Hello, LineaBank community!

We are excited to share our plans leading up to our mainnet launch. This guide will help you become familiar with our short-term launch plan and ease your onboarding to LineaBank. We are planning various community airdrop events and invite you to join us in launching LineaBank, which will eventually become the most powerful money market in the Linea ecosystem.

Pre-launch events timeline:

1. Testnet

2. Pre-mining period (Liquidity Bootstrapping)

3. IDO

4. Mainnet

Testnet

First, we have the current stage of the testnet. The testnet is a period to explore the powerful features of LineaBank's mainnet before its launch and to test the app's functionality in a 100% non-upgradable and fully on-chain environment with no bugs.

During the testnet, you can perform tasks with Zealy and give us feedback on your experience and share it with the world. High-quality feedback will be selected as a winner, who will share in a prize pool of 500 USDC and 3000 G.ETH.

In the last four days, we've already seen over 10,000 transactions, and many of our users have continued to use Linea Chain despite the extreme conditions it's facing. Our product is nearing completion, and we have confirmed that it works well. We will be auditing all code and smart contracts in the near future.

Pre-Mining Period

A money market needs plenty of liquidity from the start. So, to bootstrap liquidity and get off to a great start, we will open a lending pool on the Linea mainnet before the IDO. All farmed rewards will be 100% real LAB tokens and will be available for claiming at the end of the IDO. For our early supporters, we have set aside 2,000,000 LAB as rewards, which is 2% of the total tokens.

The pre-mining period will last seven days and will start at the same time as the Linea mainnet launch. Get your funds ready and get excited for the mainnet launch of LineaBank!

IDO

This is a presale of LAB tokens. It will be conducted only through public sale so that both whitelist users and regular users can participate, and the method is overflow. You can purchase LAB tokens with strong utility and price support functions at a discounted price before LineaBank's mainnet launch. The seven-day IDO overflow pool will offer farming bonuses for deposited assets, so don't miss the opportunity to participate in our IDO.

- What is the Overflow Method?

The overflow method presale is a new token sale mechanism designed to ensure fair and efficient token allocation during the initial offering. Anyone can participate at any time and to any extent, as it is not FCFS.

LineaBank Mainnet

With various launch partners, LineaBank will launch soon after the IDO ends. LineaBank is almost ready for the mainnet, ready to become the most powerful money market on Linea and to safely secure users' assets.

We are also exploring ways to bootstrap liquidity with multiple counterparties, including additional lending pools. For example, we're working with other bridge networks to bring assets like LSD/LST to the Linea mainnet (we could be LSD-fi!), and we're working on ideation to gather more liquidity (we're actually in talks with several).

That's it. If a new chain launches, infrastructure such as DEX/Lending will benefit from its ripple effect. We have several airdrop plans prepared to repay the early supporters who drove LineaBank's initial growth, so join our community and find out more information.Website | Twitter | Discord | Docs