PANews|Sep 09, 2026 02:38
[Linera's LNRA Community Round Secures $848,300 USDC in Commitments, Fails to Meet $1.5M Minimum Target, Refunds to Be Issued]
Layer 1 blockchain project Linera announced on the X platform that the LNRA community round commitment period has ended, with 617 participants from 69 countries pledging a total of 848,271 USDC. This amount falls short of the $1.5 million USDC minimum target. Linera stated that the sales website will be updated soon to initiate the refund process. Participants will need to claim refunds on the website, and the funds will be returned to the original participating wallets. The team will issue a separate announcement once the refund feature is live and will provide updates on subsequent developments after the refund period concludes.
Previously, PANews reported that Linera launched the LNRA sales pre-registration on August 26, with the commitment period running from September 1 to September 8. Users could participate using USDC on the Base network. Of the total LNRA supply, 65% is allocated to the community, with 5% designated for the community sales round.
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