What is LineaBank (LAB)?
LineaBank is a lending protocol launched in August 2023. Specifically developed on Linea, which is a product of ConsenSys' zkEVM, LineaBank leverages the capabilities of the Ethereum Virtual Machine. This particular technology foundation not only ensures transparency and security but also extends two vital attributes: privacy protection and enhanced scalability. The zkEVM, by functioning as an optimized blockchain protocol, gives LineaBank its distinct edge. Further setting itself apart, this non-custodial lending platform promises users complete autonomy over their funds while eschewing the traditional intermediaries, resulting in an efficient and decentralized money market.
How LineaBank (LAB) Works
On LineaBank, users are incentivized through multiple channels for their engagement and loyalty. Firstly, the Yield Boosting feature rewards users with augmented APR, a rate that is directly proportional to their $LAB token stake. This not only promotes the holding of $LAB tokens but also results in increased returns for the users. Secondly, the platform's Revenue Sharing system is designed to distribute platform fees among users on a weekly basis, with the distribution quantity contingent upon their token stake. But LineaBank's commitment to ensuring the sustainability of the $LAB token doesn’t end there. An automatic Buyback and Burn system has been integrated into the platform. Here, when users lay claim to their share of platform fees, the system initiates a buyback of $LAB tokens. This not only circulates the tokens back into the system but also sees a significant chunk of the protocol's revenue channeled into burning $LAB tokens.
How Many LineaBank (LAB) Tokens Are in Circulation?
LAB has a total supply of 100,000,000. The current circulating supply of LAB is unknown.
How to Buy LineaBank (LAB)
Consider investing in LineaBank (LAB)? It only takes 2 minutes tocreate an account on Bitget and start trading LAB.
Check out the available LAB trading pairs on Bitget!
Spot market
LineaBank (LAB) Resources
Simple 3-step guide to buying LAB today in Georgia
Create your free Bitget account
Select a funding method
Complete your LineaBank purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for LineaBank using a payment method of your choice:
Buy LineaBank with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your LineaBank order.
How to buy crypto with credit/debit cardBuy LineaBank with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into LineaBank is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your LineaBank order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your LineaBank order.Buy LineaBank with the fiat balance in your Bitget account
You can Deposit fiat funds using SEPA to top up your Bitget fiat balance. Then click Buy Crypto > [Cash conversion] in the top navigation bar to place your LineaBank order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor LineaBank in your Bitget spot wallet
Bitget—where the world trades LineaBank
How to buy LineaBank for free
- Learn how to earn LineaBank for free through the Learn2Earn promotion
- Earn free LineaBank by inviting friends to join Bitget's Assist2Earn promotion
- Receive free LineaBank airdrops by joining ongoing challenges and promotions
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FAQ
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Georgia is a country situated at the intersection of Eastern Europe and Western Asia. Part of the Caucasus region, Georgia is bordered by Russia to the north and east, the Black Sea to the west, Turkey to the southwest, Armenia to the south, and Azerbaijan to the southeast. It covers an area of 69,700 square kilometres with a population of 3.7 million people.
The Georgian government wastes no effort in attracting foreign visitors. With the Greater Caucasus Mountain Range as its northern border and Lesser Caucasus Mountains as its southern region, Georgia is indeed a mountainous country. These mountains, bestowed with over 2,000 mineral springs, make ideal places for a holiday retreat and physical rehabilitation. Georgia is also home to four UNESCO World Heritage Sites and 12,000 historical and cultural monuments. These attract almost 10 million tourists to Georgia each year, and Georgia plans to host 11 million visitors by 2025, further expanding the role tourism plays in its economy.
Georgian lari (GEL) is Georgia’s currency, and here at Bitget, you can buy LineaBank(LAB), and many other coins using GEL. Whether you’re in Tbilisi, Batumi, Kutaisi, or Rustavi, there’s no better place to trade cryptocurrency with ease than right here with Bitget. Our exchange uses a variety of secure methods, including P2P trading, crypto deposits, and other third-party merchants, such as Apple Pay, Google Pay, and numerous credit cards, to offer you plenty of payment options with proven security.