is to make the decentralized internet secure and accessible. As the next phase in the evolution of ConsenSys zkEVM, Linea provides developers with a powerful platform for building, growing, and successfully running decentralized applications (dApps). This signifies a leap toward broader accessibility and efficiency in the Ethereum ecosystem.
Linea’s Technology and Open Testnet
This morning, Linea opened its testnet to all developers, users, and protocols, inviting the Web3 community to assist Ethereum in scaling. Additionally, ConsenSys zkEVM has been officially renamed Linea, an innovative second-layer (L2) network that will support developers in easily integrating new decentralized applications in MetaMask.
Linea and Ethereum 2.0
Linea is committed to connecting Ethereum’s past, present, and future, providing a coherent solution to the promises of Ethereum 2.0. On this platform, developers can use ConsenSys's leading Web3 infrastructure and tools and explore the cutting-edge technologies of the Web3 world.
Testnet Performance and Feedback
Since launching the zkEVM specification at DevCon 6 last fall, Linea's progress and feedback have far exceeded expectations. Since launching a private testnet in January this year, over 1.5 million transactions were made in just a few weeks, thanks to the valuable contributions of early partners and testers.
Developer-Centric Design Philosophy
ConsenSys has been committed to building Ethereum and making Web3 broadly useful and accessible. Linea offers a seamless developer experience, natively integrated with popular tools like MetaMask and Truffle, allowing developers to focus on innovation. By combining zero-knowledge proof technology with full Ethereum Virtual Machine (EVM) compatibility, developers can easily create scalable dApps or migrate existing applications without changing code or rewriting smart contracts.
Innovative Validator Design
Linea's innovative validator design ensures faster transaction speeds and lower gas costs without sacrificing security. This makes Linea not only easy to use but also highly composable, offering developers flexibility and scalability, even for those who are not experts in zero-knowledge technology.
Official Links for FOXY
Website: https://www.welikethefox.io/
Twitter： https://twitter.com/FoxyLinea
Telegram： https://t.me/WeLikeTheFox
Steps to Buy FOXY on LBank
Purchasing FOXY tokens on the cryptocurrency exchange platform LBank is straightforward. Here's a step-by-step guide:
1. Log into your account: Ensure you're registered and logged into your LBank account, then click the "Trade" option in the top menu bar to start the trading process.
2. Search for FOXY: Use the search function within the trading platform to find "FOXY", locate the trading pair, such as FOXY/USDT, and click to enter its dedicated page.
3. Place an order: In the FOXY/USDT trading page's spot trading area, enter the amount of FOXY you wish to buy. If you want to complete the purchase immediately at the current market price, select a market order and then click the "Buy" button.
4. Confirm the order: A confirmation window will pop up. After verifying the order details are correct, confirm to place your order. Once the transaction is successful, the purchased FOXY will automatically be deposited into your LBank spot wallet.