# The $LINUS Thesis

By [Pengmilio](https://paragraph.com/@xrex) · 2024-06-10

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Firstly, why Memecoins?
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*   **Unlimited Growth Potential**: Memecoins aren't tied to any fundamental utility, unlike traditional stocks or other crypto-tokens such as $ENA, $ARB, $UNI... allowing for potentially infinite growth driven by market sentiment and social trends.
    
*   **Fixed and Finite Supply**: Memecoins typically have a fixed supply, creating scarcity that can drive up value as demand increases, benefiting early adopters and long-term holders (perfect incentives alignment, [Loyalty deserves Loyalty](https://x.com/elonmusk/status/1799621606744162548))
    
*   **24/7 Market**: The crypto market operates 24/7 globally, unlike traditional financial markets. This allows memecoins to capitalize on real-time social trends and global events. Unlike stocks like _$GME_, memecoins operate 24/7 and aren't tied to centralized entities, making them more efficient.
    
*   **Institutional Interest**: Institutional capital is increasingly investing in memecoins like $DOGE, $WIF, $PEPE… They’re starting to take memecoins seriously, as crypto is an attention economy and attention is easily driven by trends and culture rather than infrastructure and tech.
    
*   **Trojan Horse for Web3**: Memecoins are the simplest gateway to onboard the next generation to Web3. Every chain will have its top memecoin, and we are betting on Linea.
    

![$LINUS the Trojan Horse For Linea](https://storage.googleapis.com/papyrus_images/a833c0f1b7e1d913e1506c36d9fb7b597f223d1b41ed238d165968f1ffe14b4e.jpg)

$LINUS the Trojan Horse For Linea

### **Why Linea?**

*   **Funding and Growth**: Linea was funded with $700M and has grown incredibly fast since their Points System from $300M to +$1.2B TVL in a few months. I expect billions for Linea’s valuation at launch and a big airdrop (pengmillions) given to its users, which will increase inflows in their ecosystem tokens like $LINUS.
    
*   **Strong Team**: The Consensys team created Linea, the same team as Metamask (Top Crypto Wallet with +40M users). Metamask listings and integrations for their ecosystem tokens are incoming (narrative of equal value to the "Coinbase onboarding gorillions").
    
*   **Strategic Funding**: $700M in funding means many $ to be used in multiple ways, including KOLs and community building. See $FOXY launch—it was a coordinated launch with top-tier KOLs and CEXes. These levels of connections are substantial for a chain’s growth and its ecosystem tokens.
    
*   **Competitive Edge**: Linea will rival Base in a few months. If you want to be exposed to Linea and its growth, you can do it by competing with $1B TVL from whales that are farming the LXP-L Points, or you can just buy $LINUS as a default proxy to the chain’s growth.
    

**Achievements Since $LINUS Launch**
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For the new Pengus, here’s a snapshot of what we’ve achieved since our launch on April 2nd:

*   Created the technological innovation called **_uponly_** as you can see on our [website](https://linusonlinea.com/)
    
*   Fair Launched $LINUS as one of the 1st winner Memecoins to be launched on Linea (_before $FOXY or $CROAK_)
    
*   25% Supply [Burnt](https://lineascan.build/tx/0xec53afb5d358c6b9694e61c1f17e91cd33dbf6ae5a258f64c9d245db479371de)
    
*   Distributed [690,420 $LINUS](https://x.com/LinusOnLinea/status/1792603317907943844) to the best Memes & Art
    
*   $LINUS became the [top Lynex Farm](https://x.com/LynexFi/status/1794056584038891950) by APR
    
*   Pengmilio infiltrated the Linea Headquarters and made $LINUS be [shilled by Linea directly](https://x.com/LineaBuild/status/1799440935845282052)
    
*   Partnerships with Linea DApps & Buildoors in the space like [Lynex](https://x.com/LynexFi/status/1791600028198584581), Nile, StationX, [eFrogs](https://x.com/LinusOnLinea/status/1789656666037784721), Sidebot, MemeFi & more
    
*   As a Top organic community, our holders are being given Airdrops ([Wizards of Linea](https://x.com/wizoflinea), [Magi](https://x.com/LineaMagi) soon + more as they launch). As the Linea ecosystem grows, $LINUS holders are being gifted.
    

Don’t fade institutional capital, don’t fade consensys, don’t fade metamask team, don’t fade $LINUS.

**Do not fade Pengmilio.**

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*Originally published on [Pengmilio](https://paragraph.com/@xrex/the-linus-thesis)*