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.
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 needs to raise
$1K before the deadline.
The maximum amount Linen
is willing to receive is
$300K.
Learn more
Linen needs to reach their minimum funding goal before the deadline
().
If they don’t, all investments will be refunded.
Learn more
$24,966.91 raised from 2158 participants
2.5K% of the funding goal
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.
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