I accidentally found out today the Linen App, a mobile app that gives retail investors easy access to ethereum-based liquidity pools and protocols like Compound, is doing a sharedrop for US residents.
Linen App is made by the dev team that created DeFi analytics portal LoanScan.io, which I am a big fan of. The data is always accurate and the interface is visually pleasing and functional.
The 'sharedrop' is being done via regulated crowdfunding campaign hosted by Republic, and all you have to do is download their app, pass KYC verification, and refer as many others via your referral code to increase your stake, which in turn gets you a 'Crowd SAFE'.
In a nutshell, the Crowd SAFE is a financial agreement between you and Linen App, which gives you the right to receive shares/cash if the Linen App gets acquired or goes public in the future.
The great thing is that no upfront investment is needed here, all you have to do is promote, promote, promote.
The total valuation of the Crowd SAFEs is capped at $19,800,000. Linen App already has institutional investment from Coinbase Ventures, Polychain Capital, HashKey Capital, and Wyre Capital, so this is a very legit project.
Unfortunately I can't participate since I'm not in the US!!
https://republic.co/linen#how-it-works
Posted Using LeoFinance
I signed up and think I got 1USD, but, they want my SSN - which I don't readily give out.
I think they use SSN for verification of identity. Is there option to submit other data for verification or only SSN?
Posted Using LeoFinance
I texted them and nope. For now it is only with SSN and a picture of your ID. You still get your dollar for signing up but you can't get a referral code.
Still, I got my dollar - happy about that.
How do you like the app so far?
I haven't used it, just downloaded it.
But I do like their customer support. I was able to text them questions (like do I need a SSN to get a referral code) right from the app and they responded via text and email.
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