Lina Crypto: A Good Investment Or Just Hype?

Linear Finance (LINA) is a decentralised delta-one asset protocol that enables the creation of synthetic assets with unlimited liquidity. The LINA token is built on the Ethereum network and serves as collateral for these synthetic assets. Linear Finance's unique features include its ability to provide access to traditional assets like forex and commodities, as well as its proposed liquidation mechanism, which will be decided through community governance. With Linear's recent listing on Binance, there has been a surge in its price, but is LINA crypto a good investment?

LINA's price history and predictions

Linear Finance (LINA) is a decentralised delta-one asset protocol that enables the creation of synthetic assets with unlimited liquidity. LINA is an ERC-20 token built on the Ethereum network, with a total supply of 10 billion tokens. Linear Finance aims to provide a simple solution for users who want exposure to traditional assets while benefiting from blockchain technology features.

As of September 2024, the live Linear Finance price is $0.004500 USD, with a 24-hour trading volume of $5,536,646 USD. The current CoinMarketCap ranking is #690, with a live market cap of $30,412,636 USD. It has a circulating supply of 6,758,502,299 LINA coins and a maximum supply of 10,000,000,000 LINA coins. Linear Finance is up 0.52% in the last 24 hours.

The highest value of LINA in USD was 0.12 USD, recorded on May 3, 2021. The lowest price of LINA was 0.00 USD, recorded on August 6, 2024.

According to CoinCodex's LINA price prediction, the price of LINA is expected to drop by -7.06% and reach $0.000586 by June 29, 2024. The LINA price prediction for 2025 is between $0.000585 and $0.00063, while the prediction for 2030 is between $0.0₆8711 and $0.0₅6607.

LINA is currently trading at $0.073 with a market cap of $95,337,510 and a 24-hour trading volume of $12,198,028. If LINA can reclaim the support zone of $0.074, it could move towards $0.112, $0.128, $0.149, $0.210, and $0.309. Good bidding areas for LINA are $0.066, $0.059, and $0.051. Failure to break the support at $0.051 would be detrimental for LINA.

Linear Finance's partnerships

Linear Finance has carefully selected its partners for their long-term growth, development, and sustainability potential. The company has partnered with notable names in the industry, including Moonrock Capital, Band Protocol, Huobi, NGC Ventures, Alameda Research, GBV, CMS, Kenetic, and Evernew Capital.

NGC Ventures, a managing partner, expressed enthusiasm about working with Linear Finance, citing the team's expertise in blockchain and financial markets. They believe that Linear Finance will become a leader in the DeFi ecosystem, particularly in liquid asset creation. Hex Trust, another partner, focuses on ensuring the security of Linear Finance's digital assets and exploring integration opportunities to offer staking and governance features to its clients.

The co-founder of #HASHED also expressed confidence in Linear Finance's technical and financial expertise and the potential for the protocol to gain traction within the Korean crypto community with proper guidance and exposure. Linear Finance's partnerships demonstrate the company's commitment to long-term growth and sustainability, and they have chosen their partners strategically to achieve these goals.

The Linear Finance network is secured as an ERC-20 token built on the Ethereum network, leveraging one of the largest proof-of-work (POW) mining networks for token security. The network has been audited multiple times by Slowmist and Certik, resulting in high security scores. Linear Finance's partnerships and focus on security contribute to the overall reliability and potential of the project.

LINA's listing on Binance

The Linear Discount Sale saw an oversubscription of 892x, with 66,138 participants committing 5,840,577.1206 BNB. The token purchase price was set at 1 LINA = 0.00031044 BNB or 0.08537279 USD. Following the sale, Binance opened trading for LINA/BTC, LINA/BUSD, and LINA/USDT trading pairs on March 18, 2021, at 12:00 PM UTC. Users could deposit LINA in preparation for trading.

The listing of LINA on Binance is significant as it provides greater accessibility and liquidity for the token. Binance is one of the largest and most popular cryptocurrency exchanges, offering a wide range of trading pairs and advanced tools for users. This listing also helps to validate the credibility and potential of the Linear project, which is a decentralised delta-one asset protocol. Linear enables the creation of synthetic assets, known as "Liquids," providing users with access to traditional assets such as commodities, forex, and market indices.

The LINA token is an ERC-20 token built on the Ethereum network, serving as collateral for Liquids and facilitating community governance. With a total supply of 10 billion tokens, Linear utilises an inflationary system with a decreasing rate. The inflation rate is initially set at 75% but is subject to modification through the Linear DAO.

Linear's decentralised delta-one asset protocol

Linear is a decentralised delta-one asset protocol that enables the creation of synthetic assets with unlimited liquidity. The project aims to bridge the gap between traditional finance and decentralised finance (DeFi) by allowing users to access traditional assets like commodities, forex, and market indices through cryptocurrency.

The Linear protocol consists of various products, including Linear.Buildr, a DApp used to manage "Liquids" (synthetic asset tokens) using Linear's native token, LINA, and other tokens as collateral. LINA is an ERC-20 token built on the Ethereum network, and it serves multiple purposes within the Linear ecosystem. Firstly, it acts as collateral for creating Liquids. Secondly, it enables community governance, as all LINA token holders have access to the Linear DAO, allowing them to vote on various initiatives and proposals that shape the development of the Linear platform.

One of the key advantages of Linear is its cross-chain compatibility. While most DeFi platforms are built on the Ethereum blockchain, Linear also supports other EVM-compatible chains, such as the Binance Smart Chain. This cross-chain approach helps reduce fees and solves the oracle frontrunning issue that can occur with some Ethereum-based protocols.

The Linear exchange offers unlimited liquidity for Liquids and significantly reduces settlement timeframes, making it attractive to high-frequency traders and those using algorithmic trading software. Additionally, Linear's custom-built swap functionality helps save gas fees and enables the composability of LINA tokens across different blockchains, positively impacting the LINA price.

The project has gained support from notable partners, including Moonrock Capital, Band Protocol, Huobi, NGC Ventures, and Alameda Research. Linear's ability to provide access to synthetic traditional assets and its focus on enhancing inclusiveness in the investment space make it a unique proposition in the DeFi landscape.

LINA's inflationary system

LINA is the native token of the Linear Finance ecosystem, with a total supply of 10 billion LINA tokens. It is an ERC-20 token built on the Ethereum network, serving multiple purposes within the protocol.

One of its primary uses is as collateral for minting synthetic assets known as "Liquids". LINA tokens serve as the base collateral, but users can also use other digital assets like ETH and wBTC to cover a portion of this base collateral. This collateral is pledged to secure the system and protect against volatility.

LINA also plays a crucial role in the governance of the Linear Finance protocol. LINA token holders have the right to participate in the Linear DAO, which gives them a say in the development of the Linear ecosystem. They can vote on proposals, modify the protocol, and regulate transaction fees and inflation rewards.

Another important aspect of LINA is staking. Users can stake LINA tokens to validate transactions, secure the blockchain, and earn rewards. Staking also provides users with a more active role in the governance of the protocol.

Furthermore, LINA can be used as a means of exchange within the Linear ecosystem, facilitating transactions and trading activities. It is also used for yield farming, where stakers can earn additional rewards by helping to maintain the debt pool and supporting the overall platform.

Now, let's delve into the details of LINA's inflationary system:

Linear Finance utilizes an inflationary system with a decreasing rate until a terminal floor is reached. This means that the inflation rate starts at a higher percentage and gradually decreases over time. Specifically, the inflation rate is initially set at 75%, but this decreases at a rate of 1.5% per week. It's important to note that this inflation rate is subject to modification if a consensus is achieved by the Linear DAO, as the community plays a vital role in governing the protocol.

The inflationary system is designed to encourage active participation and contribution to the Linear Finance ecosystem. By incentivizing users to engage in activities like staking, yield farming, and governance, the protocol aims to stabilize the total LINA supply in circulation over time.

The inflationary model also has implications for the value of LINA tokens. With a decreasing inflation rate, the protocol can manage the supply and demand dynamics of the token. This mechanism can help control the number of tokens in circulation, potentially influencing the token's value and providing a more sustainable economic model for the Linear Finance ecosystem.

In summary, LINA's inflationary system is a key feature of the Linear Finance protocol. It encourages user participation, contributes to the stability of the ecosystem, and helps manage the supply and demand of the token. The decreasing inflation rate provides a unique approach to tokenomics, and the involvement of the Linear DAO adds a layer of community governance to the process.

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