When it became known that the Telegram is being prepared
to issue its own cryptocurrency Gram and hold ICO, other major technology companies also began to pay more attention to this idea.
LINE, developer of the popular in Asia messenger, intends in the near future to create their own cryptocurrency. It will be known as LINE Q, and will mainly serve to reward users for their activity on the platform because the success of such platforms depends on their users.
At the moment, information about LINE Q is little known. LINE has long been working on the infrastructure of their own blockchain. Create your own cryptocurrency based on this technology will be the next step.
Contrary to expectations, this cryptocurrency will not be sold through ICO or something like that. Tokens will be issued to users as a reward. The company is very proud of the fact that the ICO will not conduct or in any other way to sell the tokens. The company’s goal is not to collect additional funds, but rather to create a useful ecosystem service, based on the technology of the blockchain.
«The company LINE more than 200 million users, and we have extensive experience in building services that can give us a competitive advantage in the cryptocurrency industry,» — said the head of the technological Department Evin Park (Euivin Park).
To date, no one will be denied the success of tech giants company LINE. However, new priorities such as technology of the blockchain, cryptocurrencies, loans and insurance, bring it to a new level. Now the company is waiting for approval from the FSA of Japan its requests for the launch of cryptocurrency exchanges. According to plans, the exchange should begin work later this year.