Linear Finance (LINA)

What is Linear Finance (LINA)?

Overview and Purpose

The world of decentralized finance (DeFi) is no stranger to trading options derived from traditional finance.

You’ll find many aspects of that world within DeFi, like derivatives, futures, and whatnot.

However, what you won’t find that much of are the actual assets that are traded over there on traditional stock exchanges.

In other words, there is this gap that needs to be bridged if DeFi is to grow and bring more options to the table.

That, coupled with access to such assets being democratized, is sorely needed.

Right now, there may only be a couple of platforms doing that, like Linear Finance(LINA), for instance.

So, without further ado, let’s take a look at what this platform can do or what it sets out to do.

So, what is the Linear Finance(LINA) platform supposed to be? Simply put, it’s a cross-chain-compatible, non-custodial, and delta-one asset protocol—a bit of a mouthful.

But its services can be summed up best by the goals underlying them, and they’re basically to allow for fair access to both traditional and virtual assets, i.e., a platform that’s available to every user out there.

So how does it do that? It does it by providing various distinct derivatives for trading, whether it be in futures or spot markets.

It’s constructed on top of Ethereum and may be compatible with or used across different blockchains, which, therefore, opens access to its staking and trading services to numerous ecosystems.

With this, users are thus able to manage and create their portfolio or spot exposures with inventive traditional and virtual derivative products.

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Key Features

Based on what has been said earlier, it can be deduced that the Linear infrastructure leveraging both Ethereum and other EVM-compatible blockchains is the reason behind its improved scalability and reduced costs.

Such a dual approach can ensure two things.

One is retaining the security and composability of Ethereum.

The other would be quicker throughput and low fees, both of which are welcome additions, particularly when DeFi is concerned.

Other than its cross-chain compatibility, though, there are a ton of other features that we’ll discuss, like its collateralized debt pool, which is basically the foundation of the protocol, or one of its core features, along with synthetic assets, its collateral pledging mechanism, and more.

How Does Linear Finance (LINA) Work?

Synthetic Assets and Liquids

On the Linear Finance(LINA) protocol, you have what are called synthetic assets (Liquids), and these are a major aspect of its offerings.

These assets can represent gold, oil, commodities, spots, and cryptocurrencies.

Not only that, but its virtual portfolio can be regularly enhanced to manage such assets efficiently or effectively.

So, how do users go about buying these synthetic assets then? To start with, they pool their virtual or real-world assets within that collateralized debt pool, which serves as the counterparty, ensuring the stability of the system.

Following that, they may mint ℓUSD, or Linear USD, which could then be utilized to buy those synthetic assets from Linear’s native exchange.

Nonetheless, it goes without saying that the number of ℓUSD minted is dependent on how much collateral users have placed within that pool.

Although Linear USD is supposed to be a stablecoin, it should be noted that a quick look at its chart will reveal that it has done a not-so-good job of maintaining that peg—an abysmal one, to be precise, though it is somewhat stable now if you consider $1.08 as “stable.” At one point, it even fell to $0.000001! That’s like five zeros after the point!

Collateralized Debt Pool

You may have already had a bit of an idea about what this pool is supposed to be.

But, to reiterate, Linear’s system is backed by a collateralized debt pool where users’ collateral is pooled to ensure liquidity and stability.

This mechanism allows instantaneous trading without requiring direct counterparts.

Cross-Chain Compatibility

We have already stated earlier that the protocol is cross-chain compatible.

But what does that really mean? Well, it could mean a lot of things, really.

But to boil it down, when you say you’re catering to cross-chain compatibility, what you’re also saying is that your services aren’t just limited to your ecosystem or the blockchain your protocol is built upon.

They can be accessed on other blockchains and ecosystems as well, which is always a good thing, so that as many users as possible may benefit from whatever you have to offer, assuming there is benefit to be had.

However, the extent of that compatibility will likely be limited, so you might want to look into whether or not it supports the blockchain you’re currently using.

LINA Tokenomics

Token Supply and Distribution

Now on to the tokenomics—for the LINA token, that is.

Its price is currently valued at around $0.007, with a market capitalization of over $47 million and a fully diluted valuation of more than $77 million.

Its daily trading volume is slightly over $4.9 million.

As for the token’s supply, both the maximum and total supply equal exactly 10 billion tokens.

The circulating supply, on the other hand, is over 6.1 billion tokens.

As for the initial token distribution, that would be as follows: 20% was allocated to the team and advisors, 20% to the ecosystem fund, 15% to the private sale, 15% to the public sale, 15% to staking rewards, 5% to the community rewards, and 10% to the reserve fund.

Utility and Governance

So, what utility do these tokens hold? They can be pooled in as collateral and are usable as a mechanism within governance.

Basically, if you feel like voting on a proposal or something, one that dictates an important aspect of the protocol’s future, then you may use the LINA tokens to do so.

All in all, it’s a way to give the community a voice and make sure they don’t feel alienated from the project.

Incentives and Rewards

Besides governance, the token can also be used to earn some passive income through staking, yield farming, and whatnot, which is a neat addition.

So, if you’re impressed with the returns you can get here, then you may want to get some of these tokens for yourself, which we’ll discuss below.

How to Acquire and Store LINA

Purchasing LINA

You’re interested in this protocol, then? And you want to get a hand at some of its native tokens? Well, there are a couple of ways you can go about doing that.

To start with, you’ll need to pick an exchange that supports the token, and it may not be the one you’re currently using.

Depending on the choice you make, the buying process will likely vary.

For example, if you already have some tokens with you, you can use an exchange like Uniswap to just swap them for some LINA, which would be the easiest way.

But if you don’t have any tokens whatsoever, then pick an exchange like Bianace, Gate.io, Kucoin, HTX(Huobi) and more.

Over there, begin the registration process and go through KYC, the latter of which may or may not be necessary, but you might still be better off going through it since there may be some limits involved.

Once done, connect your wallet and head over to the exchange’s fiat options, where you may either be able to purchase the token directly or, if it’s not supported with that option, you can just buy something like USDT and swap it for LINA later.

Storage Solutions

Also, there’s one thing you need to be on the lookout for, and that would be whether or not the wallet you’re using is safe.

A secure wallet can mean the difference between your funds getting stolen or not.

Currently, the safest option that the cryptocurrency sector has to offer would be cold wallets like Ledger or Trezor, which store your assets offline, where they’ll be safe from the several threats lurking online.

But if you’re looking for something less expensive, then you can always opt for something like MetaMask, which you can download for free through its official website.

Conclusion

Future Prospects

Given its nature, Linear Finance(LINA) will obviously seek to expand on its cross-chain compatibility and its other services.

The team behind it is committed to improving the user experience and offering a streamlined and cost-efficient way to gain exposure to a variety of financial instruments.

However, only time will tell as to the success of its future prospects.

Challenges and Considerations

While there may be something beneficial about the experience one can have, the challenges should not be ignored.

For one, as with anything cryptocurrency, there will be regulatory hurdles.

Not to mention the competitiveness that permeates the sector, which puts pressure on the protocol to innovate or differentiate its offerings in some way.

Addressing such challenges will be vital if the protocol is to attain long-term success.
Besides this, there is its stablecoin to consider too.

As we said earlier, it has had difficulty maintaining its peg, and even now, it’s currently worth around $1.10, so there’s that too.

We Coin-Labs.com provides only objective information about Linear Finance (LINA).
Therefore, we are not responsible for the investment decision in Linear Finance (LINA) and the resulting loss.

Linear Finance (LINA) Basics

Here are some factors that investors should consider before investing in Linear Finance (LINA).

Cryptocurrency Features	Linear Finance (LINA) (LINA)
Publisher or Developers	Linear Finance
Headquarters (Registration Number)
Symbol	LINA
Platform
Published Date (CMC Registration)	2024-11-01
Max Supply	10,000,000,000 LINA

Reliability Score of Linear Finance (LINA) in 2024

These are indexes mesuring the investment reliability of Linear Finance (LINA) conducted by Coin-Labs.com.

Investment Reliability Rating Items	Scores and Current Status
Company Activation Rate	/ 10.0 CAR
Communication Rate	/ 10.0 CR
Technology Transparency Rate	/ 10.0 TTR
Development Participation Rate	/ 10.0 DPR
Listing Status on the World's Top 10 Exchanges	Listed on 4 Exchanges
Number of Available Pairs Worldwide	199 Pairs
Market Cap of the Cryptocurrency	45,169,254 USD (Rank #538)

The table above shows the result of investment suitability evaluation for Linear Finance (LINA).
Check out how we evaluate cryptocurrencies on the crypto rating description page.

Linear Finance (LINA) Price

Here are the price and recent trading volume of Linear Finance (LINA). (Data of 2024-11-02 00:35:00)

Price Items	Price and Trading Volume of Linear Finance (LINA)
Linear Finance (LINA) Price	0.004 USD
Price Change 24h	-1.61%
Price Change 7d	8.42%
Trading Volume 24h	12,838,830 USD
Trading Volume Change 24h	-30.09%

Cryptocurrency Metadata

You can check the development status and social media information of Linear Finance (LINA) through the links in the table below.

Metadata Source	URL
🌎 Official Website
📖 White Paper
🛰️ Source Code (GitHub)
🐦 Twitter
🤖 Reddit
🎺 Message Board

Where to Buy Linear Finance (LINA)

Here are the top ten world crypto exchanges where traders can buy Linear Finance (LINA) in 2024.

Top10 Exchanges	Listed Status	Page URL
Binance	Listed	https://www.binance.com/en/trade/LINA_USDT
Coinbase	Not listed
Kraken	Not listed
KuCoin	Listed	https://www.kucoin.com/trade/LINA-USDT
Bitfinex	Not listed
OKX	Not listed
Huobi	Listed	https://www.htx.com/trade/lina_usdt
Bitstamp	Not listed
Bybit	Not listed
Gate.io	Listed	https://www.gate.io/trade/LINA_USDT

Frequently Asked Questions