Today we are opening registration for the $LNRA Community Round, an opportunity for our traders, badge claimers, extended community and outside participants to purchase $LNRA ahead of Season 1 and TGE.
With 50,000 traders, more than 80 million predictions and over 2 billion in test transactions, Linera is entering the final stretch before Mainnet launch of app.linera.xyz.
- Pre-Registration Period: Now - September 1st UTC
- Commitment Period: September 1st UTC - September 8th UTC
- Where: sale.linera.net
- How: powered using Sonar by Echo
- What: USDC on Base, fixed sale price / FDV
Round pricing, size and the full economic case behind Linera will be published on Friday, August 28, ahead of the sale opening.
This article covers everything that matters before then: the app and traders that drive Linera, how the round is structured, how allocations settle, why badges decide priority, and how our exclusive Commitment Credits guarantee that every participant leaves with value.
The product behind the round
lineraxyz is a real-time markets application built on the Linera protocol. Linera Originals are reactive games running on fast, PvP markets. Participants take positions against each other rather than against a house, in rounds short enough that the market itself becomes the game.
Homepage of app.linera.xyz
Markets that resolve in under a minute require settlement that resolves instantly. The Linera protocol was built for that condition. Every user operates a lightweight microchain, chains are validated in parallel, and capacity grows as users arrive instead of degrading under them. We will go deeper on the protocol and the business built on it in Friday's article.
For now, how to participate in the round 👇
Badges bring opportunity
The round is split into two pools, and badges are what separate them. Badges are earned daily in four unique lanes based off of trading and social activity via app.linera.xyz and claimed on the portal.linera.net the following day.
Two pools, prioritizing top traders
A Reserved Pool for badge holders from the Linera community exists to align token distribution with users of the platform first. Badge holder commitments settle before the open pool is processed. Claiming one makes a wallet eligible for the guaranteed pool immediately.
For active traders, check portal.linera.net to see your tier.
The ladder is open to anyone. It is not restricted to long-tenured users, so a participant who starts today can qualify on the same footing as someone who has traded throughout the testnet.
Higher badge tiers carry higher priority in the guaranteed pool, and ultimately depth of activity (total points) acts as the tiebreaker if the round is oversubscribed.
Example: A diamond badge claimer with the highest points who commits the most to the round gets the top allocation
The practical instruction is simple: claim now, climb as high as you can before September 1, and keep claiming daily. The habits that earn priority in this round are the same habits that will matter in Season 1: the trading season leading up to TGE.
The remaining commitments flow into the Open Pool. Open to everyone who completes registration. The pool fills pro rata, with a cap of $100,000 per wallet.
How the round settles
Details on how the round settles
Introducing: Commitment Credits
Every committed dollar earns one Commitment Credit, and one credit is one dollar of fee-free trading volume on app.linera.xyz during Season 1.
Credits are earned 1:1 on the entire committed amount, across both pools, including any portion that is refunded. The allowance is capped at $100,000 per verified user, and fees are waived until cumulative qualifying volume reaches the allowance.
Overview of Commitment Credits
The refunded portion is the part worth understanding. In an oversubscribed sale, most participants receive less than they asked for, and most projects treat that as the participant's problem. Here, a commitment that is partially filled still converts into the full in-app economic benefit of the amount committed, as fee-free volume on the product the raise exists to fund.
A participant who commits $50,000 and is allocated $10,000 receives $40,000 back automatically, and still holds $50,000 of fee-free Season 1 volume. Volume traded under credits also counts toward Season 1 activity in full, on the same footing as fee-paying volume. Nobody who backs the presale leaves empty-handed.
Tokenomics at a glance
The $LNRA Supply Distribution
Sixty-five percent of total supply sits with the community, between the reserve and this presale. Investors and early contributors together hold 25%, and every one of those tokens vests over three years from distribution.
The Linera Foundation will act as steward of the community reserve, directing distribution toward Seasons within lineraxyz and other growth and protocol initiatives.
Pricing and the size of this round will be published on August 28 with additional details on the Linera business model.
Timeline
Pre-registration live now
Eligibility / Restrictions
Listed details regarding eligibility and restrictions
How to get involved
- Create an account on app.linera.xyz and trade with 200 free coins
- Claim badges on portal.linera.net to qualify for the reserved pool
- Pre-register for the round @ sale.linera.net
- Stay tuned for Part Two
- Return September 1 to commit in USDC on Base
We will be following up throughout the week with Part II of our announcement on August 28.
This post is provided for information only. It is not an offer to sell or a solicitation to buy securities, and it is not investment, legal, financial or tax advice. Statements regarding mainnet, Season 1 and future protocol revenue are forward-looking and subject to change. Participation is subject to the sale Terms and Conditions, jurisdictional restrictions and identity verification. Digital assets carry risk, including total loss of the amount committed.
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