Bitcoin Forum

Social Network giant LINE is coming in crypto with their own coin, the ticker will be LINK (LN)! Line coin will be trading on Bitmax exchange in April 2020. This is really a great news and now I assume all the giant social network will have their own coin like the Reddit coin, VK coin and so on. So, do you see a crypto adoption because of these? Lave your comment, guys.

News source: https://coinspace.com/news/exchanges/messaging-company-line-commence-link-trading-japanese-exchange-bitmax

I haven´t heard about Link so it wouldn´t be a real giant right? Be careful about these "hot" coins, the situation will be same as with Bittorrent token, for example. Price pumped at first due to FOMO phase, but look now at the price, 80% down since 5 months.

Both Facebook and Telegram failed to officially launch their coins as they were shutdown by regulators. VK also have created their coin, in fact it happened a year ago, but it's still unclear if its a real crypto or not, and it seems like it largely flopped as there's no much adoption even on their own platform.

So, it seems like so far social networks failed to enter the crypto space, and it's a good thing - we don't need these centralized data-harvesting companies in this sphere, we have plenty of centralized shitcoins even without them.

Facebook and telegram were blocked by regulators and will never come into existence . I am sure the same will happen to the this one also. The cannot be termed as cryptocurrency as they were created to fuel their own project.

Of what good has other social media coins done to the crypto space. Facebook was rejected its place. Telegram, which has GRAM, I am still thinking of its impact, which I am yet to find. Anyways, I see it as a way of bringing in more money to their network, which might be good for them.
It would have been good if their sole aim is to bring in more adoption to the crypto space.
Other are likely to emulate the same idea, which I will not be surprised to see.

I don't even see this will bring a lot of adoption to the crypto. As far as i know, the dapps that already created by link (line) is still lack of demand. You can even check it by visiting bitbox exchange site which is a part of link ecosystem that works on the decentralized exchange site for link ecosystem.
Some dapps already exist in the link ecosystem but link coin still lacks usefulness.

I have even used one of its dapps services and my impression was not so good with it. Just because link gets listed on bitmax doesn't mean that it will give massive adoption for link.

It will looks only they create this coins just to make money from it. If they really want to have addoption of this coin they should make more demand and give rewards  for every users for a certain task before circulating the supply of this coins in the market.
If there is no demand this is nothing but just an ordinary coins in the market.

I don't know how can this be considered as a big news, according to the article,


So obviously, being a Japanese company, they would have to launch it in their country initially. The question is, they've own BITBOX, why not launch it instead of Bitmax?

And regarding the OP's question, how can it bring adoption when it is going to be slam by the US government? The like of Facebook's Libra and Telegram's Gram has faced a lot of backlash and opposition all over.

... the ticker will be LINK (LN) This is confusing! LINK or LN?
Even is another shitcoin, which I will never buy or use, the only good thing I see into this is the awareness it brings on bitcoin, cryptocurency and blockchain.

Do they do it to get profit? We all know that all crypto prices are going up. This has an impact on all token sales. Many projects sell tokens just to make a profit. They only take the opportunity at this time.
This is the shitcoin. Just see when the price of bitcoin fell like 2018. Many altcoins are unable to survive.

This is a great news for the whole cryptocurrency world as efforts are ongoing to mass adopt it. The project seems to be a good one and it may take off in the future. I personally say this as Japan is adopting cryptocurrency and the Line is Japan's leading messaging company. I think I will buy some LINK tokens once it is listed.

This will be the new trend now, companies countries creating their own token and possibly launching an ICO it's like a domino effect it happened in the past and it's now happening but now big players in the industry and powerful countries creating their own coin and joining the game, definitely something we all want to happen.

Nowadays, all such moves are made for profit. It is not yet fully understood how exactly this goal will be realized by the project, and how they are going to provide liquidity.
After all, coins already exist within the framework of the social network itself, and the largest number is probably directly in the hands of developers.

That is, just to release a dummy on the market without anything, they are unlikely to be able, one way or another, they will have to conduct something like a fundraiser.
Although if it is really a large social network, it should have investors and significant reserves of finances, which can allow for a similar adventure with the release of shit coins on the market.

Another speculation.

I agree. They are made only for profit and they are all centralized. Only fully centralized projects with real life use cases will have success.

For the mass adoption we need this giant company to enter this industry for exposure and for their active users as well to transfer and learn about cryptocurrency. Though they badly needed to enter in this industry because their competitors will eat them alive if they don't. They saw the real potential of blockchain and cryptocurrency that's why they need to adopt for the future.

Crypto" adoption is nothing without its ideals like decentralization, transparency, immutablity, censorship resistant, etc These are what makes cryptocurrency sweet. If you give me lots of money to create a centralized cryptocurrency, I will be very offended and probably tear the money in pieces. Just kidding (guess I will just ignore)

This will be useful for korean traders and investors as kakao talk line is famous in this country. I know that crypto is fast approaching to mass adoption and even these giant networks are opening up opportunity to launch their own coins. Actually social blockchain is good but if the purpose of the coin or token cant be implemented well on their social app line then the token will turn into a pump and dump coin same with those giant projects. Anyway we will see how the project position when it launched.

Maybe it was great but not this time until it is proven to be great and not just like Libra which it turns into nothing.
For this system, adoption is not all about having big names and known to everyone (just like Facebook) but matters on how it proceeds to the market and SEC regulation for farther investigation.

We don't want to end LINE shortly for its journey to crypto and could say that this is another shitcoin coming to town. If they could provide the needed requirements for SEC regulation, then they'll be fine and may investors will consider for this but if not, then it is no other just like Libra.

Last year was exchange coins Binance, Huobi Token......
now messenger apps
next tech company's
after other large company's
then you can sent some money to celebs
and politicians want say not to buy some coins of them
at that stage some smart average private person says heck i make a cost nothing coin and pump it like crazy

and, back to realty
 

I have heard this news since a few months ago, I feel this is a good business step.  Line is one of the biggest social media in the world, I hope this will be able to make cryptocurrency is increasingly known to the world, especially active users of LINE.

When a company is a company and they have a crypto currency of their own, I just don't get exactly "why" they do it? I mean in the end we all know its not the shares, some morons think its like shares but it has nothing to do with it, the shares are different from the coins and you will not see a single profit from it.

Let's say link does this and creates their own coin and in 2 years they become the biggest chat app in the whole world with over a billion people using it every single day, bigger than whatsapp, telegram, facebook kakaotalk and all of that combined, do you really think that the coin owner would profit from it? No. The shareholders and board members etc would profit from it but the coin owners would get nothing. So, whats the purpose of the coin then?

Its free money for the creator. Cost next to nothing to produce sell it for as much as you can get away with.
People buy any junk in the hope of waking up rich, even stablecoins.

This is really good news that big companies are showing interest in cryptocurrency. Today I saw an article that Japan is preparing to launch its own coin, I felt too good at that time. Because what I am supporting for years time, many developed counties and giant companies are seeing today. I believe with these social network coins and many nation's own coins, mass adoption is happening gradually.

I am hoping for the video industry like Netflix, Youtube and other to their own too. If they are going to leave this aside, surely there will be a project who will surpass them and it'll be too late for them to know they are left behind. It's nice seeing blockchain spreads in all different a=parts of the industries.

I think Line has announced their coin and crypto project long time ago but i still think it is great to see that they are finally launching it and yes it will help crypto market to grow, the trust in coins will grow and adoption will become a reality, i think more big names will be launching their own coin in coming years to ride the crypto waves.

In the modern world, social media is one of the needs to express themselves, share and relate to others in a wide network. This niche has a very strong market, so there arises a large community in social media with millions of users such as Facebook, Telegram, Instagram, etc. Crypto industry captures a good signal from this niche to be developed, Facebook started despite many pros and cons, and continued with several other social media. This large community can move people to get to know cryptocurrency, with increased utility and ease in using coins or tokens that are made will provide increasingly powerful functionality. So it's natural that more and more providers are using cryptocurrency to expand their market reach.

Another useless shit coin will be thrown into the cryptocurrency market. To be honest, I don’t understand a bit about what kind of VK reddit coins are you talking about.
After all, this is just the internal currency of these services in no way connected with the cryptocurrency. And I do not think that we will see them in the cryptocurrency market in the future.
Although who knows now, any project is trying to shove its useless coin into the market.