LINE Token Economy contents released
The concrete concept of “LINE Token Economy” announced by LINE Corporation in June this year was announced.
The contents announced this time will be summarized as follows.
· “LINK Ecosystem”
· Original block chain network “LINK Chain”
· Universal coins “LINK Point” (for Japan), “LINK” (for overseas)
· LINK starts trading in September at the cryptocurrency exchange “BITBOX”
· An announcement of the LINK white paper
About the LINK ecosystem
The newly announced new system called “LINK Ecosystem” seems to be the ecosystem based on “LINK Chain” of block chain network developed independently by LINE.
Users seem to be able to earn incentives (rewards) according to DApp services participating in the LINK ecosystem and actions such as registration and use of existing LINE services planned for participation in the future.
The LINK ecosystem can also participate in services from other companies and service providers can introduce token economy without the time and cost of developing and building block chain networks and token economies over time It will be possible.
About LINK Chain
By using LINK Chain which is a block chain network used as the foundation of the LINK ecosystem (main net), it is possible to secure the reliability and transparency of evaluation, and the relationship that users and services grow together It seems that it is possible to create high-quality services.
LINK Chain is a high-performance block chain core network capable of handling over 1000 transactions per second over a single thread.
“LINK Point” and “LINK”
The universal coins “LINK Point (for Japan)” and “LINK (for overseas)” will be acquired as incentives if you use the DApps service to participate in the LINK ecosystem or the existing LINE service planned to participate in the future It is a coin that you can do.
Users in Japan seem to be able to use the acquired “LINK Point” for another DApps service and exchange it for a LINE point that can be used for purchasing a stamp etc.
Since September it seems that LINK only starts trading with the cryptocurrency exchange BITBOX (Japanese are not available), you can not purchase LINK Point which is a coin for Japan at the cryptocurrency exchange.
A total of 1 billion pieces of “LINK Point” and “LINK” are issued in total, of which 800 million are used within the “LINK Ecosystem” and the remaining 200 million are issued as spares (LINE Tech Plus Co., Ltd.) seems to be managed.
LINK Point “for coins for Japan and” LINK “for overseas seem to be different in nature, currently only” LINK “white paper is released.
Article Source: LINE
It was announced at last. It is a feeling that I made a place to serve as a foundation on which various services are deployed. Expect how long it will grow from now! !
Author: Yush [Coin Desk News] – Source Post: https://crypto-times.jp/line-token-economy-link/
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