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Community fundraising Raise on Republic Tokenized assets Design, launch, manage tokenized assets
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Web3 services
Advisory Access veteran web3 advisors Infrastructure Stake your digital assets Tokenization Deploy your assets on-chain Asset management Explore digital asset funds
Institutional services
Capital fundraising Venture growth-stage funding
Broker dealer Regulated capital services

Linen isn't accepting new investments

Linen’s deadline was January 16, 2021

Follow the company to stay updated on their progress, including future investment opportunities


Explore new investment opportunities:
View companies raising now
Campaign ended
Logo of Linen

Linen
Sharedrop

Future equity in Linen App for early members
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Featured image of Linen
$24,103
Worth of future equity claimed
2,080
Participants
Successfully funded and closed on January 16, 2021.
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Closed on January 16, 2021. Information may not be up-to-date. Campaign closed on January 16, 2021. Information displayed may not be up-to-date.

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Linen Mobile, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Linen Crowd SAFE Linen App Form C-A 4.29.2020.pdf
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Hear from some of the 2,080 investors in Linen


Show more

Opportunity

  • The first app for non-tech savvy to invest in Decentralized Finance (DeFi)
  • Linen App is offering up to $300,000 investment in their company for early members
  • Access DeFi liquidity pools like the Compound interest rate protocol that do not depend on the performance of stock or bond markets
  • Backed by Coinbase, Polychain Capital, HashKey Capital, Youbi Capital, and Wyre
  • 6,000+ downloads, over 300 early access program participants as of April 2020
  • Your participation is technically an investment, but no USD payment is required
  • Participation is limited to U.S. residents

Ways to earn

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:

  • Maximum balance of assets managed via Linen App eligible for this Sharedrop is $50,000 for a maximum of $500 in future equity earned rewards. 
  • 1% APY earn can be independent of the Registration and Invite friends actions. 

Notes related to Linen App: 

  • Displayed APY (Annual Percentage Yield) is for illustrative purposes only and does not reflect the actual interest rate available in blockchain-based liquidity pools or through partners of Linen Mobile, Inc. 
  • Linen Mobile, Inc. is not a bank, and any digital cash (stablecoin USDC, cryptocurrency, digital assets) you manage through Linen App will not be stored in a bank. Funds managed using Linen App software and tools are not insured by the Federal Deposit Insurance Corporation (FDIC), Securities Investor Protection Corporation (SIPC), or any other federal, state, or local agency. 

Problem

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.

Solution

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.

Technology

  • The core of Linen App is a self-custody digital assets wallet that is integrated with liquidity pools (decentralized applications) on the Ethereum blockchain
  • Digital dollar (stablecoin USDC) issued by Circle/Coinbase
  • Payments processor and compliance provider

Decentralized Finance (DeFi) 

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.

Eligibility

Linen App will be available to U.S. residents first. This Sharedrop campaign is for U.S. residents only. 


TL;DR

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.


$1.6M in funding to date

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.


Ways to earn

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:

  • Maximum balance of assets managed via Linen App eligible for this Sharedrop is $50,000 for a maximum of $500 in future equity earned rewards. 
  • 1% APY earn can be independent of the Registration and Invite friends actions. 

Notes related to Linen App: 

  • Displayed APY (Annual Percentage Yield) is for illustrative purposes only and does not reflect the actual interest rate available in blockchain-based liquidity pools or through partners of Linen Mobile, Inc. 
  • Linen Mobile, Inc. is not a bank, and any digital cash (stablecoin USDC, cryptocurrency, digital assets) you manage through Linen App will not be stored in a bank. Funds managed using Linen App software and tools are not insured by the Federal Deposit Insurance Corporation (FDIC), Securities Investor Protection Corporation (SIPC), or any other federal, state, or local agency.

Deal terms


Investment

$0.00

For this Airdrop you will not contribute cash. Instead, You will provide an email address that the Issuer values at $0.01.

Valuation cap

$19,800,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Funding goal

$300K

Linen must achieve its minimum goal of $1K before the deadline. The maximum amount the offering can receive is $300K.
Learn more

Deadline
Linen needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Campaign progress

$24,103 raised from 2080 participants

2.4K% of the funding goal

Type of security

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. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Linen Mobile, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Linen Crowd SAFE Linen App Form C-A 4.29.2020.pdf

How this Sharedrop works

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.

What am I getting?

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.”

What is the valuation or valuation cap of the company?

Information on the pre-money valuation (or valuation cap) the company is raising with is available under “Deal Terms.”

Why would this company give away their equity for “free”?

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.

What do I need to do in order to receive an investment in the company?

You will need to complete the tasks described on the deal page.

Is there any payment required?

No, there is no monetary payment required.

Who can participate?

Anyone over the age of 18 can participate in this offering.

Do I need to make an account on Republic to participate?

Yes, participants must make a Republic account in order to claim their equity, shares, or investment.

Will this campaign show up under my Republic investor profile?

Yes, if you participate in a Sharedrops campaign you will be able to view this in your investor profile.

What security exemption is Sharedrops under?

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.

About Linen

Legal Name
Linen Mobile, Inc.
Founded
Jun 2018
Form
Delaware Corporation
Employees
2
Website
linen.app
Social Media
Headquarters
Google Map location of of Linen
44 Tehama Street , San Francisco, CA
Headquarters
44 Tehama Street, San Francisco, CA, United States 94105

Linen Team
Everyone helping build Linen, not limited to employees

Profile picture of Vitaly Bahachuk
Vitaly Bahachuk
Product
Featured in Superheroes · Read
Previously consumer loans affiliate marketing; Technology Investment Banking analyst @KeyBanc Capital Markets; Private placements associate at Kaufman and Company; Founded a Supply Chain Management software company; BS in Finance from CU Boulder
Profile picture of Alex Bazhanau
Alex Bazhanau
Engineer and System Architect
Previously high load systems engineer at Adform; IBM Research (Hyperledger Project); Lead Ethereum engineer @ Monetha; Member of the board of technical experts of the Distributed Ledger Association of Belarus; BS in Math and Computer Science from BSU
Profile picture of Max Okala-Kulak
Max Okala-Kulak
Product Design & User Research
Designed corporate-wellness reporting service for Fitbit from an early stage startup to an IPO; maps.me travel/navigation app (exit by acquisition), also “Best application of 2014” by Google; Designed MVP for somuchmore.de (exit by acquisition)
Profile picture of Max Machkasau
Max Machkasau
Advisor
Global business development and partnerships at Google. Previously: ran European operations and built partnerships for Kiva.org in San Francisco; Tech M&A consulting at KPMG Silicon Valley
1 more team member
Vitaly Bahachuk
Product
Alex Bazhanau
Engineer and System Architect
Max Okala-Kulak
Product Design & User Research
Max Machkasau
Advisor

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