In brief: Line launches first dApps on its blockchain

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Line Corporation  has announced plans to launch five new decentralized apps (dApps) in the following service categories: prediction, Q&A, product review, food review, and location review using social media.

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The announcement was made during a press conference where the company disclosed detailed specifications and technology on its Line Token Economy concept. Additionally, Line will begin offering its own digital token Link (for markets outside Japan) from the global digital asset exchange Bitbox starting October 16.

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The Line Token Economy concept uses Line’s internally-developed blockchain network, Link Chain (mainnet), to build a Link ecosystem that aims to flatten the relationship structure between users and service providers to promote co-creation and mutual growth.

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Source: Line

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The Japanese messaging app unveiled its Link blockchain and cryptocurrency in August, creating “a reward system that gives users tokens as compensation for using certain services like ecommerce and social gaming within the Line ecosystem.”

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The token will be distributed on Bitbox, Line’s own cryptocurrency exchange.