Good news for you loyal traders of INDODAX because the crypto asset Linear Finance (LINA) Coin will be listed on INDODAX. Open deposits will start on July 5, 2023, at 14:00 WIB (GMT+7), and open trading will start on July 6, 2023, at 14:00 WIB (GMT+7).
LINA is an ERC20 token built on the Ethereum network whose main purpose is as collateral for Liquid (using Buildr) and for community governance of the protocol.
Interested to find out more? Check out all the complete information about the crypto asset Linear Finance (LINA) below!
Linear Finance Data and Information (LINA)
Drey Ng and Kevin Tai founded Linear Finance.
Drey Ng is the co-founder and current chief product officer of Liquefy, a platform that offers access to tokenized securities by lowering barriers to entry.
Kevin Tai is vice president of Credit Suisse in Hong Kong, a leading global wealth manager and investment bank.
Linear is a decentralized delta-one asset protocol that instantly creates synthetic assets with unlimited liquidity.
The project opens traditional assets such as commodities, forex, market indices, and other thematic sectors to crypto users by supporting the creation of “liquid” – Linear synthetic asset tokens.
The protocol consists of various products, such as Linear.Buildr, DApp, is used to manage liquids using Linear (LINA) and other tokens as collateral.
The exchange was created to enable the trading of various liquids with fast confirmation times and robust security.
All token holders have access to the Linear DAO, which allows them to vote on different initiatives and proposals, helping to shape the development of the Linear ecosystem.
Linear’s main goal is to provide a superior user experience with better scalability and higher speed thanks to the cross-chain capabilities of protocols.
Linear Finance intends to provide a simple solution for users who want exposure to traditional assets while still taking advantage of features only enabled by blockchain technology.
Features of LINA Linear Finance (LINA)
Even though Linear Finance (LINA) is built on top of the Ethereum network, the protocol allows users to access other supported chains and transfer assets to those chains.
In addition to digital assets, Linear allows customers to access traditional assets such as forex and commodities through dynamic price feeds that act to solve systemic, forward-running issues that occur with many decentralized exchange (DEX) protocols.
The LINA token serves as the basic collateral for printing liquid.
However, customers can use other digital assets, such as ETH and wBTC, to cover 20% of this basic guarantee.
Linear Exchange provides unlimited liquidity for Liquid and lowers settlement time to as low as one second per block, making it suitable for high-frequency traders and those running algorithmic trading software.
In time, Linear Finance users will be able to access traditional synthetic assets and eventually equity shortly.
The cross-chain approach helps Linear reduce costs and solve Oracle front-running issues that can occur with some of the existing protocols on Ethereum.
One of the most unique features of Linear Finance is the proposed liquidation mechanism, which will be decided based on community governance.
LINA holders can help choose transaction fees and how much to allocate to the insurance fund, among others, through voting.
Linear Finance (LINA) Crypto Asset Rating Update
The updated CoinMarketCap ranking is #296, with a live market capitalization of USD 74,551,264. It has a circulating supply of 5,447,964,675 LINA coins and a maximum. Supply of 10,000,000,000 LINA coins.
How to Buy Crypto Asset Linear Finance (LINA) Coin on INDODAX
Those who want to buy the Linear Finance (LINA) coin crypto asset can buy it on INDODAX starting July 6, 2023, at 14:00 WIB (GMT+7). Here below is a tutorial on how to buy it:
- Those who still need to become a member can register directly at INDODAX.
- After that, make a deposit, and if you need clarification, you can read how to make a deposit here.
- After your deposit and balance are entered, you can return to the INDODAX market.
- Look for the Linear Finance (LINA) coin on the IDR market, then click it
- After entering, you must buy by filling in the balance and at what price you want to buy LINA. You can also buy it instantly or directly at the current price.
- After that, you need to wait for the price to increase for some time
- After the price increases, you can sell at a higher price with the instant method.
- If you sell with the limit method, you can place an order after purchasing. Make sure you enter a higher number when selling.
How about Lina Coin? Interesting right? What are you waiting for? Keep an eye on the open deposit on July 5, 2023, at 14:00 WIB and open trading on July 6, 2023 at 14:00 WIB.
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