What is Linear Finance? How To Buy LINA Token In India?

What is Linear Finance?

The correlation between traditional assets like stocks and commodities and the crypto space has been increasing in recent times. Linear Finance is an Ethereum-based protocol that enables investors to trade derivatives of different ranges of assets using the native token of the platform, LINA, and LUSD. 

The platform aims to offer a seamless combination of traditional assets with crypto offering a superior experience with better scalability and greater speed. It achieves the goal through its ‘Liquids’ or Linear Synthetic asset tokens which represent different asset classes. The cross-chain capabilities of the platform are the core which is backed by the Ethereum and the partner chain networks. 

The Linear ecosystem is backed by the native token LINA which is designed to address the primary use cases including staking, governance, liquidity mining, transactional payments, and investing in the platforms ‘Liquids’ which are the synthetic assets created in the Linear Exchange.

Who Are the Founders of Linear Finance?

Linear Finance was founded by Kevin Tai and Drey Ng in September 2020. Kevin Tai currently serves as the platform’s CEO and graduated from UC Berkeley and further began his career in Silicon Valley. He carried a decade-long experience in collateralized debt and structured products for banks and conducted more than $20 billion worth of acquisition and divestment deals. 

Besides, Drey Ng, who is currently serving as the CTO of the platform completed his master’s in computer science. He worked in trade finance at Deutsche Bank and HSBC before entering the world of blockchain. The team also includes the chief Marketing officer Aedreon Marshall played an important role in crypto-partnership. The team also includes Lead Blockchain developer Jonathan Lei who contributed to the code base of EOS.

How Does Linear Finance Work?

The platform enables the users to mint and trade different synthetic assets which are based on actual financial assets which are over-collateralized by the LUSD stablecoin. This ensures the system’s viability which doesn’t break in times of extreme volatility including the black swan events. The network is made up of different protocols and the Buildr DApp, the core component holds the protocol together. 

The users can stake the native token LINA to mint the platform’s stablecoin LUSD  which allows the users to trade the liquids. The users can further lock LUSD into the vault and earn interest which is paid in LUSD, BUSD, and LINA. 

What Makes Linear Finance Unique-Uses Cases?

Faster Prices

The traders here can view the live price and refresh it as many times at higher frequency and much lower rates with the help of the oracle. 

Faster Transaction with Lower Fees

The cross-chain compatibility supports Ethereum and is EVM-compatible, due to which it achieves faster transactions with lower fees through a smart contract. 

Governance

The LINA token holders can vote on the synthetic asset listings, distribution models, oracle selections, etc and many more that may benefit the platform in the longer term. 

Linear Finance Price Analysis

Source: TradingView

• The LINA price has been trading below the crucial levels at 200-day MA for quite a long time and the recent upswing that began at the start of 2023, lifted the price above these levels
• However, the price has been rejected a couple of times and has formed a double top pattern which is considered as bearish
• The price is undergoing an acute bearish trend that may compel the price to slice through the interim resistance at $0.009 and test the 200-day MA levels for the third time
• The LINA price could ignite a rebound here, but if failed, the levels may drag below the crucial support zone and head towards the major support below $0.005
• However, it appears unlikely, as the RSI is approaching the oversold levels and may rebound, flipping the bearish trend at the lower support zone between $0.0062 and $0.0067

How to Buy Linear Finance in India?

To buy Linear Finance in India, just follow the below-mentioned steps:

• Download the CoinDCX App on your Smartphone
• Enter the details required for registration
• Complete KYC
• After your profile is verified, fund your wallet and buy a Linear Finance.