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  • Linear is a cross-chain compatible, decentralized synthetic asset protocol, which allows users to cost-effectively and quickly 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%.