Line launches its own cryptocurrency and blockchain network

Line is growing its presence in the cryptocurrency universe in a big way. A month after launching its own cryptocurrency exchange desk BITBOX, the Tokyo-based messaging titan has now launched its own cryptocurrency called ‘LINK’ alongside a blockchain network called ‘LINK Chain’. In an announcement made on its website, Line says there will be no initial coin offering (ICO) for the LINK tokens, which will be available only as rewards for using decentralized applications (dApps) within the Line ecosystem. The LINK token will become available on BITBOX exchange desk in September. A total of one billion LINK tokens will be…

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