Japanese Internet firm, Line Corporation has revealed plans to introduce five new decentralized applications (dApps) based on the firm’s in-house blockchain technology, Link Chain and native token Link.
Line is the most popular messaging app in Japan, and has become increasingly common across neighboring Asian countries like South Korea. The company’s launch of a new set of decentralized applications underlines the intention of the company to develop the “Line Token Economy.”
Wizball and 4CAST Already On
The dApps have been revealed to cover five different categories and interests. The Wizball, with a beta version already in the market, covers a Question & Answer community where community members get rewarded for participation. 4CAST is also an app already in the beta stage, provides an opportunity for users within communities to predict future outcomes and results to get rewarded. The five dApps in total cover the following categories: Q&A, prediction, location review, food review, and product review.
TAPAS, Pasha, and STEP, are the three remaining dApps that have been scheduled for release toward the end of this year. Pasha provides a common platform for users to write reviews and to hunt for exciting products on the market through the use of photos, while TAPAS– also a review platform– is focused on the food industry and provides necessary information on thousands of registered eateries across the country. STEP perhaps could be the most fun among the five dApps, with the application serving as a modern social media platform to share stories of recreational activities, travels and also holiday trips.
Being on the Line Token Economy provides a perfect platform for users to earn Link Points (for users based in Japan) or Link (for markets outside Japan), solely by participation and significant contributions in respective communities. The tokens–Link Points and Link– are both viable means of payments as they would be redeemable (starting 16th October) on Line’s cryptocurrency exchange, Bitbox.
With its market majorly in Asia, the company is now considering the various possible integration of the blockchain technology in lesser developed countries.