Linear Finance (LINA) is a decentralized finance (DeFi) platform that offers a seamless trading experience and access to various financial tools. It allows users to create synthetic assets called "Liquids" using LINA tokens as collateral, providing exposure to traditional assets like commodities, forex, and market indices. The platform is built on Ethereum and is cross-chain compatible, ensuring lower transaction costs and higher throughput. LINA is the utility token used for staking, governance, and creating Liquids, and its value is derived from its utility and governance functions.
Linear (LINA) is the native token of the Linear Finance ecosystem, serving multiple purposes within the protocol. Here are the primary uses of LINA:
Collateral: LINA is used as collateral to mint ℓUSD, the protocol's stablecoin, and to create synthetic assets known as "Liquids" through the Buildr platform. This collateral is pledged to secure the system and protect against volatility.
Governance: LINA token holders have the right to participate in the Linear DAO, which oversees the governance of the protocol. They can vote on proposals, modify the protocol, and regulate transaction fees and inflation rewards.
Staking: Users can stake LINA tokens to validate transactions, secure the blockchain, and earn rewards. Staking also provides users with a say in the governance of the protocol.
Payments: LINA can be used as a means of exchange within the Linear ecosystem, facilitating transactions and trading activities.
Yield Farming: LINA stakers can earn additional rewards through yield farming, which helps maintain the debt pool and supports the overall platform.
These diverse use cases make LINA a crucial component of the Linear Finance ecosystem, enabling users to engage in various activities and benefit from the protocol's features.
To store Linear (LINA) tokens, you can use various methods and platforms. Here are some options:
Trust Wallet: You can add Linear Finance to Trust Wallet, which offers a secure way to store, manage, and trade your LINA tokens.
Guarda Wallet: Guarda provides a multi-currency wallet where you can create a Linear Finance wallet to store, send, receive, and manage your LINA tokens.
KuCoin Account: You can store Linear tokens in your KuCoin account, which allows you to hold, trade, and earn with your LINA tokens.
Binance Account: After buying Linear Finance on Binance, you can store it in your Binance account or transfer it to a personal crypto wallet.
Non-Custodial Wallets: You can also store Linear tokens in non-custodial wallets, which provide more control over your assets.
These options offer secure and convenient ways to manage your Linear tokens.
To buy Linear (LINA) tokens, follow these steps:
Open an Account:
- Sign up on a cryptocurrency exchange like MEXC, Bit2Me, or Kriptomat.
- Verify your account by providing identification and other necessary details.
Add Funds:
- Deposit funds into your account using methods like credit cards, bank transfers, or other supported payment options.
Buy LINA:
- On MEXC, click on the "Buy Crypto" link and select Linear Finance (LINA) from the available options. You can also buy a stablecoin like USDT first and then use it to purchase LINA.
- On Bit2Me, buy Ethereum (ETH) first and then transfer it to a MetaMask wallet. From there, you can exchange ETH for LINA on a decentralized exchange (DEX) like PancakeSwap.
- On Kriptomat, select "Buy" and choose Linear from the list of cryptocurrencies. Enter the amount and confirm your purchase.
- Store or Trade:
- Once you have purchased LINA, you can store it in your exchange wallet or transfer it to a personal wallet for safekeeping.
- You can also trade LINA for other cryptocurrencies or use it for staking and other activities on platforms like Linear Finance.
