Japanese Messaging App’s LINE Token Now Available to Trade on BitMAx
The BitMax cryptocurrency exchange has not long ago included LINK (LN) token to its platform offering. LN is the crypto coin made for the Japan-based messaging app LINE.
As per a notice shared on August 6th by LINE, the biggest messaging app in Japan with 84 million active users per month will be making its native token available for trading via the BitMax exchange.
This move makes LN the sixth cryptocurrency that’s being supported by the exchange, besides Bitcoin, Ethereum, XRP, Bitcoin Cash, and Litecoin. The LN token was initially launched in 2018 for users as part of a rewards project via the messaging application. BITFRONT, LINE’s native exchange that operates in regions outside Japan, started supporting the coin back in October 2018.
LINK and LN are not The Same Thing
Although the unabbreviated name of LINE’s token is LINK, it has no correlation to cryptocurrency Chainlink (LINK). LINE’s LN token appeared in August of 2018, almost a year after Chainlink launched.
Perhaps in an attempt to differentiate itself from Chainlink, LINE’s whitepaper and website only mention the original blockchain as the LINE blockchain, and not the LINK chain.
Unknown New Future
LINE has made it clear that it has no intention of rebranding the program, according to a representative of the company. Why they won’t is not clear, but there are surely many aspects that contribute to this.
As per the crypto data provider CoinGecko, the LN token is now being traded for $20.51 at the time of press. This stands as an 8.2 percent growth in its value in the last 24 hours and a 20.4 percent rise in the last 14 days.
What will happen to the LN token is a mystery, but LINE definitely has big plans for it. There’s a chance that the crypto space will benefit from these new developments with Japan’s crypto territory, especially.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.