Line will Launch Crypto Currency Competitors of Bitcoin

in #line6 years ago

Line ensures it will launch a digital token, a link for cryptocurrency transactions this month. This business is a company effort to reach a wider business in addition to efforts to boost the number of users who continue to decline.

[Source](file:///storage/emulated/0/Download/843873bf-fd70-46d0-95be-482ab1a8453c_169.jpg)

This Japanese company said that later users can use the Link on the blockchain network
named Chain. However, unlike other crypto currencies, users cannot get links through the Initial Coin Offering (ICO).

Line will give its digital currency through the reward system as compensation as if there is a particular service used.

The link can later be used as a payment tool to buy content such as stickers, themes, and more on the Line application. This digital currency will begin launching this month and will later be registered with the Bitbox which accommodates digital assets globally.

Over the past seven years, Line has been able to grow into a global service because of users, and now with Link also wants to create a compensation system for users.

Later there will be 1 billion links that will be distributed gradually. About 800 million links will be given to users, while another 200 million will be managed by the Link publishing company as a reserve fund.

Quoting Reuters, for reasons of local regulation the Link coin is not available to users in their home country, Japan and the United States. The use of the digital link currency is said to still hit regulations in both countries.

REFERENCE:

https://m.cnnindonesia.com/teknologi/20180903083956-185-327036/line-akan-luncurkan-mata-uang-kripto-pesaing-bitcoin

Sort:  

This is the first time I heard about Line

Congratulations @mahera! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:
SteemFest³ - SteemitBoard support the Travel Reimbursement Fund.

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Coin Marketplace

STEEM 0.37
TRX 0.12
JST 0.040
BTC 70162.45
ETH 3540.43
USDT 1.00
SBD 4.79