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LINE Announces 5 Dapps in Push to Build Its Token Economy

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

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

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

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

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

The release added:

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

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

LINE start with announced it would support dapps on its platform in April, when it presented a roadmap for its blockchain.

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

Line app image via Peter Austin / Shutterstock

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