Opportunity

• The first app for non-tech savvy to invest in Decentralized Finance (DeFi)
• Linen App is offering up to $300,000 investment in their company for early members
• Access DeFi liquidity pools like the Compound interest rate protocol that do not depend on the performance of stock or bond markets
• Backed by Coinbase, Polychain Capital, HashKey Capital, Youbi Capital, and Wyre
• 6,000+ downloads, over 300 early access program participants as of April 2020
• Your participation is technically an investment, but no USD payment is required
• Participation is limited to U.S. residents

Ways to earn

Download Linen App from the App Store or Google Play for free. Complete registration to earn Rewards via Sharedrop. Then, invite your friends and manage assets using the app to earn additional future equity. 

Notes related to the Sharedrop:

• Maximum balance of assets managed via Linen App eligible for this Sharedrop is $50,000 for a maximum of $500 in future equity earned rewards. 
• 1% APY earn can be independent of the Registration and Invite friends actions. 

Notes related to Linen App: 

• Displayed APY (Annual Percentage Yield) is for illustrative purposes only and does not reflect the actual interest rate available in blockchain-based liquidity pools or through partners of Linen Mobile, Inc. 
• Linen Mobile, Inc. is not a bank, and any digital cash (stablecoin USDC, cryptocurrency, digital assets) you manage through Linen App will not be stored in a bank. Funds managed using Linen App software and tools are not insured by the Federal Deposit Insurance Corporation (FDIC), Securities Investor Protection Corporation (SIPC), or any other federal, state, or local agency. 

Problem

Returns in traditional financial  markets like stock and bonds in the U.S. depend on the performance of the broader economy. The stock market and interest rates usually fall and rise together. In other words, if the economy is not doing well, financial markets would reflect that.

Solution

We saw a knowledge gap between the tech and finance-savvy, who earn interest on digital assets (digital dollars, stablecoins) in Decentralized Finance (DeFi), and the rest of the public. Linen App provides a streamlined user experience for the non-tech-savvy to earn interest on digital assets supplied to blockchain-based liquidity pools. Our members can deposit and withdraw digital assets with a couple of clicks using their bank account.

Technology

• The core of Linen App is a self-custody digital assets wallet that is integrated with liquidity pools (decentralized applications) on the Ethereum blockchain
• Digital dollar (stablecoin USDC) issued by Circle/Coinbase
• Payments processor and compliance provider

Decentralized Finance (DeFi) 

In the past two years, a new field of programmable finance or DeFi has emerged. It attempts to recreate traditional financial services via a decentralized financial infrastructure that is based on blockchain technology. Approximately $770M of value has been held in DeFi applications as of April 24, 2020 according to DeFi Pulse. These opportunities are powered by autonomous interest rate and exchange liquidity pools on the Ethereum blockchain, such as Compound and others, and are difficult to access for the non-tech savvy.

Eligibility

Linen App will be available to U.S. residents first. This Sharedrop campaign is for U.S. residents only. 

TL;DR

Linen App is an iOS and Android mobile wallet that allows our members to link their bank account, exchange dollars for digital dollars (stablecoins), and deposit digital dollars to liquidity pools on the Ethereum blockchain to earn interest.

Built by a team of ex-bankers, technologists, and product designers.

$1.6M in funding to date

Leading FinTech venture investors, including Coinbase, Polychain Capital, HashKey Capital, Youbi Capital, and Wyre invested in us. Now, we want to build a community and reward our early users in the form of future equity in Linen App. Our early users can benefit from our success if we do well.

You, our community, are the key reason we exist.

Ways to earn

Download Linen App from the App Store or Google Play for free. Complete registration to earn Rewards via Sharedrop. Then, invite your friends and manage assets using the app to earn additional future equity. 

Notes related to the Sharedrop:

• Maximum balance of assets managed via Linen App eligible for this Sharedrop is $50,000 for a maximum of $500 in future equity earned rewards. 
• 1% APY earn can be independent of the Registration and Invite friends actions. 

Notes related to Linen App: 

• Displayed APY (Annual Percentage Yield) is for illustrative purposes only and does not reflect the actual interest rate available in blockchain-based liquidity pools or through partners of Linen Mobile, Inc. 
• Linen Mobile, Inc. is not a bank, and any digital cash (stablecoin USDC, cryptocurrency, digital assets) you manage through Linen App will not be stored in a bank. Funds managed using Linen App software and tools are not insured by the Federal Deposit Insurance Corporation (FDIC), Securities Investor Protection Corporation (SIPC), or any other federal, state, or local agency.