Japanese social media company to launch its own cryptocurrency.

in #cryptocurrency6 years ago

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Japanese Social Media Company LINE Launches its Own Cryptocurrency

LINK

The Japanese social media giant LINE announced on Friday the launching of its new cryptocurrency token called LINK
LINK tokens are associated with a blockchain which will be a platform for decentralized applications (think Ethereum)
The blockchain is already live, the company mined the genesis block more than a week ago and still operates all of the block producing nodes
TOKEN DISTRIBUTION

LINK will only be available for trading on LINE's own cryptocurrency exchange, BITBOX
The company will not be having an initial coin offering, rather will distribute the tokens through user rewards
Off the bat, the tokens will only be distributed to users outside of Japan, Japanese customers will continue to receive traditional rewards points
LINE & CRYPTO

LINE, a messaging app that boasts over 200 million active users, is definitely interested in exploring blockchain technology and crypto
In July, LINE launched their own cryptocurrency exchange platform called Bitbox
Earlier this month, LINE announced that it has launched a $10 million venture fund via its subsidiary unblock corp.

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