Bitfront of Line Corporation to pay interest on Line’s crypto asset

BITFRONT launched interest services in September for cryptocurrency deposits from Tether (USDT), Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC). Now, with the addition of LINK, users can deposit LINK and receive interest up to 12.73% (APY) on LINK. (Note: Each cryptocurrency has a limit amount that can be deposited for interest)

Users can register and find details about the service from the “Earn Interest” tab on the BITFRONT website (https://www.bitfront.me/lending/products).

Since launching in 2018, LINE has steadily expanded the token ecosystem based on its LINK crypto asset. As a global cryptocurrency exchange, BITFRONT has introduced a wide range of financial services, with the aim of expanding the use of crypto assets. The introduction of LINK to the interest earned service is intended to increase the use of LINK and to reward users for lending cryptocurrencies.

BITFRONT also recently added another payment option that allows users to easily purchase cryptocurrencies with debit or credit cards directly from their wallet. And BITFRONT plans to add more features and services to further develop the cryptocurrency market and open up more financial possibilities.

To celebrate the launch of the LINK service gained interest, BITFRONT is conducting a referral promotion event. Users can invite friends via a referral code to join the service, and once the new carpenter receives interest from their deposits, both the user and the new carpenter can receive an additional 20% interest in LINK. Furthermore, for those who register before November 29th, an additional 10% interest will be given in LINK.

■ BITFRONT overview
● Managed by: LVC USA Inc.
● Type of service: Cryptocurrency to Cryptocurrency Exchange and Fiat to Cryptocurrency Exchange
● Opened: February 27, 2020
● Available Regions: Global (except Japan and some US states)
● Available languages: 15 (including English, Korean and Chinese)
● Coins traded: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Tether (USDT), LINK (LN), Litecoin (LTC)
● Official channels:
– Official site: bitfront.me
– Official LINE account: @bitfront
– Twitter: @bitfront_global
– Facebook page: fb.com/bitfront.official/

[Earned Interest Service Details]– No minimum deposit amount
– No blocking, deposits can be withdrawn at any time
– The interest rate offered may vary on a weekly basis based on market conditions. In case of a change, users will be notified in advance
– Interest is paid to the user’s account every Monday
– Interest is calculated as weekly compound interest when receiving interest on a deposited currency and calculated as simple interest when receiving interest in LN
– LINK (LN): 12.73% APY (composed weekly)
– Tether (USDT): 8.25% APY (compounded weekly) or 12% simple interest in LN
– Ethereum (ETH): 5.44% APY (weekly compound) or 6.5% simple interest in LN
– Bitcoin (BTC): 3.72% APY (weekly compound) or 5% simple interest in LN
– Bitcoin Cash (BCH): 3.46% APY (compound weekly) or 5% simple interest in LN
– Litecoin (LTC): 4% APY (weekly compound) or 5.5% simple interest in LN