# Linera: Full Context

> Explore Linera, fast-paced PvP prediction markets built on parallel microchains, and learn how to join the $LNRA community round, powered by Sonar.

## What Linera is

Linera presents fast-paced, player-versus-player prediction markets. Predictions pool together, odds shift as participants move, and winners split the pool. The experience is designed for short, reactive market games rather than a traditional order book.

The website introduces Linera Originals, reactive games on fast-paced PvP markets built on Linera and powered by $LNRA. It states that more than 8,000 people play daily and invites visitors to join a community of 50,000 users trading live markets.

## Technology

Linera is a real-time blockchain ecosystem for instant, interactive onchain markets. Its microchain architecture gives users lightweight chains that are validated in parallel. The website describes the result as sub-second finality, live state updates, and capacity that grows with users.

Linera was founded by Mathieu Baudet, the researcher behind FastPay at Meta, and is presented as a productionization of that work.

## $LNRA community round

The website publishes these headline round details:

- Token: $LNRA
- Compliance and verification: Sonar
- Commitment asset: USDC on Base
- Sale window: 7 days
- Total supply: TBA
- Round size: TBA
- Price: TBA
- Fully diluted valuation: TBA

Round size, token price and total supply are not published yet. Any figure circulating before Linera announces them is not from this site.

## Allocation mechanics

The round is presented as two pools, whose sizes are not yet published:

- A guaranteed allocation pool reserved for eligible Linera community badge holders
- An open allocation pool available to all eligible participants

Open allocations fill pro rata when demand exceeds the round. Guaranteed allocations are fulfilled first, unfilled commitments are refunded automatically, and the open-pool maximum is approximately $100,000 per wallet. Commitments start at $100.

## Commitment Credits

Every committed dollar earns Commitment Credits. Participants receive a fee-free trading-volume allowance equal to their total committed amount across guaranteed and open pools, capped at $100,000 per verified user.

Fees are waived across Linera until cumulative qualifying volume reaches the allowance. The site says predictions, pool entries, wins, and losses count toward qualifying volume.

## Eligibility

- Registration and identity verification are completed through Sonar before commitments open.
- Registration does not commit funds or guarantee eligibility or allocation.
- Tokens are described as unlocked at token generation for participants other than US investors.
- US participation is limited to accredited investors and is subject to a 12-month lock-up.
- Jurisdictions on Sonar's restricted list are geoblocked during registration.
- Eligibility checks happen before a participant makes a commitment.

Participation is subject to the final sale terms, applicable law, jurisdictional restrictions, identity verification, and third-party platform requirements.

## Published timeline

- Secure a badge: Live at https://app.linera.xyz/
- Registration and KYC open: August 24, 2026
- Commitments open: September 1, 2026
- Commitments close: September 8, 2026
- Allocations finalized: September 15, 2026
- Distribution: TBA

## Frequently asked questions

### What does registration involve?

Registration takes place on Sonar. You will sign in, create or select an individual or business investing entity, and complete the required KYC or KYB checks. Registration does not commit funds. Eligible participants return when commitments open to participate in the round.

### Who can participate in the $LNRA Community Round?

The Community Round is open to eligible participants who complete registration and KYC through Sonar. Availability depends on jurisdiction, with restricted countries blocked during registration. US participants are subject to additional requirements and a mandatory lock-up period.

### Do I need a Linera badge to participate?

No. The round includes both a guaranteed allocation pool for eligible Linera badge holders and an open allocation pool available to new participants. Securing a badge gives existing community members access to the reserved allocation pool.

### What happens if the Community Round is oversubscribed?

Guaranteed allocations are fulfilled first. The remaining open allocation is distributed pro-rata based on total demand, and any portion of your commitment that is not allocated is automatically refunded.

### What are Commitment Credits?

Every dollar committed to the round earns an equivalent amount of Commitment Credits, giving you fee-free trading volume on Linera during Season 1. The allowance applies to your total commitment, including amounts that may later be refunded due to oversubscription, and is capped at $100,000 per verified user.

## Canonical links

- [Homepage](https://sale.linera.net)
- [Linera application](https://app.linera.xyz/)
- [Privacy Policy](https://sale.linera.net/privacy)
- [AML and Sanctions Policy](https://sale.linera.net/aml)
- [XML sitemap](https://sale.linera.net/sitemap.xml)
- [Concise LLM context](https://sale.linera.net/llms.txt)

## Contact

- Email: marketing@linera.io

Last reviewed: 2026-08-18