■ Global users can trade LINK with Bitcoin on MEXC digital asset exchange
■ The Deposit & Hold to Earn Event, worth US$40,000, is being held to commemorate the listing
TOKYO – August 12, 2022 – LINE Tech Plus, a subsidiary of LINE Corporation and operator of LINE's crypto asset and blockchain-related businesses, announced today that LINE’s crypto asset LINK is now available on MEXC Global, a leading digital asset and cryptocurrency trading exchange.
MEXC is an exchange that employs high-performance matching-engine technology capable of handling a gigantic 1.4 million units per second, and provides more than 1,400 crypto asset trading services in 70 countries. Users can trade LINK (LN) with Bitcoin (BTC) on MEXC. With this exchange, LINK now can be traded on BITFRONT, LINE BITMAX, Bithumb, and MEXC. LINE plans to further expand LINK's liquidity and strengthen its ecosystem by listing on one more global exchange.
In addition, LINE and MEXC are holding the Deposit & Hold to Earn Event, valued at US$40,000, to commemorate the new listing. When a holder deposits 1 LINK or more to MEXC, that holder will join a pool of US$5,000 worth of LINK, in proportion to the deposit amount. Furthermore, the top-30 LN holders on MEXC will win a share of a LINK prize pool worth US$20,000. Plus, an additional event will distribute US$15,000 worth of LINK for users holding over 10 LN on MEXC but less than the top-30 (maximum of 3 LN in rewards per person). Deposit & Hold to Earn Event ends August 15. Users in certain regions not eligible to enter.
LINE has been broadening LINE’s blockchain ecosystem and token economy. In April, LINE launched LINE NFT, a comprehensive marketplace for global non-fungible tokens (NFTs) in Japan through its crypto asset and blockchain-related business developer, LINE Xenesis. In addition, LINE NEXT Inc., LINE’s venture dedicated to developing and expanding the global NFT ecosystem, recently opened the DOSI Store for trading NFTs on the global NFT platform DOSI (currently in teaser release) and welcomed brands and companies to sell NFTs. LINE will continue to build NFTs and a Web3 ecosystem where all partners can grow together.
■ LINK Overview
• Name: LINK (LN)
• Issuer: LINE TECH PLUS PTE. LTD.
• Unit: LINK
• Number of tokens issued: Limited to 1 billion (800 million to be issued as user incentives and 200 million are LTP’s reserves)
• Description: LINK is a crypto asset issued using LINE Blockchain (formerly called LINK Chain), LINE’s proprietary private blockchain network.
■ About LINE
Based in Japan, LINE is dedicated to the mission of “Closing the Distance,” bringing together information, services and people. The LINE messaging app launched in June 2011 and since then has grown into a diverse, global ecosystem that includes AI technology, fintech and more. LINE joined the Z Holdings Group, one of the largest internet service groups in Japan, following the completion of a business integration in March 2021.
■ About MEXC Global
Established in April 2018, MEXC Global is a digital asset trading platform with over 7 million users, which offers users one-stop services, including spot, margin, leveraged ETFs, derivatives trading, and staking services. The core members of the team come from international enterprises and financial companies and have experience in blockchain and financial industries.