Sosnow & Associates would like to congratulate Linen App for the launch of its Sharedrop Offering on Republic – a first of its kind project for which we were counsel! As of November 21, 2019, Republic users can take part in a Reg CF compliant “free private equity giveaway.” Of course, free doesn’t mean free – but, it does mean that no monetary consideration is required. By joining the Sharedrop, users have an opportunity to earn SAFEs just by becoming users of the app. This helps Linen App to align long-term interest of its users and the company in a similar way that startups grant equity to early employees. Linen App is developing a banking and lending mobile application that includes a wallet, a debit card and allows to earn interest by lending to lending liquidity pools on the Ethereum blockchain. To learn more about Linen and this one of a kind opportunity click here.
November 22, 2019