■ With the listing on Gate.io, users can trade LINK with Bitcoin and Tether
SEONGNAM, South Korea – September 27, 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 coming to Gate.io, one of the world’s leading cryptocurrency exchanges, beginning Sept. 28.
BITFRONT, Bithumb, MEXC and Gate.io. This is the first external exchange to offer trading between LINK with Tether, in addition to offering trading in Bitcoin, and LINE plans to continue adding exchanges so that more global users can trade LINK.
Established 2013, Gate.io offers more than 1,300 crypto assets for trading and is used by more than 12 million users in 130 countries.
To celebrate the listing, LINE and Gate.io are carrying out a “Startup” event, which will give out LINK worth US$150,000 in proportion to each user’s contribution. Details regarding the event can be found on the Gate.io website (https://www.gate.io/).
The Gate.io news comes as part of LINE’s overall moves to grow its activities in the blockchain and Web3 ecosystem. LINE NEXT Inc., LINE’s venture dedicated to developing the global NFT business, recently opened the beta version of DOSI, its NFT platform. More than 50,000 users pre-registered for DOSI Wallet, demonstrating strong interest from users around the world in LINE’s NFT projects.
■ 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 Corporation
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 Gate.io
Established in 2013, Gate.io is one of the oldest, leading cryptocurrency exchanges with over 12 million users worldwide, offering services including digital assets trade, decentralized finance, research and analytics, venture capital investing, labs and more. Verified by the Blockchain Transparency Institute (BTI), it has been consistently ranked among the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko. Additionally, Gate.io is listed in the Best Crypto Exchanges for 2021 with a rating of 4.5 by Forbes Advisor.