Linear Finance
Basics
- Founded in:
- Based in:
- Mainnet release:
"Linear claims to be the first cross-chain compatible, decentralized delta-one asset protocol that can create, trade, and manage synthetic assets."
History
Token
Launch
- The public sale of Linear's tokens is expected in mid-September, a spokesperson told CoinDesk (9-9-2020).
Token allocation
Utility
Token Details
Stablecoin
Tech
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
- Built on: Binance Smart Chain and Moonbeam (23-9-2020).
- Programming language used:
Transaction Details
How it works
Mining
Staking
Liquidity Mining
Layer Two
"Linear Finance has begun integrating with Binance Smart Chain as a layer-two solution to solve challenges facing existing synthetic asset protocols, according to the announcement."
Different Implementations
Interoperability
"Linear claims to be cross-chain compatible"
Other Details
Privacy Method being used
Compliance
Oracle Method being used
- Has a partnership with oracle network for off-chain data, Tellor (9-2020).
- Using Band Protocol for its synthetics exchange (28-1-2021).
Their Other Projects
DEX
Governance
DAO
Self Funding Mechanism
Upgrades
Roadmap
- Can be found [Insert link here].
Audits
- Bug bounty program can be found [insert here].
Bugs
Usage
Projects that use or built on it
Competition
Coin Distribution
Pros and Cons
Pros
Cons
- Took funding from Moonrock, which according to ZachXBT mainly funds cash grabs and straight up scams (10-12-2021). Although this not directly means that this project is then also scammy, it does mean that the founders did not vest their VCs well.
Team, Funding, Partnerships, etc.
Team
- Full team can be found [here].
"Alongside their investments, NGC founding partner Tony Gu and Hashed co-founder Ryan Kim will join Linear's advisory board."
Funding
"NGC Ventures, Hashed, CMS Holdings, Genesis Block and Kenetic Capital led the investment, while Alameda Research, Evernew Capital, Soul Capital, Moonrock Capital, Black Edge Capital and PANONY also participated. The funding will go towards accelerating the development of Linear's testnet and mainnet, as well as promoting its platform, the protocol's team said in a press release."
Partners
- Has a partnership with oracle network for off-chain data, Tellor (9-2020).
