The BitMax crypto currency exchange has just made the token of the Japanese LINE messaging application available to users.
According to an August 6 LINE announcement, Japan’s largest messaging application, with 84 million active users per month, will make its native LINK (LN) token available for trading through the BitMax crypto currency exchange. This makes LN the sixth cryptoactive currently supported by the exchange, including Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), and Litecoin (LTC).
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The LN token was originally issued in 2018 to users as part of a rewards program through the messaging application. BITFRONT, the native LINE exchange covering areas outside Japan, began supporting the token in October 2018.
LINK or Chainlink?
Although the unabbreviated name of the LINE token is LINK, it has no connection to the cryptoactive Chainlink (LINK). The LINE LN token was launched in August 2018, almost a year after the debut of Chainlink.
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Perhaps in an attempt to differentiate itself from Chainlink, the LINE website and the LN white paper no longer refer to the original name „LINK chain“, but to the LINE blockchain.
However, in a statement to Cointelegraph, a representative of LINE said that the company had no plans to change the brand or name of the crypto currency.
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The price of the LN token is USD 20.99 at the close of this edition; it rose 31.8% in the last 24 hours.