Lina ICO

LINA aims to be the world’s first blockchain-based review platform. Find out how it works today in our review.

What is Lina?

Lina.review is an ecosystem for reviewers, professionals, and businesses around the world, powered and connected by the blockchain.

The project was officially launched with a token generation event in Switzerland on January 15, 2018.

The basic idea behind Lina.review is that it will use the immutability of the blockchain to produce the best possible transparency in the review industry. Once a review has been added to the blockchain, it cannot be changed. Lina.review will also have an incentive system that encourages experts to provide reviews on specific products or services.

The platform is designed for merchants, users, and “helpers”. Helpers are the experts who review specific products in exchange for tokens. Overall, Lina sees itself as “the next generation” of the review industry.

How Does Lina.review Work?

Lina provides reviews and ratings based on blockchain technology. It’s a blockchain-based platform where anyone can build their own review system.

The platform aims to solve problems with today’s online review system, including unreliable writeups from paid reviews or the company’s own staff, and a greater demand for customer reviews than there is customer supply.

Here’s how each of the three parties – merchants, helpers, and users – will interact with the platform:

Merchants:

As a merchant, you can create your product to be reviewed on the platform. Merchants can also control the number of reviews needed for a campaign.

Helper:

Experts on the platform are referred to as “helpers”. Helpers need to be approved by an admin. After viewing products or services, the helper will receive a substantial portion of the advertising revenue or campaign registration fee.

Users:

Users can search for information on products using the Lina platform.

LINA Features

Lina emphasizes all of the following features:

Transparency:

Reviews and ratings on the platform are completely transparent, and users can verify all data on the platform.

Immutable:

The assessment and rating score is decentralized, which means it cannot be faked or manipulated by a third party.

Specific Criteria:

Lina has introduced a set of criteria for reviewers. This criteria can be applied to more than 20 fields, ranging from technological products to medical services.

Monetizing Ability:

Reviewers and helpers (experts) can earn LINA Tokens based on the quality of their contribution, as judged by the community.

Hybrid Architecture:

Lina introduces a hybrid architecture approach, bridging the gap between the public Ethereum chain (mainnet) and a high performance, scalable, private side-blockchain transaction service.

Large Helpers Network:

Lina has already assembled a network of professionals from around the world. That community continues to grow as more expert users are attracted to the platform.

What Problems Does Lina Seek to Solve?

Lina seeks to solve big problems in today’s review industry, including all of the following:

Lack of reliability of reviews and scores. Businesses have been caught paying for better reviews on Yelp. MetaCritic and RottenTomatoes have been described as “fundamentally flawed” because they aggregate a bunch of different review systems into one arbitrary rating scale. A 3 star review from one reviewer might not mean the same as a 3 star review from another.

Difficulty in finding and comparing rating systems. Today, there are many different rating systems in different industries. These systems are dispersed, making it difficult for users to search reviews and find accurate information.

Lack of standardized criteria for each subject. Some review systems are as simple as rating a product “good” or “not good”. Other rating systems dive deep into the product’s criteria. As mentioned above, Lina will have 20 different criteria for each product.

The LINA ICO

The Lina.review ICO is scheduled to last from January 15 to March 28, 2018. 300 million tokens are being sold at a price of $1 per token. Yes, Lina.review is seeking to raise $300 million (!!) through its token sale, making it one of the largest ICOs to date.

33.3% of LINA tokens created during the token generation event will be allocated to the token sale. The remaining 67% will be locked up to be issued over a 10 year period.

There’s a total supply of 900,000,000 LINA tokens.

Who’s Behind Lina?

Lina’s executives are based in Switzerland, New Zealand, and Vietnam. Key members of the team include Mitchell Pham and Leigh Flounders. These are the only two team members listed in the announcement thread for Lina.

However, the official website lists different team members, including Greg (Zvi) Kushnir (co-founder), Vu Truong Ca (co-founder), Mark Pascall (Technical Advisor), and Paul Salisbury (Technical Advisor).

The company has scheduled an alpha release for October 2018, with the first public release taking place towards the end of the year.

Lina lists an address in Steinhausen, Switzerland as its headquarters (in the canton of Zug).

LINA ICO Conclusion

Lina.review is a blockchain-based review platform that aims to create a single, immutable, reliable source of information about a variety of products and services. The platform isn’t scheduled for public release until the end of 2018. However, the company has already launched the Lina Rating app on the Google Play Store, which allows users to vote on criteria to be reviewed across 6 subjects.

To learn more about Lina and its ongoing token sale, visit online today at Lina.review.

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