Bitcoin

Japanese messaging giant LINE’s LN token is now available on BitMax

The cryptocurrency exchange BitMax has just made the token of the Japanese messaging application LINE available to users.

According to a communication dated August 6th LINE, the largest messaging app in Japan with 84 million monthly active users, makes its native LINK (LN) token available for trading via the BitMax cryptocurrency exchange. This makes LN the sixth crypto asset currently supported by the exchange.including Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH) and Litecoin (LTC).

The sign LN was originally given out to users through the messaging app in 2018 as part of a reward program. BITFRONT, LINE’s home exchange covering territories outside of Japan, began supporting the token in October 2018.

LINK or Chainlink?

Japanese messaging giant LINE’s LN token is now available on BitMax
Japanese messaging giant LINE’s LN token is now available on BitMax

Although the short name of the LINE token is LINK, there is no connection to the Chainlink cryptoasset (LINK). LINE’s LN token was launched in August 2018, almost a year after Chainlink’s debut.

Perhaps trying to differentiate itself from Chainlink, The LINE website and the LN whitepaper no longer refer to the original name “LINK chain”, but to the LINE blockchain.

In a statement to Cointelegraph A representative for LINE said the company has no plans to rename or rename the cryptocurrency.

The LN token price is USD 20.99 at the time of going to press;; it was up 31.8% in the past 24 hours.

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