BitMax has now listed LINE’s native token for trading on its platform. LINE is a Japanese company to reckon with for the provision of free calls and messages.
Not long ago, BitMax agreed to also offer the LN token from LINE to its users.
LINE earlier announced it on Aug 6 that its token would be listed on BitMax. LINE’s messaging app is used by up to 84 million people every month. With LN’s addition, BitMax will now have six crypto assets for trading. The other five are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH).
LN was first earned as a reward taken in 2018 by those who used the messaging app. BITFRONT, a crypto exchange for the global scene belonging to LINE, started exchanging LN in October of the same year.
Differences between LINK and Chainlink
Although LINE’s token is usually written in full as LINK, it has nothing to do with Chainlink which is also written as LINK. Moreover, Chainlink is almost a year older than the LN token.
To avoid controversies, LINE decided to discontinue using “LINK chain” as its blockchain name so it chose LINE blockchain instead.
On the assumption that LINE will change the name of its token, an official recently stated that it wasn’t thinking of doing so.
It appears the rise in the asset’s price is as a result of its listing on BitMax today. Its price 24 hours ago was 31.8% away from its current price of $20.99.