• Linear is a cross-chain compatible, decentralized synthetic asset protocol, which allows users to create, trade, and manage synthetic assets (Liquids).

  • Linear is built on both Binance Smart Chain and Ethereum, allowing users to swap Linear’s assets across both DeFi ecosystems and use them as DeFi building blocks.

  • LINA is the native utility token of Linear and has the following use cases:

    • Governance: LINA token holders will be able to vote on protocol topics such as synthetic asset listings, fee revenue splits, collateral ratio, and other Linear improvement proposals.

    • Staking: LINA token holders are able to stake and collateralize their LINA tokens on the protocol to generate ℓUSD.

      • ℓUSD can be used to purchase synthetic assets on Linear Exchange, or be used in other DeFi protocols.

      • Users who create ℓUSD are eligible for staking rewards and a share of the trading fees generated on Linear Exchange.

  • The project raised 2.36MM USD in the following sale rounds:

    • Seed round: 2.40% of the total token supply sold at $0.00125 USD / LINA.

    • Private sale round 1: 3.50% of the total token supply sold at $0.00200 USD / LINA.

    • Private sale round 2: 2.67% of the total token supply sold at $0.00300 USD / LINA.

    • Private sale round 3: 0.08% of the total token supply sold at $0.00350 USD / LINA.

    • Public sale round: 0.63% of the total token supply sold at $0.00450 USD / LINA.

  • As of March 18th 2020, the total token supply of LINA is 10,000,000,000 and the circulating supply when listed on Binance is 15.63%.

Key metrics (as at March 18th 2021)

Ticker

LINA

Token Type

BEP-20, ERC-20

Circ. Supply When Listed on Binance

1,562,815,678 (15.63%)

Total Token Supply

10,000,000,000 LINA

Discount Sale Token Offered

21,084,000 LINA (0.21084% of total token supply)

Discount Sale Token Price

1 LINA = 0.00031044 BNB (0.08537279 USD, using a BNB price of 275 USD)


1. What is Linear (LINA)?

Linear is a cross-chain compatible, decentralized synthetic asset protocol to cost-effectively and quickly create, trade, and manage synthetic assets (Liquids).

This is achieved by leveraging fast public blockchains such as BSC as a solution. This brings scalability and cost-savings versus existing solutions and composability between DeFi assets across different blockchains. Linear’s first cross-chain integration is with BSC followed by an integration with Polkadot.

Although Linear’s transactions are done on BSC, Linear maintains connectivity with the Ethereum network through its swap functionality. This allows users to convert their Liquids between Ethereum (ERC-20) and BSC (BEP-20), allowing composability and accessibility between DeFi protocols on Ethereum and BSC.

Linear's token (LINA) serves as the backbone to the protocol and is used in both of Linear's dApps, Linear Buildr and Linear Exchange. LINA tokens have the following use cases:

  • LINA token holders are able to stake and collateralize their LINA tokens on the protocol and mint ℓUSD. ℓUSD can be used to purchase Liquids on Linear Exchange, or be used in other DeFi protocols. Users who mint ℓUSD will also be eligible for staking rewards, and a share of the trading fees generated on Linear Exchange.

  • LINA token holders will be able to participate in the Linear DAO, and vote on protocol topics such as synthetic asset listings, fee revenue splits, collateral ratio, and other Linear improvement proposals. At a later stage, the Linear DAO will also vote on the distribution of staking rewards and reserve tokens.

2. Recent news

3. Economics and Supply

3.1 Token sales data

Token Name

LINA

Seed Sale Allocation

240,000,000 LINA

Seed Sale Token Price

0.00125 USD / LINA

Seed Sale Amount Raised

300,000 USD

Private Sale 1 Allocation

350,000,000 LINA

Private Sale 1 Token Price

0.00200 USD / LINA

Private Sale 1 Amount Raised

700,000 USD

Private Sale 2 Allocation

266,666,667 LINA

Private Sale 2 Token Price

0.00300 USD / LINA

Private Sale 2 Amount Raised

800,000 USD

Private Sale 3 Allocation

80,000,000 LINA

Private Sale 3 Token Price

0.00350 USD / LINA

Private Sale 3 Amount Raised

280,000 USD

Public Sale Allocation

63,333,333 LINA

Public Sale Token Price

0.00450 USD / LINA

Public Sale Amount Raised

285,000 USD

3.2 Token allocation

Token Name

LINA

Seed Sale

2.40% of total token supply

Private Sale 1

3.50% of total token supply

Private Sale 2

2.67% of total token supply

Private Sale 3

0.80% of total token supply

Public Sale

0.63% of total token supply

Team

10.00% of total token supply

Advisors

5.00% of total token supply

Exchange Liquidity Allocation

5.00% of total token supply

Ecosystem

10.00% of total token supply

Community

5.00% of total token supply

Reserve

15.00% of total token supply

Staking Rewards

40.00% of total token supply

*Please click here for more details of the token distribution.

LINA token allocation

LINA token release schedule

The chart above represents the number and breakdown of all LINA tokens that are to be released into circulation on a monthly basis. The release of reserve tokens (15% of total token supply) will be determined at a later stage via DAO Governance.

The initial staking rewards will be sourced from the staking rewards pool (40% of total token supply) and the platform trading fees. As Linear matures, a greater portion of staking rewards will be sourced from platform trading fees.

4. Linear's community overview

  • Linear has an existing community in Europe and North America, and is now focusing on expansion in China, Korea and Russia over Q2 2021.

Current community growth strategies include:

  • Cross pollination between partners on compatible chains exploring the inclusion of co-branded products and initiatives.

  • Frequent AMA and partner interaction via their social channels explaining and promoting the importance of the Linear to each partners' ecosystem, advising how Linear adds value to each partner project.

  • 24-7 helpdesk support consistent with that of a centralized exchange to ensure the acquisition of potential new users.

  • Educational series for all elements of the protocol enabling new and curious users to use Linear with ease.

  • Monthly ecosystem updates with bi-weekly metric reporting.

Future community growth strategies include:

  • The Linear DAO will be established with a particular focus on creating interaction between the protocol decisions (non-intrusive) and the community.

  • Ambassador programs to be established in key regions to aid in targeted expansions through localized interactions with the communities.

  • Active community engagement via social channels.

  • Linear Blog to be established to act as a method of communication for development related input from the community.

5. Community and social channels (as of March 18th 2021)

Telegram (Korean) | 806 Members
Twitter (English) | 17.7K Followers
Medium (English) | 347 Followers
Discord | 2.8K Members