Lina Coin: Is It A Smart Investment Decision?

Linear (LINA) is a cryptocurrency token that operates on the Ethereum platform. It is a decentralised delta-one asset protocol that enables the instant creation of synthetic assets with unlimited liquidity. LINA is an ERC-20 token whose primary function is to serve as collateral for Liquids and for community governance of the protocol. The Linear Finance network is secured by one of the largest proof-of-work mining networks, and the LINA token has seen significant growth in 2024. This article will explore the potential of LINA as a good investment.

LINA's price history and future projections

LINA's price history has been a volatile one, with the cryptocurrency token reaching an all-time high of BTC 0.055098 in March 2021, before crashing to an all-time low of BTC 0.076159 in August 2024. This represents a decrease in value of over 98% from its peak.

However, it is important to note that LINA operates on the Ethereum platform and is subject to the volatility of the broader cryptocurrency market. The price of LINA has been influenced by various factors, including the performance of the broader market, news and developments related to the Linear project, and the flow of investment capital into and out of the cryptocurrency space.

In terms of future projections, the outlook for LINA is positive, with some analysts predicting significant upside potential. For example, according to one analysis, LINA is expected to reach a price of $0.206134, representing a potential increase of over 300% from its current price. This projection is based on the assumption that the cryptocurrency market will recover and that LINA will benefit from increased adoption and usage.

Additionally, LINA's unique features and use cases could also drive future price appreciation. LINA is the native token of the Linear Finance platform, which aims to bridge the gap between decentralised finance (DeFi) and traditional finance (TradFi). Linear enables users to trade synthetic assets, providing exposure to various asset classes such as commodities, forex, and market indices. This blend of DeFi and TradFi could attract a wider range of investors and users, potentially driving up demand for the LINA token.

Furthermore, Linear's decentralised governance model, which gives LINA holders a say in the platform's development, could also boost investor confidence and participation. The platform's focus on security, with multiple audits by reputable firms, may also reassure potential users and investors.

However, it is important to remember that cryptocurrency investments are highly speculative and subject to significant risk. The future performance of LINA is dependent on various factors, including the broader market conditions, regulatory changes, and competition from other projects. Investors should carefully consider their risk tolerance and conduct thorough research before investing in LINA or any other cryptocurrency.

LINA's safety rank and potential profit

LINA, or Linear, is a decentralised delta-one asset protocol that enables the instant creation of synthetic assets with unlimited liquidity. It is an ERC-20 token built on the Ethereum network. LINA tokens serve as the base collateral for minting synthetic assets, known as "Liquids", on the Linear Exchange, which provides unlimited liquidity for Liquids and reduces settlement times.

In terms of safety, LINA ranks 203 out of 4138 cryptocurrencies, with a score of 4.3 out of 10. LINA has a current price of around $0.018 to $0.047, with a 24-hour trading volume of $4,242,344.50 to $7,617,563. It is currently ranked 695th to 856th in market capitalisation, with a live market cap of $24,691,263. LINA has a total supply of 10 billion tokens, with 6.5 to 6.6 billion in circulation.

As for potential profit, LINA has seen a 24-hour price increase of 46.43% to 48.5%, with a current expected return of +330.1% based on an algorithm that analysed the daily prices of the coin for the past 6 months. LINA's all-time high was $0.055098 on 18 March 2021, and its price as of August 2024 is 98.7% lower. Its market cap of $2.162 trillion ranks it 856th on CoinGecko.

The Linear Finance network is secured as an ERC-20 token built on the Ethereum Network, leveraging one of the largest proof-of-work mining networks. The LinearDAO also gives LINA holders voting power over proposals that ensure the ecosystem's development. The Linear Finance delta-one asset protocol is trustless and based on Ethereum smart contracts, which can be updated if needed.

LINA's unique features

LINA is an ERC-20 token built on the Ethereum network, designed to be used as collateral for Liquids (using Buildr) and for community governance of the protocol. Linear Finance is a decentralised delta-one asset protocol capable of instantly creating synthetic assets with unlimited liquidity.

• LINA is built on the Ethereum network but allows users to access other supported chains and transfer assets between them.
• LINA enables customers to access traditional assets like forex and commodities through dynamic price feeds, solving the systemic front-running problem that occurs with many decentralised exchange (DEX) protocols.
• LINA tokens serve as the base collateral to mint Liquids. However, customers can also use other digital assets like ETH and wBTC to cover 20% of this base collateral.
• The Linear Exchange provides unlimited liquidity for Liquids and reduces the settlement timeframe to as low as one second per block, making it suitable for high-frequency traders and those running algorithmic trading software.
• Linear Finance users will be able to access synthetic traditional assets and equities in the near term. The cross-chain approach helps Linear reduce fees and solve the oracle frontrunning issue that can occur with some existing protocols on Ethereum.
• LINA's proposed liquidation mechanism is one of its most unique features, allowing LINA holders to help choose transaction fees and insurance fund allocations through voting.

LINA's founders and team

Drey Ng (Co-Founder and CTO): Drey Ng is the co-founder and current Chief Product Officer of Liquefy, a platform that offers access to tokenized securities. He has experience in the fintech industry and is also a blockchain instructor in Hong Kong. Ng has worked in trade finance at Deutsche Bank and HSBC and holds a master's degree in computer science.

Kevin Tai (Co-Founder and CEO): Kevin Tai previously served as the vice president of Credit Suisse in Hong Kong and has over a decade of experience in the economy sector. He graduated from Harvard Business School and UC Berkeley and has conducted more than $20 billion worth of acquisition and divestment deals. Tai has also worked on collateralized debt and structured products for banks such as Standard Chartered.

Aedreon Marshall (Chief Marketing Officer): Aedreon Marshall has played a crucial role in forming major cryptocurrency partnerships for Linear. His experience in the industry has been valuable in connecting individuals and blockchain projects.

Jonathan Lei (Lead Blockchain Developer): Jonathan Lei contributed to the codebase of EOS and has experience in blockchain engineering and creating dApps. He was also the co-founder, CTO, and lead architect of DueDex, a cryptocurrency exchange.

The Linear Finance team also includes other members who are not publicly identified but are said to have expertise in traditional global asset management and crypto projects, contributing to the unique combination of knowledge that sets Linear apart.

How to buy LINA

LINA is an ERC-20 token built on the Ethereum network. It can be purchased on several exchanges, including:

• Binance
• BTCC
• Bybit
• BYDFi
• KCEX
• BitMax
• MXC
• Uniswap
• Fatbtc
• Toobit
• BingX

To buy LINA, you will first need to set up an account on one of these exchanges. For the purposes of this explanation, let's use Binance as an example.

Step 1: Set up a Binance account

Using the Binance website, enter your email address in the "get started" box. Make sure that the email address you enter is secure and that you have access to it. You will then need to select whether you are an individual or a business. For this example, we will assume you are an individual. Make sure to use your real name, as Binance will use this for account verification.

Step 2: Verify your email address

Binance should send you an email to verify your email address. Open the email and click on the link. This is an important security step, as it confirms that you have access to the email address you provided.

Step 3: Verify your mobile phone number

You will also need to verify your mobile phone number. Binance will use this to set up two-factor authentication (2FA) on your account, adding an extra layer of security.

Step 4: Set up your funding sources

You will need to decide how you plan to purchase your cryptocurrency. You can use either a bank account or a credit card. If you want to be able to trade your coins right away, a credit card is a good option, as it allows for immediate purchases. However, your weekly purchase limit on a credit card will typically be lower than with a bank account.

Step 5: Make your first cryptocurrency purchase

You will now be ready to make your first purchase of cryptocurrency, which you will then use to buy LINA. Decide how much you want to invest, keeping in mind that you don't have to purchase a full coin.

Step 6: Transfer your cryptocurrency to another exchange

Since Binance only allows for the purchase of a limited number of cryptocurrencies, you will need to transfer your BTC or ETH investment to another cryptocurrency exchange that offers LINA. This is done via a wallet system.

Step 7: Get your account's wallet ID

On most exchanges, you will see a "Deposit" button next to either BTC or ETH. Click on this, and you should be able to see or create your wallet ID. This wallet ID is specific to your account and your chosen currency.

Step 8: Transfer your BTC or ETH to the new exchange

Head back to your Binance account and locate the official how-to guide on transferring your currency to another wallet. This process can take anywhere from a few minutes to a few hours, depending on the day.

Step 9: Purchase LINA

Once your transfer has been confirmed, you will be able to use your BTC or ETH to purchase LINA. You can either buy at the market price or set a limit price, which allows you to purchase LINA at a specific price.

Remember to track your investment using a third-party website or app, and always do your own research before investing in any cryptocurrency.

Frequently asked questions