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Linear is a cross-chain compatible decentralized synthetic asset protocol. Linear enables users to quickly create, trade and manage synthetic assets (Liquids) cost-effectively.
Linear is built on Binance Smart Chain (BSC) and Ethereum, allowing users to exchange Linear's assets between the two DeFi ecosystems and use them as DeFi building blocks.
LINA is Linear's native utility token and has the following use cases:
Governance: LINA token holders will be able to vote on protocol topics such as synthetic asset lists, fee income distribution, collateralization ratios, and others Linear Improvement Suggestions.
Staking: LINA token holders will be able to stake their LINA tokens into the protocol to generate ℓUSD.
ℓUSD can be used to purchase synthetic assets on Linear Exchange, and can also be used for other DeFi protocols.
Users who create ℓUSD are eligible to receive rewards as well as a portion of transaction fees incurred on the Linear Exchange.
The project raised $2.36MM in funding:
Seed round: 2.40% of total token supply at $0.00125 / LINA.
First private sale: 3.50% of total token supply at $0.00200 / LINA.
Second Private Sale: 2.67% of total token supply at $0.00300 / LINA.
Third Private Sale: 0.08% of total token supply at $0.00350 / LINA.
Public sale: 0.63% of total token supply at $0.0050 / LINA.