In addition to the continued creation of historical highs in the DeFi field, the development of the entire DeFi industry is very hot. Among these DeFi projects, LINA coin can be said to be one of the more popular projects. The full name of LINA in English is Linear Finance. It is a synthetic protocol for cross-chain derivative assets. This protocol is actually similar to the leading synthetic asset project Synthetix. However, as a rising star, Linear Finance is still somewhat different from its predecessor Synthetix. Its biggest advantage is that it has lower handling fees. Many investors still don’t know how much LINA coin is issued? Let the editor of the currency circle bring you an introduction to the total issuance and circulation of LINA coins.
Introduction to the total issuance and circulation of LINA coins
According to the investigation of the editor of the currency circle, the total issuance of LINA coins is 10 billion, the circulation is 1.542 billion, and the circulation rate is 15.42%. According to the latest market data, as of 11:28 on August 31, 2021, the price of LINA coins is 0.058167 US dollars, and its return on investment has reached 1063.34%. Its circulation market value is 89.6779 million US dollars, ranking 163rd in the world.
Linear employs an inflationary token economy with a decreasing inflation rate until it reaches the terminal layer. We share some of the same vision as Ethereum in that we both believe that immediate inflationary rewards are important for the explosive growth of the platform, while a long-term terminal inflation rate will help stabilize the supply of LINA throughout the cycle. The current initial inflation rate is set at 75% (tokens designated for staking), decreasing weekly, decaying 1.5% relative to the inflation rate, and changing at the influence of the LinearDAO. Stakers will receive these rewards proportionally each week, provided their ratio is above the threshold.
LINA is Linear’s native utility token and has the following use cases:
Governance: LINA token holders will be able to vote on protocol topics such as synthetic asset listings, fee revenue distribution, collateralization ratios, and other Linear improvement proposals.
Staking: LINA token holders are able to stake their LINA tokens into the protocol to generate ℓUSD.
ℓUSD can be used to purchase synthetic assets on Linear Exchange and can also be used in other DeFi protocols.
Users who create ℓUSD are eligible to receive rewards as well as a portion of the transaction fees generated on Linear Exchange.
Full text introduction TRB coin is the oracle token invested by Binance. The popularity of this coin is not very high. According to the investigation of the editor of the currency circle, the total issuance of TRB coins is 1.998 million, the circulation is 1.5839 million, and the circulation rate is 79.27%. According to the latest market data, as of 11:28 on September 1, 2021, the price of TRB coin is $51.5894
LINA Coin Project Introduction
1. Project Introduction
Linear Finance is a cross-chain compatible, decentralized delta-one asset protocol. Its great value lies in the fact that investors can invest easily and quickly, saving costs.
2. Project Vision
Increase the inclusion of investment assets (digital and traditional assets) and make investment opportunities in such assets accessible to the general public.
3. Market Demand
The rise of DeFi has brought about open, permissionless financial services solutions, and a variety of financial derivatives and synthetic asset exchanges have emerged. As trading enthusiasts, we hope to have such a synthetic asset exchange that allows us to establish or exit exposure to any asset class at any time, without being troubled by settlement delays and cumbersome procedures. However, existing synthetic asset exchanges have problems such as slow speed, difficulty in use, and high transaction costs, which are really hard to like.
IV. Project Solution
Linear is powered by the Ethereum-based Linear token (LINA) and synthetic assets based on other Ethereum Virtual Machine-compatible blockchains, making the staking, investment, and redemption processes easier, faster, and more cost-effective. At the same time, it pursues the development vision of cross-chain DeFi and provides a complete solution for DEX users to solve the problems of expansion and high transaction fees by linking different mainnet ecosystems.
To sum up, this is the answer from the editor of Coin Circle to the question of how much LINA coin is issued. I hope that this introduction to the total issuance and circulation of LINA coin can help investors have a more comprehensive and thorough understanding of LINA coin. The editor of Coin Circle would like to remind investors that there is not much public information about LINA coin at present. In the field of synthetic assets, Synthetix is a well-deserved top player, but the strength of latecomers like Linear Finance should not be underestimated. It is still unknown who will seize more market share in the end. If you want to invest in this currency, you can pay more attention to the development of this field.
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