The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

The official press release of LVC Corporation, a subsidiary of Japanese communication software giant LINE, stated that its own cryptocurrency LINK (LN) will be listed on BITMAX, the domestic exchange in Japan, from now on.

According to past reports from Blockchain, LINK was first launched in August 2018.
BITBOX, which was established in Singapore through LINE in September, was exclusively launched in Singapore. However, due to regulatory requirements, it was not open for trading in the Japanese and American markets at that time. Subsequently, LINE’s preparatory work in this area was carried out intensively.

During this period, LVC successfully obtained a license from the Japan Financial Services Agency in September 2019 and was officially registered as a local cryptocurrency trader in Japan; about two weeks later, BITMAX, a cryptocurrency exchange "tailored for Japanese" owned by LINE Also officially launched.

Schematic diagram of Line’s token economy concept

In fact, officials have released news earlier that LVC is developing a system to allow its own tokens to be traded online on its own platform BITMAX. During this period, LVC has also been following the official procedures of the Japan Virtual Currency Exchange Association (JVCEA) to handle relevant procedures for LINK to conduct transactions in Japan.

Currently, LINE has 84 million monthly active users in Japan. Anyone can use LINE directly.
The messaging software performs identity verification to register, open an account and log in to BITMAX. In addition to connecting to a bank account, users can also bind a LINE Pay account to buy and sell cryptocurrencies.

In addition to LINK, BITMAX also supports transactions in 5 mainstream currencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH) and Litecoin (LTC). At the same time, LINE also operates another global cryptocurrency exchange, BITFRONT, in the United States, which mainly provides legal currency pairs for cryptocurrencies, as well as U.S. dollar transactions between cryptocurrencies.

Blockchainer reported in September last year that LINE released its cryptocurrency "LINK White Paper 2.0", which not only discussed LINK's further expansion strategy, but also focused on the development blueprint of the overall LINK ecosystem, revealing that the next main affairs will be " Connect LINK to Line service" and "publish LINK wallet".

However, LINE is not the only social giant currently trying to establish a cryptocurrency economic system. Looking at other international competitors Kik, Telegram and Facebook
Although they are both actively trying to launch cryptocurrencies, the process has been full of twists and turns. The first two were suspected of "selling securities without registration" due to issuing cryptocurrencies, and both were involved in lawsuits with the U.S. Securities and Exchange Commission (SEC); Facebook;
Its stablecoin project, Libra, is faltering. After publishing a white paper in June last year, it has repeatedly been strongly questioned by regulatory authorities in various countries.

According to reports, LINK is a cryptocurrency issued through LINE’s patented private blockchain network LINE Blockchain. The original purpose is to reward those who are committed to promoting LINE
To serve growing users, a total of 1 billion tokens will be issued. According to the company's user encouragement policy, 800 million tokens will be used to reward users who use LINE services, and the remaining 200 million tokens will be used as reserve assets.

In 2018, when LINE disclosed its token economic concept to the world for the first time, it stated that it "will not conduct an ICO" and will instead issue tokens to those dApps that participate in the LINE Blockchain network.
users as an incentive. Next, LINK tokens can be used as payment tools or rewards in dApp services, as well as content, commerce, social networking, games, transactions and other service categories in the LINE ecosystem.