Announcement on Launch of New Mainnet Finschia and LINK Migration (2022.12.22)

General, Notice2022.12.15

Hello, this is the LINE Blockchain Team at LTP (hereafter LINE Blockchain).

 

LINE Blockchain will launch a new mainnet of LINE Blockchain called Finschia. As mentioned in the 2022 LINE Blockchain Business Report (url) released yesterday, LINE Blockchain has completed the development of its 3rd generation mainnet, Finschia, based on Cosmos. On the 22nd (a week from today), the new mainnet will be introduced to take the first step towards an open network.

 

Finschia is the first milestone of open networking to achieve the true value of Web3—anyone can easily and freely create and trade values and receive fair compensation. LTP will proceed with the safe migration of LINK (LN) from the existing mainnet Bamboo to Finschia in line with the official launch of Finschia.

 

This is why we are here to announce the changes to be made after the mainnet launch and LINK Migration. Please read over the information below.

 

► Block Height

Finschia will take over and record Bamboo’s final Block Height.

• Finschia’s Initial Block Height = Bamboo’s Final Block Height + 1

• Estimated Range of the Block Height at the point of operation suspension of the Bamboo Chain: 51,630,000 ~ 51,780,000 (LINE Blockchain Explorer URL)

 

► Total Supply

LINK minted and circulated on Bamboo will be fully transferred to Finschia.

Until now, there has been a discrepancy between the Total Minted Amount and Total Circulation, but the Total Minted Amount and Total Circulation will be aggregated and recorded on the same basis after Finschia. (Total Supply = Total Circulating Supply)

 

► Address System

Finschia’s address system will change. Bamboo addresses that started with hx and cx will be changed to addresses starting with Link in Finschia.

• Examples of changes

  • Bamboo: hx80F8d8036275532B8C00f400a8eAE002dE88c238
  • Finschia: link1iukazcrtk517u53h9l2l7cythd09c5e8kyAt6c

 

All of the work for LINK Migration is performed by LTP and each exchange independently, so there is no action required from individual users. Please check the announcements of each of the exchanges for detailed schedules of the deposit/withdrawal and trading services.

 

Please read below for the schedule related to LINK Migration.

 

[LINK Migration Schedule]

• Deposit/Withdrawal and Trading Services Suspension of Exchange: Depends on the exchange policy (details notified through each exchange)

• Bamboo Operation Suspension: 12/22 14:00 (UTC+9)

• Official Release of Finschia: 12/22 16:00 (UTC+9)

• Resumption of Exchange Deposit/Withdrawal and Trading Services: After 12/22 17:00 (UTC+9)

 

[Note]

• The detailed schedule of each exchange may change depending on the daily progress and internal policy.

• When the exchange deposit and withdrawal service resumes, please double-check the changed address and proceed with the deposit and withdrawal. (Recovery is impossible if incorrectly sent to the original address.)

• The serviced “DOSI Wallet” (wallet.dosi.world), “LINE BITMAX Wallet(LBW)” only handles NFTs and cannot store LINK. Please note that if LINK is wrongly transmitted to the DOSI Wallet or LINE BITMAX Wallet, the asset will be lost and cannot be recovered.

 

In addition, to check transactions on Bamboo is still available through LINE Blockchain Explorer. The scan for Finschia will be provided later through a separate Dashboard. Details on the LINK Migration can be found here(URL), and the Finschia Mainnet and new token economy will be announced through a separate post.

 

The LINE Blockchain Team is always working on expanding the blockchain and token economy ecosystem. We will continue to do our best to provide services that can be used easily and safely by the average users as well as users who are familiar with existing blockchain services.

 

Thank you for your support and interest in LINE Blockchain.

 

LINE Blockchain Team at LTP

Announcement on Launch of New Mainnet Finschia and LINK Migration (2022.12.22)

Announcement on Launch of New Mainnet Finschia and LINK Migration (2022.12.22)

General, Notice・2022.12.15


Hello, this is the LINE Blockchain Team at LTP (hereafter LINE Blockchain).

 

LINE Blockchain will launch a new mainnet of LINE Blockchain called Finschia. As mentioned in the 2022 LINE Blockchain Business Report (url) released yesterday, LINE Blockchain has completed the development of its 3rd generation mainnet, Finschia, based on Cosmos. On the 22nd (a week from today), the new mainnet will be introduced to take the first step towards an open network.

 

Finschia is the first milestone of open networking to achieve the true value of Web3—anyone can easily and freely create and trade values and receive fair compensation. LTP will proceed with the safe migration of LINK (LN) from the existing mainnet Bamboo to Finschia in line with the official launch of Finschia.

 

This is why we are here to announce the changes to be made after the mainnet launch and LINK Migration. Please read over the information below.

 

► Block Height

Finschia will take over and record Bamboo’s final Block Height.

• Finschia’s Initial Block Height = Bamboo’s Final Block Height + 1

• Estimated Range of the Block Height at the point of operation suspension of the Bamboo Chain: 51,630,000 ~ 51,780,000 (LINE Blockchain Explorer URL)

 

► Total Supply

LINK minted and circulated on Bamboo will be fully transferred to Finschia.

Until now, there has been a discrepancy between the Total Minted Amount and Total Circulation, but the Total Minted Amount and Total Circulation will be aggregated and recorded on the same basis after Finschia. (Total Supply = Total Circulating Supply)

 

► Address System

Finschia’s address system will change. Bamboo addresses that started with hx and cx will be changed to addresses starting with Link in Finschia.

• Examples of changes

  • Bamboo: hx80F8d8036275532B8C00f400a8eAE002dE88c238
  • Finschia: link1iukazcrtk517u53h9l2l7cythd09c5e8kyAt6c

 

All of the work for LINK Migration is performed by LTP and each exchange independently, so there is no action required from individual users. Please check the announcements of each of the exchanges for detailed schedules of the deposit/withdrawal and trading services.

 

Please read below for the schedule related to LINK Migration.

 

[LINK Migration Schedule]

• Deposit/Withdrawal and Trading Services Suspension of Exchange: Depends on the exchange policy (details notified through each exchange)

• Bamboo Operation Suspension: 12/22 14:00 (UTC+9)

• Official Release of Finschia: 12/22 16:00 (UTC+9)

• Resumption of Exchange Deposit/Withdrawal and Trading Services: After 12/22 17:00 (UTC+9)

 

[Note]

• The detailed schedule of each exchange may change depending on the daily progress and internal policy.

• When the exchange deposit and withdrawal service resumes, please double-check the changed address and proceed with the deposit and withdrawal. (Recovery is impossible if incorrectly sent to the original address.)

• The serviced “DOSI Wallet” (wallet.dosi.world), “LINE BITMAX Wallet(LBW)” only handles NFTs and cannot store LINK. Please note that if LINK is wrongly transmitted to the DOSI Wallet or LINE BITMAX Wallet, the asset will be lost and cannot be recovered.

 

In addition, to check transactions on Bamboo is still available through LINE Blockchain Explorer. The scan for Finschia will be provided later through a separate Dashboard. Details on the LINK Migration can be found here(URL), and the Finschia Mainnet and new token economy will be announced through a separate post.

 

The LINE Blockchain Team is always working on expanding the blockchain and token economy ecosystem. We will continue to do our best to provide services that can be used easily and safely by the average users as well as users who are familiar with existing blockchain services.

 

Thank you for your support and interest in LINE Blockchain.

 

LINE Blockchain Team at LTP


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