Fueling an Easier Cross-Asset Trading, BitMax.io Announced the Listing of LINA

October 7th, 2020 at 8:05 am UTC · 4 min read

Fueling an Easier Cross-Asset Trading, BitMax.io Announced the Listing of LINA

BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of Linear Finance’s token (LINA) under the trading pair of LINA/USDT on October 6th at 10:00 a.m. EDT. Deposit and withdrawal of LINA will start 12 hours in advance at 10:00 p.m. EDT, October 5th.

Linear Finance is the first cross-chain compatible decentralized delta-one asset trading protocol that allows users to create and trade synthetic assets (Liquids) in a seamless, cost-effective, fast, and secure manner. Currently, exposure and cross-asset investment arrangements require a long settlement time of T2+, resulting in an adverse price movement for traders. Linear Finance explores the tremendous value in seamlessly gaining and switching exposures for cross-asset investment by offering users instant settlement on the blockchain.

LINA, used for collateral and governance, is the native token of Linear Finance. LINA is the base collateral to mint LUSD, which is utilized to build synthetic Liquids. The LINA debt pool functions as the backbone of the protocol, as it enables decentralized trading with infinite liquidity while rendering no counterparty or slippage. Token holders of LINA are entitled to participate in the LinearDAO, which allows them to access proposing, voting, and initiating governance decisions about the platform as the protocol matures towards a DAO structure in the long term.

Aside from Linear Finance’s cross-chain compatibility that reduces gas fees, block times, and adds TPS, the platform’s market making design mechanism incentivizes actions to stabilize the collateralized debt pool, thus preventing debt pool inflation. When users trade on Linear Finance, they also benefit from dynamic price feeds with higher refresh frequencies (as much as one second).

With regards to the listing collaboration, Shane Molidor, Global Head of Business Development at BitMax.io, addresses,

“The listing of LINA renders a strong start of October for BitMax.io. With the help of Linear Finance’s cross-chain compatibility, BitMax.io sees the future possibility where cross-asset trading can be achieved with higher speed and more security, which ultimately would mitigate unnecessary price loss for traders.”

BitMax.io will also join as a liquidity provider once Linear Finance’s mainnet is launched and offer its users a variety of services regarding synthetic assets issued on the Linear Finance platform, including, but not limited to, the minting of synthetic assets and staking of the LINA Token. BitMax.io will further support the Linear Finance ecosystem by listing its native stablecoin – LUSD, once it is launched.

About BitMax.io

Launched in August 2018, BitMax.io is a leading digital asset trading platform with a broad range of financial products and services for both retail and institutional clients, with robust design ranging from innovative volatility products to margin trading, derivatives trading, staking products, and other investment solutions.

For more news and latest updates please feel free to join BitMax.io community in Telegram, Twitter and Medium.

About Linear Finance

Linear Finance is a decentralized delta-one asset protocol with unlimited liquidity. The platform is built with a focus on its community, with whom it will work relentlessly via the LinearDAO to create Liquids that the community wants. Linear Finance will launch its testnet on October 20th, followed by a mainnet launch in a month on November 20th. LinearDAO governance will be achieved in Q1 2021, along with EVM-chain compatibility.

The Linear Finance team consists of people with profound expertise and frontline experience in technology and finance. Co-founder Drey, former Chief Product Officer at Liquefy, brings a wealth of experience creating institutional-ready products with interoperability focusing on high throughput, security, and scalability on leading blockchains, including Ethereum, Quorum, and NEO. Co-founder Kevin graduated with an MBA from Harvard Business School and boasts over 13 years of financial and business leadership experience in investment banking, mergers, and acquisitions.

For more news and latest updates please visit Linear Finance in Telegram, Twitter and Medium.



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