The messenger Line has released its own tokens. Will distribute them for free

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The company will launch several decentralized applications, in which it will be possible to use the new cryptocurrency

One of the first public companies, which launched its own blockchain with bitcoin — developer messenger LINE. The basic block of its network LINK was released on 23 August, with time the emissions of the same name of a token will increase to 1 billion, writes CoinDesk.

Coins will not be distributed at the ICO, will distribute them to users of decentralized applications that will work in the blockchain LINK. Two such programmes will be launched in September, more ten — by the beginning of 2019. In the fall the company will add the cryptocurrency to their own exchange BITBOX. Digital money can be used for calculations in the ecosystem LINE.

At the moment the platform BITBOX has no license to work in Japan, so users get points LINK, which can then be exchanged for full tokens. This will happen after the local financial services Agency will approve of the marketplace.

Previously, developers of Line messenger launched a venture Fund with a capital of $10 million. He will invest in the blockchain startups and promote the development of this sector.

More news on cryptocurrency can be found in our telegram channel RBC-Crypto.

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