The parent company of the renowned Japan-based messenger LINE, LINE Corporation announces its own cryptocurrency token. In a press release issued on Wednesday, October 17, LINE Corporation announced the release of their cryptocurrency token LINK (LN). Furthermore, it is available for trading exclusively on BitBox, LINE Corporation’s own cryptocurrency, and digital asset trading platform.
Moreover, LINK (LN) can be traded as a trading pair against renowned cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). This marks a significant move of LINE Corporation in the digital token industry.
More About the Announcement
Takeshi Idezawa, CEO of LINE Corporation stated this. “We’re very pleased that users are now able to trade LINK on BITBOX, which is a major step forward in our plans for creating a token economy that rewards user participation.”
Furthermore, to mark this move, the messenger corporation is holding several airdrop events in the coming month. One of those first airdrops will involve the collaboration of LINE Corporation with the TRON Foundation.
Users holding LINK (LN) will receive TRON (TRX) based on their amount of holding. Furthermore, any users holding TRON (TRX) will also get an appropriate amount of the cryptocurrency. Furthermore, all the details are available on LINE Corporation’s cryptoexchange website, BitBox.
Idezawa further stated this. “We think it is important to promote co-creation and mutual growth with LINK while ensuring BITBOX continues to develop as a user-friendly platform that adds value to those who use it and contribute to our services.”
BitBox is a Singapore-based digital asset and cryptocurrency exchange operated by LINE Corporation’s subsidiary, LINE Tech Plus. It operates under both LVC Corporation and LINE Corporation. Furthermore, the cryptocurrency supports over 30 coins and operates in more than 14 languages.
Furthermore, it mainly providing a user experience with their commendable customer support. This also ensures security and transparency in their ecosystem.
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