LINE Blockchain 2022 Plans

Notice2022.03.30

Hello, this is LINE Blockchain Team.

 

Welcome to our 2022 Annual Business Plan.

With this document, LINE Blockchain aims to clarify how it does business and disseminates information.

 

**This document is also available in Korean here.

 

Purpose

■ To expand the LINE Blockchain ecosystem

■ To ensure the health of the LINE Blockchain ecosystem as it expands by increasing the transparency and understanding of the LINE Blockchain project

 

Disclaimer

This notice sets out the future plans for LINE Blockchain’s planned expansion of the ecosystem. All policies concerning LINE Blockchain will continue to be governed by the Whitepaper.

The plans set out in the notice have not been executed yet, and may be subject to change subject to the developments in the market in future, evolving laws and regulations and other commercial considerations. It is hard to predict how some of these developments may affect LINE and LN, and it is possible that LINE (and/or its affiliates) may cease support for LN in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in any jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction. There may also be unforeseen technical difficulties and shortage of development funds for activities which will affect the development of the items mentioned in this notice. We will update LN’s users about LINE’s plans from time to time and you can follow developments at https://blockchain.line.me/whitepaper to keep up to date about the latest status.

Please note that there is no guarantee or representation of value or liquidity for LN, and LN is not for speculative investment. The price of LN may also fluctuate and may also lose all value. Neither LINE, its affiliates, and/or other ecosystem members shall be responsible for or liable for the value of LN, the transferability and/or liquidity of LN and/or the availability of any market for LN through third parties or otherwise.

To the maximum extent permitted by law, LINE, its affiliates and/or other ecosystem members shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including, without limitation, any liability arising from default or negligence on the part of any of them, or any loss of revenue, income or profits, and loss of use or data) arising from the use of LINE Blockchain’s Whitepaper or any other materials or information published, or its contents or otherwise arising in connection with the same. Prospective purchasers of LN should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with LN.

Please note that only announcements made through LINE Blockchain’s official channels are authentic. Any content shared through unofficial channels are unreliable and should not be trusted.

 

Plan

1. Business Plan

1-1. Promoting LINE Blockchain as public network:

To advance the network and LINK demand mechanism

To expand the opportunities for participating subjects in the ecosystem beyond dApps

We aim to increase the stability of the LINE Blockchain network and expand the ecosystem by making it possible for anyone to run a participation node.

We aim to expand the LINK demand mechanism by making it possible for both enterprise and individual users’ node staking.

 

1-2. Adding exchanges where LINK is listed:

To expand LINK’s liquidity

To expand the number of LINK holders and its usage

Increasing the number of exchanges where LINK is listed is critical for the popularization of the LINK project and the successful expansion of the ecosystem, as well as improving LINK’s liquidity. Listed exchanges are selected by LINE Tech Plus based on a thorough analysis of each exchange, including the exchange’s liquidity, regulatory response and operational ability. We are currently in discussions with several global exchanges to be added to their listings, and we will continue to actively promote this direction in 2022.

 

1-3. Partnerships with payment gateways:

To expand the practicality of LINK

To strengthen the LINK ecosystem, boost demand, and enhance LINK circulation

LINE Pay has started to offer LINK as a payment option at some online merchants (6,000+) in Japan for a trial period that began March 16.

LINK Rewards equal to 10% of the amount used will be given back to users when using LINK for payments on LINE Pay to promote the use of LINK.

 

1-4. Expansion of NFT services:

To establish the world’s No. 1 NFT platform

To provide new blockchain-based user value and added value

To enhance LINK circulation

The global NFT platform “DOSI” will be launched in the first half of 2022 in 8 languages and in 180 countries. Its launch was scheduled for the first quarter of 2022 but the date was postponed to meet the fast-growing interest in the NFTs and to introduce better services with more partners on board.

The NFT Market Beta service on the LINE BITMAX Wallet in Japan is in preparation for the launch of “LINE NFT,” where the official version of the Japanese NFT service will open on April 13th 2022. Users in Japan will be able to purchase and trade NFTs for a variety of IP contents by using LINK and/or cash.

These moves are designed to expand users’ payment options, increase convenience, and grow the real-life usages for LINK. Please note that LINK payment service may be limited in some markets (such as Singapore) depending on their regulatory environment.

 

1-5. Expansion of GameFi business:

To stimulate the LINE token economy

To stimulate use cases for LINK and DOSI Wallet

We plan to expand LINK’s real use cases and increase the number of DOSI Wallet users by launching the GameFi SDK and portal site in the third quarter of 2022.

We plan to create a virtuous cycle for LINK holders and dApp partners by distributing rewards for their contributions to the LINE token economy through the LINK Rewards algorithm.

 

1-6. Expansion of entertainment NFT business:

To stimulate the LINE token economy

To stimulate use cases for LINK and DOSI Wallet

To provide LINE Blockchain-based entertainment NFT content

LINE NEXT Inc. aim to launch a marketplace specializing in entertainment content on DOSI in the second quarter of 2022. IP contents provided by NAVER NOW, YG PLUS and other content companies will be integrated with DOSI Wallet. This is to further develop NFT content for celebrities and provide diverse content services.

 

1-7. Expansion of LINE Metaverse:

To stimulate use cases for LINK and DOSI Wallet

To create an avatar-based metaverse ecosystem

To stimulate LINE’s future communication platform & economy

We plan to launch a new avatar-based NFT project on the DOSI platform in the second half of 2022. Starting with a “mini-me” avatar service that represents oneself, we will provide a space to form relationships with avatars and users and further expand to the LINE Metaverse, an open space that enables NFT-based asset development and economic activities. We also aim to support an avatar SDK that will enable any content to be extended on Web3, and bolster it to LINE’s future communication platform.


** All plans mentioned here are unrealized, thus they are subject to change or deletion anytime depending on the situation of the market, regulatory environment or business development. In the event of major changes, the reason for the change and revised contents may be posted, and detailed notices will be made through LINE Blockchain’s official channel only when the business plan is implemented in practice.

** All business plans can be implemented directly by LINE Tech Plus or through partnerships with LINE’s internal or external services.

 

2. LINK Issuance Plan

2-1. Purpose of new LINK issuance and distribution:

LINK will be newly issued and circulated according to the principles of LINK issuance and LINE Blockchain’s 2022 business plan.

User rewards for those who use LINK as payment and lending, to expand the usage of it

User rewards for those who contribute to the service by activating dApps and the LINK Blockchain platform

DApp support program

 

2-2. Volume of new circulating supply (estimated):

Period: 2022.01.01 – 2022.12.31
Volume of new circulating supply:

□ Legal tender based: JPY 8.5 billion – JPY 17 billion worth of LINK (based on the price at the time of distribution)

□ LINK based: 500,000 LN – 1,000,000 LN (based on the 30 day average closing price)

□ Issuance based: 8.8% – 16.7%

□ Estimated circulation: 6,476,023 LN – 6,976,023 LN 

The volume of new circulating supply is an estimate and may vary according to the expansion and activation of dApp services, user participation, and market price of LINK. The reason for such changes and revised contents may be announced in the event of major fluctuations in the volume of the new LINK circulating supply. The actual circulating volume may decrease when the LINK price increases by more than the time of announcement. New circulating supply refers to the quantity that can be issued and distributed in addition to the cumulative issuance amount (5,975,023 LN) as of this document’s publication date.

 

2-3. Definition of LINK issuance limit and the circulation amount:

LINK issuance was capped at 100 million for three (3) years from its initial issuance, with 5% increases annually thereafter. That means the issuance limit becomes 105,000,000 LN in the fourth year and 110,250,000 LN in the fifth year, etc.

The initial issuance date of LINK was September 3, 2018, so the original three (3) year period ended on September 4, 2021. The first one (1) year increase in the issuance limit occurs from September 4, 2021 to September 3, 2022.

However, “LINK issuance limit” does not refer to the LINK circulating supply. The actual supply distributed to users increases gradually as the ecosystem expands. There will be no additional circulating supply if there is no user participation in the dApps, even if the LINK has been issued already. In addition, even if LINK Rewards are granted as a reward for participating in a campaign and contributing to the service, the quantity that has not been converted to LN by the expiration date will not be included in the circulation but will be retrieved.

With LINK being distributed gradually through our user reward system, we have two different categories for how we classify rewards: the amount of the issuance limit (Issuance, Mint) issued and stored by the LINK Blockchain on the chain, and the amount of the circulating supply distributed to the market through repeated dApp usage. (Whitepaper)


** The issuance and distribution plans for LINE Blockchain included in this document are estimates and are subject to change depending on the expansion and activation of dApp services, user participation, and the market price of LINK. The reason for such changes and revised contents may be posted in the event of major fluctuations in the volume of the new LINK circulating supply.

 

Related Materials

LINE Blockchain Whitepaper: https://blockchain.line.me/whitepaper

LINE Blockchain Factbook: https://blockchain.line.me/wp-content/uploads/2022/03/ENQ4-2021-LINE-Blockchain-Factbook.pdf

 

Related Products

■ LINE Blockchain Website: https://blockchain.line.me

■ LINE Blockchain Developers: https://blockchain.line.biz

■ LINE BITMAX Wallet: https://wallet.bitmax.me

■ LINE BITMAX: https://www.bitmax.me

■ BITFRONT: https://www.bitfront.me 

■ DOSI Teaser Site: https://dosi.world/

 

Contact

■ General Inquiries: contact@link.network

■ Business Partnership: blockchain_biz@linecorp.com

■ Technical Support: blockchain@linecorp.com

LINE Blockchain 2022 Plans

LINE Blockchain 2022 Plans

Notice・2022.03.30


Hello, this is LINE Blockchain Team.

 

Welcome to our 2022 Annual Business Plan.

With this document, LINE Blockchain aims to clarify how it does business and disseminates information.

 

**This document is also available in Korean here.

 

Purpose

■ To expand the LINE Blockchain ecosystem

■ To ensure the health of the LINE Blockchain ecosystem as it expands by increasing the transparency and understanding of the LINE Blockchain project

 

Disclaimer

This notice sets out the future plans for LINE Blockchain’s planned expansion of the ecosystem. All policies concerning LINE Blockchain will continue to be governed by the Whitepaper.

The plans set out in the notice have not been executed yet, and may be subject to change subject to the developments in the market in future, evolving laws and regulations and other commercial considerations. It is hard to predict how some of these developments may affect LINE and LN, and it is possible that LINE (and/or its affiliates) may cease support for LN in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in any jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction. There may also be unforeseen technical difficulties and shortage of development funds for activities which will affect the development of the items mentioned in this notice. We will update LN’s users about LINE’s plans from time to time and you can follow developments at https://blockchain.line.me/whitepaper to keep up to date about the latest status.

Please note that there is no guarantee or representation of value or liquidity for LN, and LN is not for speculative investment. The price of LN may also fluctuate and may also lose all value. Neither LINE, its affiliates, and/or other ecosystem members shall be responsible for or liable for the value of LN, the transferability and/or liquidity of LN and/or the availability of any market for LN through third parties or otherwise.

To the maximum extent permitted by law, LINE, its affiliates and/or other ecosystem members shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including, without limitation, any liability arising from default or negligence on the part of any of them, or any loss of revenue, income or profits, and loss of use or data) arising from the use of LINE Blockchain’s Whitepaper or any other materials or information published, or its contents or otherwise arising in connection with the same. Prospective purchasers of LN should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with LN.

Please note that only announcements made through LINE Blockchain’s official channels are authentic. Any content shared through unofficial channels are unreliable and should not be trusted.

 

Plan

1. Business Plan

1-1. Promoting LINE Blockchain as public network:

To advance the network and LINK demand mechanism

To expand the opportunities for participating subjects in the ecosystem beyond dApps

We aim to increase the stability of the LINE Blockchain network and expand the ecosystem by making it possible for anyone to run a participation node.

We aim to expand the LINK demand mechanism by making it possible for both enterprise and individual users’ node staking.

 

1-2. Adding exchanges where LINK is listed:

To expand LINK’s liquidity

To expand the number of LINK holders and its usage

Increasing the number of exchanges where LINK is listed is critical for the popularization of the LINK project and the successful expansion of the ecosystem, as well as improving LINK’s liquidity. Listed exchanges are selected by LINE Tech Plus based on a thorough analysis of each exchange, including the exchange’s liquidity, regulatory response and operational ability. We are currently in discussions with several global exchanges to be added to their listings, and we will continue to actively promote this direction in 2022.

 

1-3. Partnerships with payment gateways:

To expand the practicality of LINK

To strengthen the LINK ecosystem, boost demand, and enhance LINK circulation

LINE Pay has started to offer LINK as a payment option at some online merchants (6,000+) in Japan for a trial period that began March 16.

LINK Rewards equal to 10% of the amount used will be given back to users when using LINK for payments on LINE Pay to promote the use of LINK.

 

1-4. Expansion of NFT services:

To establish the world’s No. 1 NFT platform

To provide new blockchain-based user value and added value

To enhance LINK circulation

The global NFT platform “DOSI” will be launched in the first half of 2022 in 8 languages and in 180 countries. Its launch was scheduled for the first quarter of 2022 but the date was postponed to meet the fast-growing interest in the NFTs and to introduce better services with more partners on board.

The NFT Market Beta service on the LINE BITMAX Wallet in Japan is in preparation for the launch of “LINE NFT,” where the official version of the Japanese NFT service will open on April 13th 2022. Users in Japan will be able to purchase and trade NFTs for a variety of IP contents by using LINK and/or cash.

These moves are designed to expand users’ payment options, increase convenience, and grow the real-life usages for LINK. Please note that LINK payment service may be limited in some markets (such as Singapore) depending on their regulatory environment.

 

1-5. Expansion of GameFi business:

To stimulate the LINE token economy

To stimulate use cases for LINK and DOSI Wallet

We plan to expand LINK’s real use cases and increase the number of DOSI Wallet users by launching the GameFi SDK and portal site in the third quarter of 2022.

We plan to create a virtuous cycle for LINK holders and dApp partners by distributing rewards for their contributions to the LINE token economy through the LINK Rewards algorithm.

 

1-6. Expansion of entertainment NFT business:

To stimulate the LINE token economy

To stimulate use cases for LINK and DOSI Wallet

To provide LINE Blockchain-based entertainment NFT content

LINE NEXT Inc. aim to launch a marketplace specializing in entertainment content on DOSI in the second quarter of 2022. IP contents provided by NAVER NOW, YG PLUS and other content companies will be integrated with DOSI Wallet. This is to further develop NFT content for celebrities and provide diverse content services.

 

1-7. Expansion of LINE Metaverse:

To stimulate use cases for LINK and DOSI Wallet

To create an avatar-based metaverse ecosystem

To stimulate LINE’s future communication platform & economy

We plan to launch a new avatar-based NFT project on the DOSI platform in the second half of 2022. Starting with a “mini-me” avatar service that represents oneself, we will provide a space to form relationships with avatars and users and further expand to the LINE Metaverse, an open space that enables NFT-based asset development and economic activities. We also aim to support an avatar SDK that will enable any content to be extended on Web3, and bolster it to LINE’s future communication platform.


** All plans mentioned here are unrealized, thus they are subject to change or deletion anytime depending on the situation of the market, regulatory environment or business development. In the event of major changes, the reason for the change and revised contents may be posted, and detailed notices will be made through LINE Blockchain’s official channel only when the business plan is implemented in practice.

** All business plans can be implemented directly by LINE Tech Plus or through partnerships with LINE’s internal or external services.

 

2. LINK Issuance Plan

2-1. Purpose of new LINK issuance and distribution:

LINK will be newly issued and circulated according to the principles of LINK issuance and LINE Blockchain’s 2022 business plan.

User rewards for those who use LINK as payment and lending, to expand the usage of it

User rewards for those who contribute to the service by activating dApps and the LINK Blockchain platform

DApp support program

 

2-2. Volume of new circulating supply (estimated):

Period: 2022.01.01 – 2022.12.31
Volume of new circulating supply:

□ Legal tender based: JPY 8.5 billion – JPY 17 billion worth of LINK (based on the price at the time of distribution)

□ LINK based: 500,000 LN – 1,000,000 LN (based on the 30 day average closing price)

□ Issuance based: 8.8% – 16.7%

□ Estimated circulation: 6,476,023 LN – 6,976,023 LN 

The volume of new circulating supply is an estimate and may vary according to the expansion and activation of dApp services, user participation, and market price of LINK. The reason for such changes and revised contents may be announced in the event of major fluctuations in the volume of the new LINK circulating supply. The actual circulating volume may decrease when the LINK price increases by more than the time of announcement. New circulating supply refers to the quantity that can be issued and distributed in addition to the cumulative issuance amount (5,975,023 LN) as of this document’s publication date.

 

2-3. Definition of LINK issuance limit and the circulation amount:

LINK issuance was capped at 100 million for three (3) years from its initial issuance, with 5% increases annually thereafter. That means the issuance limit becomes 105,000,000 LN in the fourth year and 110,250,000 LN in the fifth year, etc.

The initial issuance date of LINK was September 3, 2018, so the original three (3) year period ended on September 4, 2021. The first one (1) year increase in the issuance limit occurs from September 4, 2021 to September 3, 2022.

However, “LINK issuance limit” does not refer to the LINK circulating supply. The actual supply distributed to users increases gradually as the ecosystem expands. There will be no additional circulating supply if there is no user participation in the dApps, even if the LINK has been issued already. In addition, even if LINK Rewards are granted as a reward for participating in a campaign and contributing to the service, the quantity that has not been converted to LN by the expiration date will not be included in the circulation but will be retrieved.

With LINK being distributed gradually through our user reward system, we have two different categories for how we classify rewards: the amount of the issuance limit (Issuance, Mint) issued and stored by the LINK Blockchain on the chain, and the amount of the circulating supply distributed to the market through repeated dApp usage. (Whitepaper)


** The issuance and distribution plans for LINE Blockchain included in this document are estimates and are subject to change depending on the expansion and activation of dApp services, user participation, and the market price of LINK. The reason for such changes and revised contents may be posted in the event of major fluctuations in the volume of the new LINK circulating supply.

 

Related Materials

LINE Blockchain Whitepaper: https://blockchain.line.me/whitepaper

LINE Blockchain Factbook: https://blockchain.line.me/wp-content/uploads/2022/03/ENQ4-2021-LINE-Blockchain-Factbook.pdf

 

Related Products

■ LINE Blockchain Website: https://blockchain.line.me

■ LINE Blockchain Developers: https://blockchain.line.biz

■ LINE BITMAX Wallet: https://wallet.bitmax.me

■ LINE BITMAX: https://www.bitmax.me

■ BITFRONT: https://www.bitfront.me 

■ DOSI Teaser Site: https://dosi.world/

 

Contact

■ General Inquiries: contact@link.network

■ Business Partnership: blockchain_biz@linecorp.com

■ Technical Support: blockchain@linecorp.com


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