Linera to refund LNRA community sale after 848,271 USDC falls short of target

  • Linera will refund the LNRA community sale after missing its minimum target.
  • 617 participants from 69 countries committed 848,271 USDC in the round.
  • The commitment period ran Sept. 1-8 on Base, using USDC for participation.

Linera, a Layer-1 blockchain project, will refund its LNRA community sale after commitments of 848,271 USDC fell short of the 1.5 million USDC minimum target. The round attracted 617 participants from 69 countries. Linera said the sale website will soon be updated to launch the refund process, with participants required to claim their funds through the site and receive them back in the wallets used for the original participation. The team will issue another announcement when refunds become available and publish further progress after the refund period ends. Linera opened LNRA sale preregistration on Aug. 26, with the commitment period running from Sept. 1 to Sept. 8. Participants used USDC on the Base network; 65% of LNRA’s total supply was allocated to the community, including 5% for the community sale round.

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