Linear is a cross-chain compatible, decentralized synthetic asset protocol. Linear enables users to create, trade, and manage synthetic assets (Liquids) efficiently and swiftly.
Built on Binance Smart Chain (BSC) and Ethereum, Linear allows users to swap Linear assets between the two DeFi ecosystems and use them as building blocks for DeFi.
LINA is the native functional token of Linear and has the following use cases:
Governance: LINA token holders will be able to vote on protocol matters such as the list of synthetic assets, fee revenue distribution, collateral ratios, and other Linear Improvement Proposals (LIPs).
Staking: LINA token holders can stake their LINA tokens into the protocol to generate ℓUSD.
ℓUSD can be used to purchase synthetic assets on the Linear Exchange or in other DeFi protocols.
Users who mint ℓUSD are eligible for rewards and a portion of the trading fees generated on the Linear Exchange.
The project raised $2.36MM in funding:
Seed Round: 2.40% of total token supply at $0.00125 per LINA.
Private Sale 1: 3.50% of total token supply at $0.00200 per LINA.
Private Sale 2: 2.67% of total token supply at $0.00300 per LINA.
Private Sale 3: 0.08% of total token supply at $0.00350 per LINA.
Public Sale: 0.63% of total token supply at $0.0050 per LINA.