Headlines are updated in real time. Click on a headline to the left to read the news.
Linear is a decentralized protocol that allows the creation of synthetic assets with unlimited liquidity. These synthetic assets, known as "Liquids," open up traditional assets like commodities, forex, and market indices to cryptocurrency users. Linear's main goal is to provide a superior user experience with better scalability and greater speed, thanks to its cross-chain capabilities.
Linear Finance was co-founded by Drey Ng and Kevin Tai. Ng is a seasoned player in the fintech industry and currently serves as the chief product officer of Liquefy, a platform that offers access to tokenized securities. Tai, on the other hand, is a former vice president of Credit Suisse in Hong Kong and a Harvard Business School graduate with over a decade of experience in the economy sector.
The total supply of Linear's native token, LINA, is currently 10 billion tokens. Linear uses an inflationary system with a decreasing rate until a terminal floor is reached. The inflation rate is initially set at 75%, but this decreases at 1.5% per week and is subject to modification if a consensus is achieved by the LinearDAO.
LINA is listed on popular centralized exchanges like BitMax and MXC, as well as the popular decentralized exchange, Uniswap. The token can be traded against Ethereum (ETH) and Tether (USDT), or against wrapped Bitcoin (wBTC) on Uniswap.
Linear's main use is to create Liquids, synthetic asset tokens, using LINA and other tokens as collateral. LINA is also used for community governance of the protocol, allowing token holders to vote on different initiatives and proposals, helping to shape the development of the Linear ecosystem.
Linear Finance has secured a $1.8 million investment from reputable seed investors like Alameda Research, NGC Ventures, and Hashed. The project also conducted a small initial coin offering (ICO) in September 2020, raising a total of $310,000 by selling LINA tokens at $0.005 with a personal cap of $500 per participant.
One of Linear Finance’s most unique features is its proposed liquidation mechanism, which will be decided based on community governance. LINA holders are able to help choose transaction fees and how much to allocate to the insurance fund, among other options by voting.
As an ERC-20 token built on the Ethereum Network, Linear leverages one of the largest proof-of-work (POW) mining networks to secure its tokens. The LinearDAO was created to give LINA holders the power to vote on proposals that help ensure the Linear Finance ecosystem develops along the path desired by its users.
Linear Finance, a cryptocurrency startup, has made significant strides in the creation of a platform that allows users to create, manage, and trade synthetic assets. This platform, powered by its native token, LINA, is now tradable on various exchanges. The platform has also launched a new Graphical User Interface (GUI) called Linear Debt Terminator, which helps users manage their accounts more effectively.
Recent news about Linear includes several strategic partnerships. Linear Finance has teamed up with Bridge Mutual, a decentralized risk coverage platform, to provide coverage against future smart contract hacks, bugs, or exploits. This partnership allows assets held on Linear Finance to be covered from unforeseeable events. Another significant collaboration is with Neblio, a partnership aimed at exploring opportunities as the Neblio ecosystem expands.
Linear Finance has transitioned into a Decentralized Autonomous Organization (DAO), consisting of Community Participants, the Linear Council, and the Protocol DAO. The DAO is responsible for overseeing the health of the protocol and controlling the flow of funds. In addition, Linear Finance has been actively engaging with the community through regular updates and AMAs (Ask Me Anything) sessions on social media platforms.
Linear Finance has been consistent in releasing a breakdown of the weekly staking rewards for LINA tokens. These rewards, along with ℓUSD earned from trading fees on the Linear Exchange, are distributed weekly and have a 2-week claiming period. This system offers an attractive yield for those interested in where to buy Linear and participate in its ecosystem.
Headlines are updated in real time. Click on a headline to the left to read the news.
Linear is a decentralized protocol that allows the creation of synthetic assets with unlimited liquidity. These synthetic assets, known as "Liquids," open up traditional assets like commodities, forex, and market indices to cryptocurrency users. Linear's main goal is to provide a superior user experience with better scalability and greater speed, thanks to its cross-chain capabilities.
Linear Finance was co-founded by Drey Ng and Kevin Tai. Ng is a seasoned player in the fintech industry and currently serves as the chief product officer of Liquefy, a platform that offers access to tokenized securities. Tai, on the other hand, is a former vice president of Credit Suisse in Hong Kong and a Harvard Business School graduate with over a decade of experience in the economy sector.
The total supply of Linear's native token, LINA, is currently 10 billion tokens. Linear uses an inflationary system with a decreasing rate until a terminal floor is reached. The inflation rate is initially set at 75%, but this decreases at 1.5% per week and is subject to modification if a consensus is achieved by the LinearDAO.
LINA is listed on popular centralized exchanges like BitMax and MXC, as well as the popular decentralized exchange, Uniswap. The token can be traded against Ethereum (ETH) and Tether (USDT), or against wrapped Bitcoin (wBTC) on Uniswap.
Linear's main use is to create Liquids, synthetic asset tokens, using LINA and other tokens as collateral. LINA is also used for community governance of the protocol, allowing token holders to vote on different initiatives and proposals, helping to shape the development of the Linear ecosystem.
Linear Finance has secured a $1.8 million investment from reputable seed investors like Alameda Research, NGC Ventures, and Hashed. The project also conducted a small initial coin offering (ICO) in September 2020, raising a total of $310,000 by selling LINA tokens at $0.005 with a personal cap of $500 per participant.
One of Linear Finance’s most unique features is its proposed liquidation mechanism, which will be decided based on community governance. LINA holders are able to help choose transaction fees and how much to allocate to the insurance fund, among other options by voting.
As an ERC-20 token built on the Ethereum Network, Linear leverages one of the largest proof-of-work (POW) mining networks to secure its tokens. The LinearDAO was created to give LINA holders the power to vote on proposals that help ensure the Linear Finance ecosystem develops along the path desired by its users.
Linear Finance, a cryptocurrency startup, has made significant strides in the creation of a platform that allows users to create, manage, and trade synthetic assets. This platform, powered by its native token, LINA, is now tradable on various exchanges. The platform has also launched a new Graphical User Interface (GUI) called Linear Debt Terminator, which helps users manage their accounts more effectively.
Recent news about Linear includes several strategic partnerships. Linear Finance has teamed up with Bridge Mutual, a decentralized risk coverage platform, to provide coverage against future smart contract hacks, bugs, or exploits. This partnership allows assets held on Linear Finance to be covered from unforeseeable events. Another significant collaboration is with Neblio, a partnership aimed at exploring opportunities as the Neblio ecosystem expands.
Linear Finance has transitioned into a Decentralized Autonomous Organization (DAO), consisting of Community Participants, the Linear Council, and the Protocol DAO. The DAO is responsible for overseeing the health of the protocol and controlling the flow of funds. In addition, Linear Finance has been actively engaging with the community through regular updates and AMAs (Ask Me Anything) sessions on social media platforms.
Linear Finance has been consistent in releasing a breakdown of the weekly staking rewards for LINA tokens. These rewards, along with ℓUSD earned from trading fees on the Linear Exchange, are distributed weekly and have a 2-week claiming period. This system offers an attractive yield for those interested in where to buy Linear and participate in its ecosystem.