A Token Economy for the Real World
LINE’s token economy is designed
to be easily implemented by existing users and services.
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Contribution Based RewardsRewards issued based on users’ activities for the service |
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Business AccelerationLINK allocation for adding additional value on the service |
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Wide range of UsagesDiverse usages on unlimited range of industries |
About LINK
LINK (LN) is the base coin of the LINE Blockchain, distributed to contributors based on network growth. It can be used for a diverse range of services, helping to drive its wider popularization.
- Unit PriceUSD 82.85
- Circulation Supply 5,974,243 LN
- Market CapUSD 494,982,596
- Trading Volume (24h)USD 1,949,422
Amount In Circulation: 5,974,243LN
Current Value: 82.85USD
Token Economy Flow
Service Level
Users receive rewards based on their contributions according to the reward policy of each service. LINK can be used in a variety of ways, such as paying for content, engaging in e-commerce or transfers, trading game items or exchanging with other crypto assets. LINK holders can benefit in many ways, such as exercising influence or authority within the service or receiving benefits, etc.
Platform Level
LINE Blockchain can charge fees for platform usage, including generating transactions.
LINE Blockchain platform fees are paid by each service or user according to the service’s policy, and the fees can be paid either in the form of a direct payment or through staking-based resource allocation.
Distribution Plan
User Rewards (80%)
800 million LINK / Rewarded by Service developers in accordance with their user-compensation policies.
Reserves (20%)
200 million LINK / Managed by LINE Tech Plus, the issuer of LINK, as a reserve.
User Rewards
User rewards will be issued based on user-contribution activities to Reward dApps. The rate of user reward issuance will be determined by the growth of the LINE Blockchain ecosystem’s internal value. The eventual opening of LINE Blockchain Network node participation will allow for user rewards to be paid as node operational compensation as well.
Reserves
Reserves are allocated for network expansion, and will be used by the LINK Secretariat for, including, but not limited to, LINE Blockchain operational expenses (including, without limitation, R&D and infrastructure expenses), service acceleration, and marketing, etc. Reserves will only be issued after public announcements are made in advance through official communications channels.
The maximum issuance of LINK is capped at 100 million for three years since the initial issuance and after the 100 million is reached, the cap is to increase by 5% annually thereafter. Out of the maximum issuance limit, the actual circulation amount will be determined according to the network value of LINE Blockchain and the subject of decision will be LTP.