Linear (LINA)
A Cross-Chain Compatible, Decentralized Synthetic Asset Protocol.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%.
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
- January 2021: Mainnet launch for Linear Builder and Linear Exchange.
- November 2020: Linear Exchange testnet release.
- November 2020: Announced partnership with Band Protocol for oracle price feeds.
- October 2020: Announced collaboration with #Hashed on Korean market entry.
- October 2020: Recieved strategic investment from 3Commas.
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