LINE Corporation announced today that it had added TRON (TRX) to BITBOX, LINE’s recently launched cryptocurrency exchange. TRON (TRX), a global decentralised blockchain platform, is the first coin project to pass the review process by the BITBOX open-listing committee.
The open-listing committee and review process is part of BITBOX’s principle that all projects in the cryptocurrency community deserve an equal opportunity to be listed on the exchange. BITBOX is now accepting applications from other coin projects that want to join the exchange and that are prepared to undergo a thorough evaluation process.
The listing of TRON (TRX) – available for trading now on BITBOX – also shows LINE’s continuing commitment to diversifying its customers’ coin options and developing its cryptocurrency exchange business. As a user-centred exchange, BITBOX is focused on expanding the range of options available for its customers, while also providing efficient and secure cryptocurrency services.
Also, to celebrate TRON’s listing on BITBOX, 9 million TRON coins will be airdropped to users on BITBOX, in a promotional event running until August 22nd.
TRON is dedicated to building the infrastructure for a genuinely decentralised internet. Since its successful Testnet launch in March 2018, TRON has followed with a series of achievements, including Mainnet launch in May, network independence in June, and testnet virtual machine launch on Testnet in July. That same month, TRON acquired BitTorrent, a pioneer in the decentralised services.
CEO if LINE Tech Plus, LINE’s Singapore-based subsidiary that operates BITBOX, Youngsu Ko said:
“Integrating TRON (TRX) with BITBOX will enable us to connect with the world’s fastest-growing blockchain project. TRON has a solid tech platform; especially now it has joined forces with BitTorrent.
We look forward to building a strategic partnership with TRON and offering our users the best experience available in the cryptocurrency space.”
Founder and CEO of Tron, Justin Sun said:
“We are very excited to partner with LINE on their launch into the cryptocurrency space. We will use our expertise in the industry to help LINE provide fast and secure cutting-edge crypto exchange services. By joining this vibrant project, we aim to reach a broader audience, extend our services to mobile, and connect the dots with our other products, which have more than 100 million users (BitTorrent, Peiwo, etc.). We are looking forward to working further with LINE on more product integration.”
Token venture fund launched by unblock corporation
In another measure 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 USD10 million, made by LVC Corporation (another LINE group company). Additionally, unblock ventures’ token fund is expected to expand in the future, according to the growth of the blockchain market.
By launching this new corporate token fund, LINE is aiming to boost the development 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.