Over the past few years, many companies have launched their own tokens, and one of the latest to hit the crypto markets is the LINK token. It is the proprietary crypto token that belongs to the Japanese messaging behemoth LINE’s crypto services subsidiary LVC Corporation. LINK’s appearance is a testament to the sort of resurgence that has happened in altcoins in recent times.
LVC Corporation announced that trading in the token is going to begin in Japan this April. This could well prove to be another major opportunity for crypto traders in Japan who are always on the lookout for the next big thing.
In this regard, it is important to point out that the LINK token is already available to traders who use the BitBox crypto exchange, which is the international crypto offering from LINE. LINK has been available on BitBox since as far back as October 2018.
The technology behind the project is quite interesting. The cryptocurrency allows a holder to use a large number of services and decentralized applications, and those are some of the factors that make it unique in the crypto sphere.
The emergence of LINK is another example of the rise in the number of cryptocurrencies that are linked to messaging services. In addition to LINK, some of the other cryptocurrencies linked to messaging apps are those created by Telegram and the upcoming stable coin from social media behemoth Facebook.
It has now become quite clear that messaging services have managed to build their very own sub-economy of sorts in the crypto sphere. It is likely that many other tokens might be launched in the near term. At the end of the day, many of these companies are backed by giant corporations, and the LINK token is the latest in a relatively long line.
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Joseph Spezzano received a Masters Degree in computer science from The University of Massachusetts. Joseph has been working as a full-time blockchain programmer for the past 5 years. In his spare time, Joseph enjoys writing for CryptocurrencyInvestments.com and traveling.