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 Rwanda
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 Advcash, SEPA, Faster Payments, or PIX payment gateways 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 On-going challenges and promotions
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FAQ
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Rwanda is a country located in the great rift valley of Central Africa. Located a few degrees south of the Equator, Rwanda is bordered by Uganda, Tanzania, Burundi, and the Democratic Republic of the Congo. The official currency of Rwanda is the Rwandan franc (RWF), and Rwanda has a population of 13,676,660. It will only take a few minutes to buy LineaBank(LAB) and other cryptocurrencies on the Bitget platform from Rwanda using P2P trading, crypto deposit, and third-party merchants like Apple pay and Google pay.
Rwanda is beautifully surrounded by friendly cities like Kigali, Kicukiro, Rutongo, and Kacyiru. The exciting part is whichever city you are in Rwanda, Bitget will be there to provide you with a transparent and smooth crypto trading experience. The official languages of Rwanda are Kinyarwanda, French, Swahili, and English, and the Bitget app and website are available in French and English.
Popularly Known as the "land of a thousand hills," located just south of the Equator, the climate is pleasantly warm all year round. The country has four primary climatic regions: eastern plains, central plateau, highlands, and regions around Lake Kivu. Rwanda has very beautiful landscapes that feature forests, swamps, hills, mountains, and an expansive savannah. You can trade using the Bitget app and website in any location you find yourself in Rwanda.
Rwanda gained independence from Belgium in 1962. Rwanda was a German colony from 1883 until 1919, when it was converted to a League of Nations Mandate Territory following Germany's defeat by Allied Forces at the end of the First World War. Belgium formally accepted to administer the mandate territory on behalf of the League of Nations in 1923. Rwanda has many beautiful attractions, such as Kigali Genocide Memorial, Inema Art Center, Nyamata Church, Kimironko Market, Volcanoes National Park, 1000 Hills, and many others.