Japanese Messaging App to Launch Crypto Exchange

In more than two weeks since the leak of the information about Line Corporation launching its cryptocurrency exchange, the company made a public announcement confirming the rumors
31 January 2018   740

On January 10 we have reported that according to the anonymous source of Bloomberg, the Line Corp. was working on the integration of cryptocurrency into its own messenger.

On January 31, Line Corporation officially announced that it had established a new company, Line Financial Corporation as a follow-up to Line Pay, which is a mobile money transfer and payment service available on the Line messaging app, in order to reinforce its position in the financial business domain.

Line Corporation has claimed that it would use the new company as a base preparing to provide different financial services, including a place to exchange and transact digital currencies, loans, and insurance making it all possible through the Line application.

In addition to the high-level of security that Line has cultivated for use in its day-to-day messages, the company aims to actively promote research and development of technologies such as blockchain and provide a financial service that is convenient and safe to users. Line is actively engaging in hiring persons who are experts in these technologies and in finance.

Line Financial Corporation Overview

As it was stated in the official announcement of the company, the application process for registration as a virtual currency exchanger has already been started with the Financial Services Agency, and it is currently being revieved.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   91

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.