LINEA Pre-List Perp

The LINEA Pre-List Perp is a pre-list market for the Layer 2 Linea.

We assume the total issuance of LINEA is 1 billion, and the initial price for each token for pre-listing is $5, so the fully diluted valuation (FDV) of LINEA is $5 billion.

The transition of LINEA into a standard perpetual is contingent upon its maximum supply reaching precisely 1 billion. If this condition is not met, the settlement of LINEA-USD will be based on the fully diluted market cap divided by 1 billion, occurring one week following its listing on a Centralized Exchange (CEX) like Binance.

Following this settlement, the LINEA Pre-List Perp will be removed from listing, making way for the introduction of a new, normal perpetual.

Here are the detailed rules for LINEA Pre-List Perp:

Name	Value
Maximum Leverage	3X
Maintenance Margin Fraction	30%
Initial Price	$5
Max Supply	1 billion
The fully diluted valuation (FDV)	$5 billion
Maximum position limit per user:	$10,000
Total open interest limit	$1,000,000
Margin Mode	Isolated