DeFi startup Linen App is doing a 'sharedrop' to US residents

DeFi startup Linen App is doing a 'sharedrop' to US residents

By DefiMoon | DeFiMoon | 28 Apr 2020


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I accidentally found out today the Linen App, a mobile app that gives retail investors easy access to ethereum-based liquidity pools and protocols like Compound, is doing a sharedrop for US residents.

Linen App is made by the dev team that created DeFi analytics portal LoanScan.io, which I am a big fan of. The data is always accurate and the interface is visually pleasing and functional.

The 'sharedrop' is being done via regulated crowdfunding campaign hosted by Republic, and all you have to do is download their app, pass KYC verification, and refer as many others via your referral code to increase your stake, which in turn gets you a 'Crowd SAFE'.

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In a nutshell, the Crowd SAFE is a financial agreement between you and Linen App, which gives you the right to receive shares/cash if the Linen App gets acquired or goes public in the future.

The great thing is that no upfront investment is needed here, all you have to do is promote, promote, promote. If you have no money to invest but have good marketing tactics and free time, you can set yourself up to benefit greatly from the rising popularity of decentralized finance with this opportunity. 

The total valuation of the Crowd SAFEs is capped at $19,800,000. Linen App already has institutional investment from Coinbase Ventures, Polychain Capital, HashKey Capital, and Wyre Capital, so this is a very legit project.

Unfortunately I can't participate since I'm not in the US!!

https://republic.co/linen#how-it-works


DefiMoon
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