According to Mars Finance, on September 9, the Layer 1 blockchain Linera announced that the community round subscription period has ended without reaching the minimum target of $1.5 million USDC. A total of $848,000 USDC was subscribed by 617 participants from 69 different countries. Linera will process refunds, and funds will be returned to participants' wallets via the original payment paths. An update on next steps will be released after the refund period concludes.
Linera Community Round Falls Short of 1.5M USDC Minimum Target
MarsBitShare
Summary
Linera’s LNRA community round, recently covered in on-chain news, failed to reach its $1.5 million USDC minimum target. The Layer 1 blockchain reported 617 contributors from 69 countries raised $848,000 USDC. Funds will be refunded, with an update on future plans to follow. Blockchain news outlets such as MarsBit tracked the event, highlighting the outcome for global participants.
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