Line is developing its quality in the domain of cryptocurrency Network. One month later its launch of its own cryptographic money trade desk BITBOX, the data giant based in Tokyo has now propelled its own particular cryptocurrency known as LINK close by a blockchain organize called ‘Connection Chain’.
In a declaration on its site, Line states that there will be no Initial Coin Offering (ICO) for the LINK tokens, which will be accessible just as prizes for utilizing Decentralized Apps (dApps) inside the Line environment. The LINK token are expected to be accessible on BITBOX trade desk from September.
An aggregate of 1 Billion LINK tokens are likely to be given, of which 800 Million would accessible as customer rewards; the remaining 200 million will be held by Line.
Cryptocurrency Will Not be Available in Nation of Origin, Japan
Be that as it may, the cryptocurrency won’t be accessible in its nation of origin, Japan because of issues related with regulatory compliance. The organization’s Japan-based customers will rather get “LINK Points” as prizes.
Customers can spend these token just inside the LINK Chain system or traded for Line Points. The LINK Points can’t be traded, deposited, exchanged, transferred, and withdrawn, at cryptocurrency desks.
As per Line, the beginning square (the main block in the blockchain) of the LINK Chain Cryptocurrency network began on August 23.
As indicated by LINK’s guide, two brand new dApps will be released in September, and another ten ought to be up and running by March 2019. Line will likewise urge and bolster others to create dApps over its system, as it intends to emerge as “digital reward platform.”