The blockchain subsidiary of messaging app giant LINE has made its native token available to Japan-based traders for the first time.
- Announced last Thursday, BitMax â operated by LINEâs LVC Corporation â has become the first crypto exchange in Japan to offer LINK (LN).
- The token was previously listed on LVCâs U.S. exchange Bitfront, which denies access to Japanese traders.
- The token was launched as a rewards incentive in 2018 for LINEâs over 84 million monthly active users, per the companyâs figures.
- The company aims to develop an ecosystem in which users of services over LINEâs network are rewarded in LN tokens for using decentralized apps, or dapps.
- LINK is not to be confused with decentralized oracle network Chainlink’s token of the same name (and goes by the ticker symbol LINK).
- LINEâs token was previously issued via the firmâs proprietary private blockchain network and was listed on the Bitfront exchange (formerly Bitbox) back in August 2018.
- The token joins five other listed crypto assets on BitMax including bitcoin (BTC), ethereum (ETH), XRP (XRP), bitcoin cash (BCH) and litecoin (LTC).
- LVC is the operator of LINEâs crypto asset and blockchain-related businesses.
- It launched the BitMax exchange after beingÂ awardedÂ a license by Japanâs Financial Services Agency (FSA) on Sept. 6, 2019.
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