Linera said its LNRA community round has ended without reaching the minimum fundraising target of 1.5 million USDC. According to the project, 617 participants from 69 countries subscribed a total of 848,000 USDC during the offering period. Because the threshold was not met, the project will now process refunds.
Linera said the funds will be returned directly to the wallets used by participants. The team also said it will publish a follow-up update after the refund period is complete. The announcement was cited by BlockBeats on Sept. 9.
The update did not include a separate timeline for when all refunds would be completed, but it stated that a further notice would be issued once the refund window ends. No additional details were provided in the brief announcement.
Linera said the LNRA community round has ended without meeting its minimum target of 1.5 million USDC, according to an official announcement cited by BlockBeats on Sept. 9.
The Layer 1 blockchain project said 617 participants from 69 countries subscribed a total of 848,000 USDC.
Linera will process refunds, with funds to be sent back to participants' wallets through the original route. The project said it will release a follow-up update after the refund period ends.
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