LINE Corporation announced today that its digital token LINK (LN) is now exclusively available to trade on its digital asset exchange BITBOX. LINK can now be traded on BITBOX with three major digital tokens: Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). The official launch of LINK trading on BITBOX marks a significant milestone in the implementation of LINE’s token economy, expanding LINK’s usefulness and integration into the wider digital token community.
“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,” said LINE CEO Takeshi Idezawa. “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.”
Special limited events, including airdrops of TRON (TRX)
To celebrate the launch of LINK trading, BITBOX will hold several special airdrop events. The first event involves TRON (TRX), with LINK holders receiving TRON based on the amount of their LINK holdings, and TRON depositors and traders receiving airdrops of LINK. Details and updates on this and other special events can be found on the BITBOX website (www.bitbox.me/notice).
BITBOX is also carrying out a LINK reward event throughout October for trades and net deposits depending on the trading pairs. And, in the future, BITBOX plans to add more events, including discounts on LINK used to pay trading fees.
Adding ways for users to contribute to the token ecosystem
As a key part of LINE’s token economy is user contributions and participation, LINE plans to expand both online and offline channels where users can get rewarded and pay with LINK, including LINE’s diverse dApps in areas such as social, gaming and commerce.
Already LINK traded or acquired from BITBOX can be also be used as payments or rewards for LINE’s dApp services Wizball (a knowledge sharing platform) and 4CAST (a future prediction service). And in the coming months, LINE will also launch the dApps TAPAS (food reviews), Pasha (product reviews) and STEP (location reviews), expanding the ways users can get involved and earn LINK.