Download Linen App from the App Store or Google Play for free. Complete registration to earn Rewards via Sharedrop. Then, invite your friends and manage assets using the app to earn additional future equity.
Notes related to the Sharedrop:
Notes related to Linen App:
Returns in traditional financial markets like stock and bonds in the U.S. depend on the performance of the broader economy. The stock market and interest rates usually fall and rise together. In other words, if the economy is not doing well, financial markets would reflect that.
We saw a knowledge gap between the tech and finance-savvy, who earn interest on digital assets (digital dollars, stablecoins) in Decentralized Finance (DeFi), and the rest of the public. Linen App provides a streamlined user experience for the non-tech-savvy to earn interest on digital assets supplied to blockchain-based liquidity pools. Our members can deposit and withdraw digital assets with a couple of clicks using their bank account.
In the past two years, a new field of programmable finance or DeFi has emerged. It attempts to recreate traditional financial services via a decentralized financial infrastructure that is based on blockchain technology. Approximately $770M of value has been held in DeFi applications as of April 24, 2020 according to DeFi Pulse. These opportunities are powered by autonomous interest rate and exchange liquidity pools on the Ethereum blockchain, such as Compound and others, and are difficult to access for the non-tech savvy.
Linen App will be available to U.S. residents first. This Sharedrop campaign is for U.S. residents only.
Linen App is an iOS and Android mobile wallet that allows our members to link their bank account, exchange dollars for digital dollars (stablecoins), and deposit digital dollars to liquidity pools on the Ethereum blockchain to earn interest.
Built by a team of ex-bankers, technologists, and product designers.
Leading FinTech venture investors, including Coinbase, Polychain Capital, HashKey Capital, Youbi Capital, and Wyre invested in us. Now, we want to build a community and reward our early users in the form of future equity in Linen App. Our early users can benefit from our success if we do well.
You, our community, are the key reason we exist.
Download Linen App from the App Store or Google Play for free. Complete registration to earn Rewards via Sharedrop. Then, invite your friends and manage assets using the app to earn additional future equity.
Notes related to the Sharedrop:
Notes related to Linen App:
$0.00
For this Airdrop you will not contribute cash. Instead, You will provide an email address that the Issuer values at $0.01.
$19,800,000
The maximum valuation at which your investment converts
into equity shares or cash.
Learn more
$300K
Linen must achieve its minimum goal of $1K before the deadline. The maximum amount the offering can receive is $300K.
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$24,103 raised from 2080 participants
2.4K% of the funding goal
Crowd SAFE
A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event.
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A Sharedrop is a way for companies to get equity, shares, or other investments in the hands of their community without asking their community to pay. Sharedrop campaigns are structured as regulated crowdfunding offerings hosted by Republic. They have the same structure and comply with the same rules as other regulated crowdfunding offerings on Republic.
Participants in this Sharedrop receive an investment (or a “security”) in the company. More information on the type of security is available under “Deal terms.”
Information on the pre-money valuation (or valuation cap) the company is raising with is available under “Deal Terms.”
Distributing equity (i.e. giving it away) is a great way to incentivize people to try a new service and gain new customers early on in the lifecycle of a product.
You will need to complete the tasks described on the deal page.
No, there is no monetary payment required.
Anyone over the age of 18 can participate in this offering.
Yes, participants must make a Republic account in order to claim their equity, shares, or investment.
Yes, if you participate in a Sharedrops campaign you will be able to view this in your investor profile.
Sharedrops operates under the Reg CF securities exemption. Both accredited and non-accredited individuals can participate, and companies can give away as much as $5M worth of equity in the business.
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