Binance is excited to bring another Launchpad subscription format to our standard listing process for Linear (LINA). Users will be able to purchase LINA tokens using BNB at a 30% discount prior to the trading start time. The subscription period will start shortly at 18.03.2021 10:30 AM and will be open for 4 hours.
The recording of BNB balances for this session is already complete, and was recorded for 7 days between 11.03.2021 5:30 AM to 18.03.2021 5:30 AM. This was mentioned in our previous Launchpad announcement, where the recording of BNB balances may start before an announcement is made.
Binance will list Linear (LINA) in the Innovation Zone and open trading for LINA/BTC, LINA/BUSD and LINA/USDT trading pairs at 18.03.2021 5:30 PM. Users can start depositing LINA now in preparation for trading.
LINA Discount Sale Details:
- Token Name: Linear (LINA)
- Discount Sale Hard Cap: 1,800,000 USD
- Discount Sale Token Price: 1 LINA = 0.00031044 BNB (0.08537279 USD, using a BNB price of 275 USD)
- Hard Cap Per User: 35,140 LINA (3,000 USD or 10.90909091 BNB, using a BNB price of 275 USD)
- Tokens Offered: 21,084,000 LINA (0.21084% of Total Token Supply)
- Total Token Supply: 10,000,000,000 LINA
- Current Circulating Supply: 1,541,731,678 LINA (15.4% of Total Token Supply as of 18.03.2021)
- Discount Sale Format: Subscription
- Supported Sessions: BNB only
• BNB Calculation Period 11.03.2021 5:30 AM to 18.03.2021 5:30 AM: During this period, user BNB balances were calculated in hourly snapshots for each day over a 7-day period. Your average daily BNB balance over these 7 days will determine the maximum amount of BNB that you can commit later on.
• Subscription Period 18.03.2021 10:30 AM to 18.03.2021 2:30 PM: Subscription will open at this time for all eligible users for a 4 hour period. Users must also sn the Token Purchase Agreement at the same time, prior to committing their BNB. Please note that once committed, your BNB will be locked and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until final token distribution.
• Calculation Period 18.03.2021 2:30 PM to 18.03.2021 3:30 PM: Subscription closes and token allocation calculation begins. Detailed calculation rules can be found here.
• Final Token Distribution 18.03.2021 3:30 PM: Your final token allocation will be calculated and the corresponding BNB will be deducted from your already-locked BNB amount. Once deducted, your LINA and BNB tokens will both be transferred to your spot wallet.