What is Linear?

Linear is a staple in many altcoin traders’ portfolios. However, Before you Trade LINA, it is vital that you understand what you are investing in. Let's find out what's LINA and how it functions.

Linear is a distributed system for constructing delta-one assets, which may be used to create unlimited-liquidity synthetic assets quickly. By facilitating the development of Liquids — Linear's synthetic asset tokens — the project enables cryptocurrency users to access traditional assets, including commodities, currencies, market indexes, and other themed areas.

The protocol is made up of several products, such as Linear.

One such decentralized application (DApp) is Buildr, which can be used to manage Liquids with collateral in the form of Linear (LINA) and other tokens. The platform was developed to facilitate the trading of many Liquids with low latency confirmations and high levels of safety.

LINA is an Ethereum-based ERC-20 token used primarily as security for Buildr-facilitated Liquids and as a means of decentralized protocol management. The Linear DAO is open to all token holders, giving them a voice in shaping the future of the Linear ecosystem by voting on various ideas and projects.

The primary objective of Linear is to improve the user experience by making use of the protocol's cross-chain features to increase scalability and transaction throughput. Linear Finance's goal is to provide a straightforward service for anyone who wish to invest in traditional assets but also makes use of the unique abilities offered by blockchain.

How is Linear different?

Linear Finance is based on the Ethereum network, but the protocol also lets users to interact with other supported chains and move assets across them. Linear's dynamic price feeds address the systemic front-running problem seen by many decentralized exchanges (DEX) protocols while still providing consumers access to traditional assets like FX and commodities

LINA tokens are used as the base collateral for minting Liquids. To cover the remaining 20% of this basic collateral, consumers can utilize additional digital assets like ETH and wBTC. High-frequency traders and those using algorithmic trading tools will find the Linear Exchange's limitless liquidity for Liquids and reduced settlement timescale of as little as one second per block to their liking.

Users of Linear Finance will eventually have access to synthetic versions of traditional assets and shares. Linear can lower costs and avoid oracle frontrunning, a problem that has plagued specific previously implemented protocols on Ethereum, thanks to its cross-chain methodology.

The planned liquidation process for Linear Finance is one of the platform's most innovative aspects and will be chosen by community governance. LINA holders can vote on various issues, including transaction costs and the proportion of funds allocated to the insurance pool.

How many LINA coins are there?

LINA has a total supply of 10 billion tokens. Linear employs a decrementing inflationary system that eventually reaches a terminal floor. Initial inflation is 75%; however, it lowers by 1.5% every week and may be changed if the LinearDAO reaches a consensus.

Linear Finance was backed by Alameda Research, NGC Ventures, and Hashed. Moreover, in September of 2020, the project held a small initial coin offering (ICO), raising a total of $310,000 by selling LINA tokens for $0.005 with a personal maximum of $500 per participant.

Staking incentives account for 40% of the overall supply, the Linear Finance reserve gets 15%, and the ecosystem gets 10%. The team and the advisers receive tokens, with the team receiving 10% and the advisors receiving 5%, respectively, subject to a vesting schedule

In the first 40 months after the genesis event, the Linear team estimates that 40% of the LINA supply will be in circulation, while this number might be lower if tokens are burned.

Network security

As an Ethereum-based ERC-20 token, Linear uses one of the largest proof of stake mining networks to safeguard its tokens.

In addition, the LinearDAO was developed to provide LINA holders a say in the ecosystem's future development by voting on proposals. Linear Finance's delta.one asset protocol relies on Ethereum smart contracts, which may be changed in the event of a security breach.

Founders

According to their Linkedin page, Drey Ng and Kevin Tai started Linear Finance and employed a small staff of less than a dozen people.

Drey Ng is a co-founder and the current chief product officer at Liquefy, a platform that reduces the hurdles to obtaining tokenized securities. In addition to his years of expertise in the financial sector, he is also a blockchain instructor in Hong Kong.

Kevin Tai was VP of Credit Suisse in Hong Kong, a wealth manager and investment bank. He has more than a decade of experience in the business world and a degree from Harvard Business School.

Where can you buy LINA?

LINA is available on the licensed cryptocurrency exchange CryptoForce and several other national and international exchanges.

Disclaimer: Cryptocurrencies are highly volatile and subject to market, technical, and regulatory risks. Crypto trading requires one’s own diligence, and Cryptoforce will not be responsible for any losses incurred. Any information provided here should not be regarded as Cryptoforce’s technical or financial advice