$SNT Status Network Merges with Linea, Abandoning Plans for Independent Mainnet Launch
Status Network has just announced it will merge its gasless and secure L2 technology into the Linea ecosystem. {future}(LINEAUSDT) 🔸 Accordingly, they will become a native distribution layer for Linea and will not deploy an independent mainnet.
🔸 What will happen? The merger aims to unify the technology and liquidity roadmap between the two sides, allowing Status to focus all its resources on its core application.
🔸 Users who have deposited funds in advance will benefit: They can withdraw their principal and accumulated profits and will receive a total of 20 million SNT tokens and 20 million $LINEA tokens as liquidity rewards.
🔸 A detailed migration schedule and developer guide will be announced next week.
👉 This is a strategic move, focusing resources on the core product instead of competing for liquidity with Linea. This deal helps avoid ecosystem fragmentation and strengthens Linea's position.
💬 Do you support Status Network's merger decision?
News is for reference, not investment advice. Please read carefully before making a decision.
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