The LINK ecosystem is the cryptocurrency (digital token) environment that shares the general-purpose coin LINK. We aim to build a token economy that can be used by anyone in their daily lives. The LINK ecosystem is based on the following three principles.
Rewarding those who participate and help build value within the LINK ecosystem.
Creating a thriving ecosystem and token economy joined together by a single cryptocurrency.
Designed for everyone
A cryptocurrency that’s natural and easy for regular people to use within the LINK ecosystem.
There are three types of participants in the LINK ecosystem.
LINE Tech Plus (“LTP”):
The organization responsible for issuing LINK, as well as setting and managing the LINK issuance policy.
Services that participate in the LINK ecosystem and that have the following roles:
Distributing LINK rewards: Establishing and operating reward policies and systems for each dApp service and paying rewards to users.
Providing channels for using LINK: By developing uses for LINK, dApp developers help to shape and grow LINK’s value and functionality.
The users of LINK dApps are also contributors, with the role of engaging in and using the LINK ecosystem and its services.
Singapore-based LINE Tech Plus (LTP) plays the following roles for the LINK ecosystem:
Sets and manages issuance and allocation policies
Issue LINK and distributing them to each service.
LINK financial integrity management
Track the flow of LINK and fiat money in the LINK ecosystem to manage the balance of the entire system.
LINK legal and financial management
Operate an ongoing legal and financial compliance program to ensure the LINK ecosystem adheres to relevant laws and regulations.
Carry out marketing activities for LINK to expand the LINK ecosystem.
Users can participate in the LINK ecosystem by joining any LINK dApp. Users will get a single LINK account and wallet for the services they join. After joining, they can acquire LINK by participating in the services and they can enjoy the payment features and other benefits for the various LINK dApps.