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Binance Completes the Linear Discount Sale and Will Open Trading for LINA
Binance
2021-03-18 10:00
Fellow Binancians,
Binance has completed the subscription format discount sale for Linear and the final token allocation results are now showing on the Linear Discount Sale Page.
Binance will list Linear (LINA) in the Innovation Zone and open trading for LINA/BTC, LINA/BUSD and LINA/USDT trading pairs at 2021-03-18 12:00 PM (UTC). Users can continue to deposit LINA in preparation for trading.
Note:
  • A total of 66,138 participants committed 5,840,577.1206 BNB during the subscription period, representing an oversubscription of 892x.
  • 137 participants reached the 35,140 LINA hard cap, resulting in their allocation being passed down to the remaining users. For further information on how this is calculated, refer to a detailed guide here.
  • The corresponding BNB tokens will be deducted from your already-locked BNB balance within 90 minutes of this announcement. Once deducted, your LINA and remaining BNB tokens will both be transferred to your spot wallet.
  • The token purchase price was set at 1 LINA = 0.00031044 BNB or 0.08537279 USD (using a BNB price of 275 USD) as per the previous announcement here.
  • LINA smart contracts: ERC-20, BEP-20.
As a reference for users that participated:
  • Users that committed 50 BNB received an allocation of 214.76716416 LINA and will have 0.06667232 BNB deducted.
  • Users that committed 500 BNB received an allocation of 2,147.67164178 LINA and will have 0.66672318 BNB deducted.
  • Users that committed 5,000 BNB received an allocation of 21,476.716418 LINA and will have 6.6672318 BNB deducted.
Further Information:
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Thanks for your support!
Binance Team
2021-03-18
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