. What is Linear (LINA)? Here is the Crypto Currency LINA Coin in All Details – In this article, What is Linear (LINA)? We will answer the question and try to present details about the project.
What is Linear (LINA)?
Linear is a cross-chain compatible decentralized synthetic asset protocol that allows users to create, trade and manage synthetic assets cost-effectively and quickly.
Linear is built on both Binance Smart Chain and Ethereum, allowing users to trade Linear’s assets in both DeFi ecosystems and use them as DeFi building blocks.
LINA is Linear’s native utility token with the following use cases:
Management: LINA token holders will be able to vote on protocol issues such as synthetic asset lists, fee revenue splits, collateral rate and other Lienar improvement proposals.
Staking: LINA token holders can stake and collateral LINA tokens in the protocol to generate ℓUSD.
ℓUSD can be used to purchase synthetic assets in Linear Exchange or in other DeFi protocols.
ℓ Users creating USD are eligible to receive staking rewards and a share of transaction fees generated in Linear Exchange.
What is LINA Token?
Linear is a cross-chain compatible decentralized synthetic asset protocol for creating, trading and managing synthetic assets cost-effectively and quickly.
This is achieved by leveraging fast public blockchains such as BSC as a solution. This provides scalability and cost savings against existing solutions and connectivity between DeFi assets across different blockchains.
Linear’s first cross-chain integration is with BSC and then with Polkadot. Although Linear’s transactions are conducted on the BSC, Linear maintains the connection with the Ethereum network through the exchange functionality. This allows users to convert their Fluids between Ethereum (ERC-20) and BSC (BEP-20), providing reproducibility and accessibility between DeFi protocols on Ethereum and BSC.
LINA token holders will be able to participate in the Linear DAO and vote on protocol issues such as synthetic asset lists, fee revenue splits, collateral rate and other Linear improvement proposals. At a later stage, Linear DAO will also vote on the distribution of staking rewards and reserve tokens.
Note that the linear token is listed on the crypto currency exchange Binance.
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