Altcoin News

LINE Launches Its Native Token ‘LN’ Available To Japan Traders.

Blockchain subsidiary of messaging application giant LINE has made its native token available to Japan-based traders for the primary time.

Revealed earlier on Thursday, BitMax exchange – operated by LINE’s LVC Corporation – has become the primary crypto exchange in Japan to offer LINK [LN].

The token was previously listed on LVC’s United States exchange Bitfront, that denies access to Japanese traders.

The token was revealed as a rewards incentive in 2018 for LINE’ over 84 Mlnn monthly active users, per the company’s figures.

The business aims to develop an ecosystem during which users of services over LINE’ network are rewarded in LN tokens for using decentralized apps, or dapps.

LINK isn’t to be confused with decentralized oracle network Chainlink’s token of a similar name and goes by the ticker symbol LINK.

LINE’s token was previously issued via the firm’s proprietary private blockchain network and was listed on the Bitfront exchange formerly Bitbox back earlier in the month of August 2018.

The token joins 5 other listed cryptocurrency assets on BitMax including Bitcoin [BTC], Ethereum [ETH], Ripple [XRP], Bitcoin Cash [BCH] and Litecoin [LTC].

LVC is the operator of LINE’s cryptocurrency asset and blockchain-related businesses.

It launched the BitMax exchange after being awarded a license by Japan’s FSA [Financial Services Agency] earlier on 6th Sept., last year.

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