LINE, Japan’s answer to WhatsApp, announced five distributed apps (dApps) that it’s planning for its blockchain network LINK Chain. The company launched its own blockchain and cryptocurrency LINK which will mainly serve as a rewards system. Since the tokens will be earned through rewards, there are no plans for an ICO. However, 20% of the tokens will be retained as a reserve.
The company runs the BITBOX cryptocurrency exchange and plans to distribute 10% of LINE tokens to BITBOX customers.
LINE wants to incentivize developers to produce third-party services. Hence it’s planning to release a development kit in the future.
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Image Copyright: LINE
