LineaBank - The Next Crypto Gem On Linea Ecosystem

As a trader, I will give some points to look out for before venturing into Cryptocurrency trading;

1. "Cryptocurrency trading is very volatile, as much as you can make a massive gain(s) so also you can make great losses but one thing you should keep in mind is do not trade with what you cannot afford to lose.

2. Do not trade with emotion/revenge.

3. When trading cryptocurrency (degen), you might need to gain in-depth knowledge of cryptocurrency but try as much as possible to be fast like a bot and think like a dev.

4. Always do your own research (DYOR) before getting into a trade. This could save you from buying a lot of scam coins or tokens.

That is not all but let’s look at this project I am about to share with you and the great utilities that are in existence for the exposure to the next Millions and Hundreds of million Market Capitalization.

This gem is built on an excellent user interface, "A simple yet outstanding money market built for Linea Ecosystem" they say!

LineaBank is the notable lending protocol built Linea Ecosystem.

LET'S GO DEEP!

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Did you know that SyncBank has been rebranded as LineaBank on the Linea public testnet. 

According to the team, this rebranding provides an opportunity for LineaBank to grow and develop alongside Linea's technology and ecosystem.

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CONTENT

% What is LineaBank ♋️

% What Are the Key Features of LineaBank ♋️

% The Tokenomics 🪙

% Airdrop Plans👛

% Testnet Plans 👨‍🏭👨‍💼

% Where To Get Information (Official Links) ℹ️

% Conclusion ✍️

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What Is LineaBank?

~ LineaBank is a money market on LineaBuild ♋️

~ LineaBank Token Ticker is $LAB 

What Are the Key Features of LineaBank ♋️

~ Revenue Sharing

~ Yield Boosting

~ Automatic Buyback Systems

1. Revenue Sharing:- Distributes platform fees to users weekly, proportioning to each user's stake.
2. Yield Boosting:- Elevates users' annual percentage rate (APR) based on each user's $LAB stake.
3. Automatic Buyback Systems:- LineaBank distributes most of the protocol's revenue to $LAB stakes. When revenues are claimed, tokens are used for $LAB token buyback, creating buying pressure and encouraging users to hold their $LAB.

The Tokenomics 🪙

~ Name: LAB (LineaBank token)

~ Ticker: $LAB

~ Chain: Linea testnet

~ Max supply: 100,000,000 LAB

~ Contract: TBA

Airdrop Plans 👛

~ #BankerPepeV2, which was planned as a reward, will be claimable through a separate airdrop page at a ratio of 1000:1 with $LAB 

~ For example) 100,000 BankerPepeV2 → 100 LAB 

It was announced that the airdrop page is expected to be released within 2-3 weeks

~ Members will be able to claim it after the Linea #mainnet launch.

~ The $LAB airdrop will have a vesting period and will be adjusted within 3-6 months. Therefore, users included in the previous snapshots 1 and 2 will get an updated token allocation sheet to check their share. 

Testnet Plans 👨‍🏭👨‍💼

~ LineaBank Incentive Testnet will begin soon. The purpose of the testnet is to verify the stability of the protocol's working mechanism and to get an early experience of the protocol.

~ The incentive testnet program will run for two months with rewards.

~ During the first month, rewards will be in stablecoins, while during the second month, rewards will be in LineaBank's governance token, $LAB. 

~ Tasks will be released via Zealy.

Where To Get Information (Official Links) ℹ️

🌎 Website

🐦 Twitter

📃 Documentation

📖 Medium

💶 Zealy Quest 

Conclusion ✍️

~ Be active in the LineaBank community and grow with the project on the Linea Ecosystem.

~ LineaBank will keep building, supporting, engaging, and being patient with $LAB ♋️

Hope This Was Helpful?

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