The BITBOX crypto exchange announced on October 16 that the LINK (LN) token is now exclusively available on its platform in trading pairs with Ethereum, Bitcoin and the U.S. dollar-pegged stablecoin, Tether. The BITBOX exchange was launched by the Japanese messaging giant, LINE.
This move is one of the latest measures taken by LINE as part of its efforts to apply cryptocurrency and blockchain to mainstream use cases. In August, BITBOX announced that it had launched a proprietary blockchain network known as LINK Chain. It utilizes a combination of practical Byzantine fault tolerance and delegated proof-of-stake as its consensus mechanism.
The BITBOX crypto exchange was launched by LINE earlier in July, this year. It was made available in all countries except Japan and the U.S. owing to the regulatory requirement for a license in these two nations.
Of the total 1 billion LINK tokens, LINE intends to hand out 800 million tokens for free to users who participate in decentralized applications that are already being launched on the LINK Chain network. LINE further added that it is planning to launch three new decentralized applications in the coming months. These applications will be focusing on various types of product review via which users can earn LINK tokens in return for contributions, as stated in the CoinDesk report.
BITBOX will be holding several special airdrop events to celebrate the launch of LINK trading. As part of the first event, LINK holders will receive TRON (TRX) based on the amount of their LINK holdings. Also, TRON traders and depositors will receive airdrops of LINK. Any further updates and details on this and other special events can be found on the BITBOX website.
Crypto exchange BITBOX will also be carrying out a LINK reward event throughout October for net deposits and trades depending on the trading pairs. The exchange also plans to add more events in the future, including discounts on LINK used to pay trading fees, as stated on the LINE website.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]