# History

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Founded in late 2022, Linx Research has emerged as a pioneering force in decentralized finance (DeFi), delivering a comprehensive, secure, and user-friendly financial platform on the Kadena and Alephium blockchains. With the mission to simplify crypto finance while adhering to DeFi’s core principles of trustlessness and transparency, Linx Research launched its flagship product, the Linx Wallet, on Kadena in 2023. Since its inception, the protocol has collected over $450,000 through fees, grants, and seed funding, fueling the ongoing development of the Linx Lending protocol, Linx DEX Aggregator, Linx App, and the forthcoming Linx Crypto Debit Card.&#x20;

#### Founding and Vision (2022)

Linx Research was established in late 2022 by co-founders Floor de Best, Radu Ciobanu, and Raul Canta, a team of full-stack developers and UI/UX designers committed to addressing the fragmentation and poor user experience in DeFi. Recognizing the absence of a unified platform that aligns with crypto’s principles of decentralization, Linx Research set out to build an ecosystem that integrates lending, borrowing, swapping, and asset management seamlessly. The team chose Kadena for its scalable multi-chain architecture and later expanded to Alephium for its energy-efficient Proof-of-Work (PoW) security and DeFi potential, leveraging first-mover advantages in both ecosystems.

#### Key Milestones

**2022: Inception and Early Development**

* **Founding**: Linx Research Ltd. was founded with a focus on creating a chainless, gas-free wallet to simplify DeFi interactions.
* **Initial Funding**: Secured early grants from blockchain ecosystems and community support, contributing to the $450,000 total raised to date.
* **Team Formation**: Linx Team is a small and agile team, masters in efficiency and thinking outside of the box and managed to build a suit of apps, tools and protocols with a focus on user experience which is praised by many community members and protocols.
* **Community Engagement**: The team is and has always been very active in the communities that we build for. We listen, discuss and build. This has lead to the unwaivering support we have received so far.

**2023: Launch of Linx Wallet on Kadena**

* **Product Launch**: Released the Linx Wallet (linxlabs.org/wallet) on the Kadena blockchain, offering a non-custodial, chainless, and gas-free experience for managing assets, NFTs, and dApp interactions via WalletConnect V2.
* **Ecosystem Integration**: Integrated with Kadena-native DEXs (e.g., KDSwap and Kaddex) and DeFi protocols, enabling in-app through our Linx DEX Aggregator.
* **User Adoption**: Attracted more than 2000 early adopters with its intuitive interface and gas-free transactions, earning praise for its clean design, robust security and creating a 'single chain' experience on a complicated multi-chain blockchain.
* **Fee Collection**: Began accruing swap fees (0.7%) through in-app swaps, contributing to the $450,000 total.

**2024: Expansion and Seed Funding**

* **Alephium Integration**: Expanded to the Alephium blockchain, capitalizing on its 8-second block time, 87% energy efficiency compared to traditional PoW, and absence of flash loans or front-running.
* **Hackathons:** Participated in multiple hackathons and build proof of concepts for P2P trading and lending and an encrypted on-chain chat MvP. Which were both awarded with a second place in the hackathons.
* **LinxOTC:** Out of one of the hackathons was an 'Over The Counter' platform born, linxotc.com where you can directly trade with a counterparty without having to deal with escrow or trust issues by utilizing the atomic swap principle on Alephium.
* **Seed Sale**: Conducted a Seed Sale as outlined in the tokenomics. Funds supported the onging development of the Linx Lending protocol and DEX Aggregator.
* **Linx Lending Launch (later 2025)**: Introducing the Morpho-inspired Linx Lending protocol on Alephium, featuring permissionless lending pools, optimized yields, and instant loans with flexible repayment terms.
* **Grants and Partnerships**: Secured additional grants from Alephium and Kadena ecosystems, bolstering the $450,000+ total, to fund audits and ecosystem integrations.

**2025: Scaling and Future Milestones**

* **Public Pre-Sale (August 2025)**: Planned an exclusive Public Pre-Sale within the Linx Wallet at $0.10 per LINX token, raising $100,000 (1 million tokens, 1% of supply) to support the ongoing developments and reward our loyal users with an option to participate early in our sale.
* **Linx Crypto Debit Card**: Advanced plans for a Linx-branded debit card, pending an Alephium off-ramp, to enable crypto spending at millions of merchants worldwide.
* **Public Sale (Q4 2025)**: Scheduled a Public Sale on Alephium at $0.15 per LINX token, targeting $2,250,000 (15 million tokens, 10% of supply) to scale liquidity and achieve a 2 million TVL target.
* **Airdrops**: Allocated 1% of the total LINX supply for airdrops to reward Linx Wallet, App, and Lending users, driving ecosystem engagement.

#### Financial Achievements

To date, Linx Research has collected over $450,000 through:

* **Swap Fees**: Generated from 0.7% fees on in-app swaps via the Linx DEX Aggregator, with up to 100% that will be reinvested into LINX buybacks
* **Seed Funding**
* **Grants**: Secured (and ongoing) ecosystem grants from Kadena and Alephium, supporting infrastructure and community initiatives, pushing the total beyond $450,000.

#### Community and Ecosystem Impact

Since its founding, Linx Research has garnered significant community support. The Linx Wallet’s launch on Kadena in 2023 established Linx as a leader in gas-free, chainless DeFi interactions, while the expansion to Alephium in 2024 positioned it as a first-mover in a booming ecosystem. Positive feedback from users and blockchain communities underscores Linx’s ability to address DeFi’s fragmentation and complexity, driving adoption across Kadena and Alephium.

#### Future Vision

Linx Research Ltd. aims to redefine crypto finance by delivering a unified platform that integrates lending, borrowing, swapping, and spending. With over $450,000 raised and a robust roadmap, including the Public Sale and Crypto Debit Card launch, Linx is poised to achieve its 2 million TVL target and reach everyday consumers. By leveraging Kadena’s scalability and Alephium’s secure, energy-efficient PoW, Linx Research continues to build a decentralized financial ecosystem that is simple, secure, and everyday-ready.
