Linda (LINDA) Project Opens LindaX Token Pre-Sale

Linda (LINDA) will expand its project through an initial coin offering (ICO), LindaX, after launching the pre-sale at midnight EST. The pre-sale will be open to LINDA holders:

https://twitter.com/Lindaproject/status/1032773639664324608

LINDA is a relatively low-priced digital asset that has become more active on social media this month. The #lindacoin hashtag had another upward trend, based on data from Google Trends. Additionally, the LINDA project is active on social media, especially in presenting the opportunities for staking the coins for rewards.

But the LindaX ecosystem keeps inviting buyers, with a pre-sale price of $0.25 for the new digital asset. Holders of LINDA will receive double the amount of LindaX tokens if they use the digital asset to purchase them.

https://twitter.com/JudeNewcomb/status/1032840952489148416

With this ICO, in addition to being a staking coin, LINDA aims to expand and become a token platform. The news comes as a surprise, especially for the sub-penny coin that until recently boasted of high staking rewards, while trading in an extremely volatile manner, with low volumes.

Over the past three months, LINDA has jumped from $0.0012 to above $0.004, and then back down to $0.001. But this week, LINDA has gained ground fast, spiking by above 24% in a single day on August 21. LINDA is traded on relatively small exchanges, and trading remains volatile. It has seen many warnings for being a pump-and-dump coin, in addition to the criticism that its staking reward system is unsustainable.

LINDA is an interesting asset for having a circulating supply of around 9 billion coins and a total supply of 30 billion units. Some of the assets are locked for staking or nodes. The relatively low free supply for this coin has not translated into a higher market price, mostly due to the fact that LINDA has not been listed on major exchanges. With this trading profile, LINDA remains a relatively low-priced, but high-risk investment opportunity.

LINDA hit a peak of $0.013 on January 11, 2018, but went on to lose more than 75% of its value. This has lowered the price for a LINDA masternode, the most rewarding form of staking, down to some $2,750. Based on estimations from Mnrank.com, a node would take just 17 days to pay for itself. However, many doubt that running a masternode could achieve the promised passive income of above $60,000 a year, especially with the need to trade LINDA on low-volume exchanges.

As at 13:33 UTC, LINDA trades at $0.001372, up 7.8% on a daily basis, according to CoinMarketCap data. More than 92% of LINDA volumes are concentrated on Cryptopia, where LINDA is paired with Bitcoin (BTC), and has also a very tiny Litecoin (LTC) and Dogecoin (DOGE) trading.

Neither the author nor the publication assumes any responsibility or liability for any investments, profits, or losses made as a result of this information. Cryptocurrency trading and investing are risky propositions, and market participants are advised to always conduct thorough research.