LINE Announces 5 Dapps in Push to Build Its Token Economy | Crypto

Trendy news on Computing Technology

serverpoint hosting banner

Messaging giant LINE has officially announced the first five decentralized apps (dapps) to launch on its custom blockchain platform.

The company said in a press release Friday that prediction, question-and-answer, product review, food review and location review dapps will launch in the coming weeks as the company works to up its own economy. As part of that effort, LINE will also begin offering its link to markets outside Japan through its BitBox next month, although not within the U.S.

The dapps specifically will be called Wizball Overview, which rewards for answering questions; 4CAST Overview, which creates a prediction market; Pasha Overview, which rewards for posting product reviews; TAPAS Overview, which similarly rewards for posting food reviews; and STEP Overview, which incentivizes to “share their stories of recreational activities and holiday trips.”

While the review dapps will be released sometime in 2018, no timeline was provided for for Wizball or 4CAST, both of which remain in beta versions at the moment. Moreover, the latter two are in Japanese only for the moment.

The moves are part of a broader effort to build a “co-creation economy,” the company explained.

The release added:

“The LINE Token Economy concept uses LINE’s internally-developed blockchain network, LINK Chain (mainnet), to build a LINK Ecosystem that aims to flatten the relationship between users and service providers to promote co-creation and mutual growth … LINE is preparing to publicly release a development kit in anticipation of third-party services to join the LINK Ecosystem starting 2019 (tentative).”

Releasing this kit will allow service providers to join a token economy without need to develop their own blockchain platform, the release added.

Also Read:  AMD makes first 7 nanometer CPU and GPU and performance competitive with Nvidia

LINE first announced it would dapps on its platform in April, when it released a roadmap for its blockchain.

The company has since announced newer details of its platform, including that it plans to go live with its LINK token and a scaling solution in December.

Line app image via Peter Austin / Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

You might also like More from author

Comments are closed.