Messaging Giant LINE Adds TRX On Its BITBOX Exchange, Price Up 10%
Messaging Giants LINE Adds TRX On Its BITBOX Exchange
Messaging giants LINE corporation recently launched that they have added TRX to Bitbox which is LINE’s own crypto exchange. Notably, TRON (TRX) is the first coin to pass the rigorous review process by the BITBOX open-listing committee.
— BITBOX (@bitbox_official) August 15, 2018
To mark this instant, the Singapore-based crypto exchange declared an airdrop of up to 9 million TRX tokens. TRON’s Founder Justin Sun announced this news from his widely followed Twitter account.
— Justin Sun (@justinsuntron) August 15, 2018
Token Venture Fund Launched By LINE’s Subsidiary
In a scheme to develop a blockchain startup ecosystem, LINE’s subsidiary Unblock corporation recently established “unblock ventures ltd.,” a corporate token venture fund. Unblock ventures focus on token investments and have a capital commitment of $10 million USD, made by LVC Corporation. Besides, unblock ventures’ token fund is expected to expand in the future, according to the growth of the blockchain market.
Based in Korea, unblock corporation is a subsidiary of LINE Plus Corporation, concentrating in blockchain technology. Since its launch in April 2018, the company has been tasked with designing a token economy, performing market research on cryptocurrencies, and developing an accelerator program.
By originating this new corporate token fund, LINE is aiming to boost the expansion and adoption of cryptocurrencies and blockchain technology. As such, LINE is one of the first publicly traded corporations to formalize token investments through a corporate fund.
Tron Having A Bull Run After The Listing
Following the report of TRON being listed on BITBOX, TRON gained close to 14% and is assumed to be back on a bullish run.
Earlier this year LINE Corporation had created LINE Financial Corporation which is part of an effort from LINE to ensure themselves a firm standing in the financial business world, along with the cryptocurrency world. The financial services that LINE offers will be combined with the LINE Pay app, which implies that they can still use it to transact virtual currencies, start loans, and all the other services they use with cryptocurrency.