Although the cryptocurrency market is currently facing an uphill battle that has caused the prices of various coins to fall. In addition, the SEC published a list of tokens that the United States classified as securities. The more unfavorable the cryptocurrency price situation is, the more unfavorable it is. But it seems that the price of a cryptocurrency called Linear (LINA) has been steadily rising. For other cryptocurrencies
According to Coinbase, LINA has gained 39.03% in the past 24 hours. This is more than 3.38% higher than the price in the previous hour. At the time of writing, LINA is currently trading at $0.0180, which is about 94.18% lower than its all-time high of $0.31.
From this information, it can be seen that LINA coin is considered to be one of the currencies that can effectively profit during this period of turbulence in the cryptocurrency market.
LINA Coin is the coin of Linear Finance, a decentralized delta-one asset protocol. Synthetic assets can be created instantly with unlimited liquidity. It was founded by Drey Ng, Kevin Tai, and a small team of less than ten developers.
The project will issue traditional assets to cryptocurrency users such as commodities, foreign exchange, market indices, and will support the creation of Linear’s synthetic asset token “Liquids”.
The Linear Finance protocol includes products such as Linear.Buildr, a DApp for managing Liquids tokens, using Linear Coin (LINA) and other tokens as collateral. Transactions are confirmed quickly and are highly secure.
Linear Finance aims to provide a simple solution for users who want to experience traditional assets. While still benefiting from the features that are only possible with blockchain technology. The main goal of Linear Finance is to provide a superior user experience. With better scalability and faster speed. Cross-chain capabilities from the protocol
Drey Ng is the co-founder of Linear Finance and the current Chief Product Officer of Liquefy, a platform that provides access to security tokens by lowering the barrier to entry. He is also a blockchain lecturer in Hong Kong. As well as having many years of experience in the fintech industry.
Kevin Tai is a Vice President at Credit Suisse, a global wealth management and investment bank. He graduated from Harvard Business School and has over a decade of experience in the economics field.
What is Linear Coin (LINA)?
Linear Coin (LINA) is an ERC-20 token built on the Ethereum network. It is used as a token for Liquids (using Buildr) and protocol community governance voting.
All LINA token holders have access to the Linear DAO, where they can use LINA tokens to vote on project guidelines and initiate proposals. Ecosystem development model in Linear DAO