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 |
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