The LINK Team has discovered a recent rise in false and deeply misleading rumors regarding LINK, specifically, that LINE intends to issue and sell LINK on exchanges.
By publishing an official statement on its official Medium*, LINK has affirmed that “the rumors are completely and categorically false.”
The statement indicates that LINE will never attempt to raise revenues by selling LINK to users on any exchanges, regardless of the circumstances.
And the budgets used on user-rewards and marketing activities — including the BTC rewards for LINK Prestige Club — will completely be funded by LINE’s own funds.
LINK has always been transparent about its issuing status, with that information publicly available on LINK Scan (https://scan.link.network/) on a real-time basis.
Additionally, LINK has declared that LINK dApps only distribute LINK according to their distribution rules, and NONE of those dApps use LINK for sales or assetization in any market.
BITBOX has never privately used or sold LINK as well. LINK did admit that some of the confusion may come from the “20% Reserves,” as described in the LINK White Paper.
However, those Reserves are only to be issued to expand the LINK ecosystem, such as benefits for LN holders or dApp activations.
Neither LINE nor its subsidiaries will ever conduct self-sales of LINK to users on any exchanges.
No LINK has been issued or used from the Reserve pool. Before any LINK is ever issued from the reserves, the LINK Team will make an official announcement on LINK Scan and LINK’s official channels.
At the end of the statement, LINK Team asserted that LINE prioritizes the lawful and transparent operation of LINK in order to build the best-possible blockchain/cryptocurrency ecosystem.
As such, the LINK Team reaffirmed its stance that, when attempts to spread false information or rumors related to LINK are detected, the LINK Team may take legal action.
* The Medium article can be found at https://firstname.lastname@example.org/notice-debunking-false-information-rumors-regarding-link-bd603dcd67a1