Worth of future equity claimed
$12,410
Participants
3416
Time left
86 days
The participation in this sharedrop is an investment done via regulation crowdfunding. How it works
Once you click participate and join the Rewards program, you can earn Rewards by downloading Linen App from the App Store or Google Play and complete registration to secure your spot on the waitlist. You can earn even more Rewards by inviting your friends to join the Linen App as well!

We are launching Linen App now because we saw a knowledge gap between the tech and finance savvy who earn high yield using stablecoins (pegged 1:1 to the U.S. dollar) and the rest who do not know how to use services powered by blockchain-based technologies. Linen App lowers barriers to entry to these emerging markets for everyone. Linen Cash, a cash management service powered by liquidity pools on the Compound protocol, was created with that idea in mind. Linen Card, a debit card to spend Linen Cash, will be launched later.
We have raised funds from the leading fintech investors including Coinbase, Polychain Capital, HashKey Capital, and Wyre Capital. Now, we want to build a community and reward our early users in the form of future ownership in Linen App. Our early users can benefit from our success, if we do well. You, our community, are the key reason we exist.
Yields on fixed income investments in the U.S. are correlated with the Fed Funds Rate (key interest rate benchmark in the U.S.) and debt capital markets and are trending downward. Fed Funds Rate was cut by 0.25% in August, September, and October 2019, a 0.75% decrease within a short timespan. Savers and investors have to find less liquid investment options that generate higher returns or have to accept lower returns to stay in liquid investments.

*FLRN Bond ETF is SPDR® Bloomberg Barclays Investment Grade Floating Rate Bond ETF (FLRN) is a 30 Day SEC Yield as of Nov 07, 2019. Adjusted Net Annualized Return for Lending Club, according to https://www.lendingclub.com/info/statistics-performance.action as of Nov 27, 2019. Linen Сash APY shown as as of Nov 30, 2019.
Linen App 💸 is an iOS and Android app that provides access to liquidity pools on the Ethereum blockchain. Interest rates in liquidity pools accessed using Linen App do not correlate with traditional financial markets. Users of Linen App have the ability to supply funds to these liquidity pools and earn interest. Interest is paid by borrowers. Loans are collateralized by cryptocurrency and collateral ratio is monitored in real-time by the underlying Compound protocol.
U.S. dollars are converted to digital dollars (stablecoins, cryptocurrency) which are pegged 1:1 to the U.S. dollar.
Compound protocol allows to withdraw funds at any time.
We are planning to issue a Linen Card 💳 for the convenience of spending funds supplied to liquidity pools.
Mobile Wallet
Stablecoin USDC issued by Circle/Coinbase
Banking and payments API providers
Compliance layer
Linen App will be available to U.S. residents first. This sharedrop campaign is for U.S. residents only.
Notes:
* APY (Annual Percentage Yield) is variable and changes frequently based on the supply of digital assets (stablecoins) into the liquidity pool USDC on the Compound protocol and the demand for loans from the same pool. Historical yields are for references only.
Neither Linen Mobile, Inc. nor the Linen App set or control interest rates. The APY displayed on the linen.app website and in the mobile app is in real-time. The currently displayed interest rate may be lower or higher than it was stated previously.
Note that certain Linen App product features listed are currently in development and are not available.
Linen Cash is a cash management service that allows U.S. residents of certain states to supply digital assets (stablecoins, cryptocurrency) into the Compound digital dollar (stablecoin USDC) liquidity pool. Linen App is a software and service developed by Linen Mobile, Inc. Linen Mobile, Inc. is not a bank, and any digital cash (USDC) you supply using Linen App will not be stored in a bank. Funds supplied to Compound liquidity pools using Linen App software are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other federal, state, or local agency.
Supplying digital assets (stablecoins) to the Compound liquidity pool using Linen App involves risk, and you may lose all funds by accessing these pools through the Linen App. Historical interest rates on supplying digital assets (digital dollar, stablecoin USDC) to the Compound protocol is not an indicator that these rates will be available in the future. Although loans, borrowed from the Compound liquidity pool, are overcollateralized by digital assets (cryptocurrency) and monitored by third parties for liquidations in real-time, neither Linen Mobile, Inc. nor the Compound protocol can guarantee it will be monitored in the future. Compound Labs, Inc., the developer of Compound liquidity pools, has no legal obligation to provide software development support to its liquidity pools, and you should not expect that Compound Labs, Inc. will provide software development to its liquidity pools at any time. It is possible that Compound liquidity pools will not have enough liquidity at the time of withdrawal if the borrowing or withdrawal demand becomes high or for any other reasons.
Digital currency (cryptocurrency, virtual currency, stablecoins) is not legal tender, is not backed by the government, and Linen Cash is not subject to FDIC or SIPC (Securities Investor Protection Corporation) protections. Please refer to the Terms of Service located at https://linen.app/terms-of-service for disclosures.

Our team of ex-bankers, technologists, and product designers started working in Decentralized Finance (DeFi) about two years ago. Our first products were LoanScan, the leading analytics portal for loans issued on the Ethereum blockchain, and a digital assets lending platform. Check out the team below.
$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.
Crowd SAFE
·
Learn more
A SAFE is a Simple Agreement for Future Equity. An investor makes a cash investment in a company, but gets company stock at a later date, in connection with a specific event. The Crowd SAFE is a modified SAFE that is better suited for crowdfunding.
$1,000 – $300,000
Linen App
needs to raise
$1K
before the deadline.
The maximum amount
Linen App
is willing to receive is
$300K.
Learn more
Linen App needs to reach their minimum funding goal before the deadline
().
If they don’t, all investments will be refunded.
Learn more
$12,410 raised from 3416 participants
1.2K% of the funding goal
Form C
SEC.gov
The Linen App sharedrop is structured as a regulated crowdfunding campaign hosted by Republic. It has the same structure and complies with the same rules as other regulated crowdfunding offerings on Republic.
Participants in this Sharedrop receive a security called a Crowd SAFE, modeled after the Y Combinator SAFE. This agreement entitles holders to receive equity or cash in the future if Linen App gets acquired, goes public, or if certain other conditions are met. You can learn more about how the Crowd SAFE works here .
We want to develop a new type of relationship in which our users (we call them “members”) have an opportunity to benefit financially if Linen App does well. If our members love our app, they will help increase the app’s network effects by evangelizing the product. This could help us grow faster and become a more valuable company.
Building a consumer FinTech company offering new services such as a mobile wallet and access to Ethereum-based liquidity pools is not an easy task. 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 our product.
You will need to complete the tasks described on the deal page. These tasks include (i) downloading and fully registering for the Linen App, (ii) referring a user who signs up and registers for the Linen App using your referral code, or (iii) signing up and registering for the Linen App using someone’s referral code.
No, there is no USD payment required.
Any U.S. resident over the age of 18 can participate in this offering.
The valuation cap that Linen App is offering Crowd SAFEs at is $19,800,000. This is the same cap that the latest investors previously invested at.
Coinbase Ventures, Polychain Capital, HashKey Capital, and Wyre Capital have all invested in Linen App.
Earn the most Notes and win cool prizes like
iPhone or AirPods. Plus, receive a shout-out in our
newsletter and more Notes
Win a brand-new Apple iPhone 11 Pro with 256 GB of storage. In addition, winner will be featured in our newsletter, get 100 Notes, and a Republic swag pack.
Win a brand-new Apple Watch 5 Space Gray Aluminum Case with Sport Band. In addition, winner will be featured in our newsletter, get 50 Notes, and a Republic swag pack.
Win a brand new set of Apple AirPods. In addition, winner will be featured in our newsletter, get 30 Notes, and a Republic swag pack.
All runners up will get 5 Notes and a swag pack featuring their choice of a Republic t-shirt or hoodie, a pin and a sticker pack.
What other rules should I be aware of?
(Obviously) no cheating.
Fraudulent actions towards earning Notes will result in immediate disqualification.
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