This article explains how to buy LINA with INR on KoinBX Android App, an emerging global crypto exchange. LINA is a functional multi-utility governance token used as the native token and economic incentives that are distributed to encourage users to contribute and participate in the Linear ecosystem. This creates a conjointly beneficial system where every participant is fairly compensated for their efforts. LINA is an integral and indispensable part of Linear as without LINA, there would be no incentive for users to disburse resources to participate in activities or provide services for the benefit of the whole ecosystem on Linear.
In addition, LINA will be awarded to a user based on their actual usage and contribution efforts. It is equivalent to the frequency and volume of transactions. Incentives will not be given to LINA users or holders who did not actively participate. LINA is an ERC-20 token that runs on the Ethereum blockchain. The main purpose of LINA is it can be used as collateral and also used for community control of the Linear Network protocol. All LINA holders are allowed to access the Linear DAO and vote on various proposals and initiatives, assisting to shape the development of the Linear ecosystem.
In 2020, Drey Ng and Kevin Tai cofounded Linear Finance with a small team. Drey Ng is the Chief Product Officer of Liquefy, a crypto platform providing access to tokenized collaterals with lower barriers. Holding several years of experience in the fintech industry, Drey is also a blockchain instructor in Hong Kong. Kevin Tai was the vice president of Credit Suisse Bank in Hong Kong and an investment banker. Graduated from Harvard Business School, Kevin holds more than a decade of experience in the economy sector.
In addition to digital assets, Linear enables customers to access traditional assets through dynamic price feeds to solve the systemic issues with Decentralized Exchange (DEX) protocols. LINA tokens serve as the base collateral for minting Liquids. But, customers can also use other digital assets to cover 20% of this base collateral. The Linear Exchange provides unlimited liquidity for Liquids and reduces the settlement timeframe to one second per block making it suitable for high-frequency traders and users running algorithmic trading software. Users of Linear Finance could access synthetic traditional assets and equities in the near term. The cross-chain technique aids Linear networks reduce fees and solves the Oracle frontrunning issue happening with existing protocols on the Ethereum network.
The unique feature of Linear Finance is its proposed liquidation mechanism operating based on community governance. LINA holders can select the transaction fees and the amount to be owed to the insurance fund, through voting.
Linear uses Proof-of-Work (POW) mining networks to protect its tokens as an ERC-20 token established on the Ethereum Network. The LinearDAO was created to empower LINA holders to vote on proposals that ensure the development of the Linear Finance ecosystem along the path desired by its users. The actual Linear Finance protocol is trustless and can be updated based on Ethereum smart contracts whenever required.
Token Name: Linear Finance
Ticker Name: LINA
Total Supply: 10 Billion
Circulating Supply: 4.1 Billion
The main objective of the LINA token is to provide a superior user experience with high speed and scalability due to the cross-chain capabilities of the Linear Finance protocol. Linear Finance aims to provide a simple solution for users looking for acquaintance with traditional assets while benefiting from blockchain technology.
How to Buy LINA?
Follow the below steps to buy LINA coins,
1. Signup with KoinBX.
2. Fill in the required details to create a trading account.
3. Complete your KYC verification process.
4. Add your bank account.
5. Deposit Fiat to your KoinBX account.