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LINE Blockchain Technology FACT BOOK Q4 2020 About LINE *As of October 2020 GLOBAL MAU TOP-4 MAU DAU/MAU Supports (Japan, Taiwan, Thailand, Indonesia) (Japan, Taiwan, Thailand, Indonesia) 186 167 80 19 million million percent languages • Worldwide Top Apps by Consumer Spend in 2019: Combined iOS and • Japan by Consumer Spend in 2019: Combined iOS and Google Play Google Play 1 Tinder 6 Pandora Music 1 LINE Manga 6 tapple 2 Netflix 7 LINE 2 LINE 7 AbemaTV 3 Tencent Video 8 LINE Manga 3 LINE MUSIC 8 Pokecolo 4 iQIYI 9 Youku 4 piccoma 9 YouTube 5 YouTube 10 Google One 5 Pairs 10 Shonen Jump Plus Source: App Annie, Period: Jan - Dec 2019, Publishing date: Jan 15, 2020 2 About LINE LINE Timeline Leading the blockchain business since the launch of LINK (LN) in 2018 2003.8 2013.4 2014.12 2017.3 2019.11 2020.08 2020.10 Renamed Company LINE Pay Clova, Merger agreement LINK Chain LINE BK launched in NHN Japan Co. renamed launched LINE Assistant with Z Holdings rebranded as Thailand Ltd. LINE Corporation announced announced LINE Blockchain * Powered by KBank (Banking services also planned for Japan, Taiwan, 2000.9 2011.6 2014.4 2015.1 2018.8 2020.2 and Indonesia) Hangame Japan LINE Messenger First LINE FRIENDS LINE FRIENDS LINK (digital token) and BITFRONT, LINE’s digital established App launched Store opens Corporation established LINE Blockchain currency exchange based in (in Myeong-dong, launched the United States, launched Seoul) 3 About LINE LINE Fintech Transforming digital finance through innovation Asset Digital Insurance Wallet Management Loans Cryptocurrency Banking 2014.12 2018.10 2018.10 2018.11 2019.8 2019.6 2019.8 2018.8 2019.9 2020.2 2020.10 LINE Pay LINE LINE LINE LINE LINE LINE Pocket LINK(LN) BITMAX BITFRONT LINE BK Insurance Kakeibo Smart Securities Score * Powered by KBank Invest Money Global Global Japan, Taiwan, *Excludes Restricted *LINE banking services Thailand & Global planned for Japan, Alliance countries Locations such as JP and certain US states Taiwan, Indonesia * BITBOX (‘18.07) > BITFRONT (‘20.02) 4 About LINE Blockchain Mission To create a blockchain for everyone including LINE’s more than 180 million users Designed for Everyone 5 About LINE Blockchain Integrated Services Expanding ecosystem in all directions within the blockchain industry. CBDC Platform Blockchain Platform Crypto Asset Crypto Exchange Crypto Fund LINE CBDC 6 About LINE Blockchain Global Workforce 5 150+ Countries Employees • As of January 2021 • Number of employees refers to LINE employees working on projects related to LINE Blockchain and Digital Assets 7 About LINE Blockchain HISTORY 2018.09 2019.09 2020.02 2020.08 2020.09à LINK (LN) BITMAX (JP) BITFRONT (US) LINK (LN) LINE Fintech 3rd Party Services Release Release Release Listing (Japan) Integration Starts Integration Starts LINE Crypto Asset (LINK) BITMAX Release (JP) BITFRONT Release (Global) Listing on BITMAX (JP) LINE Fintech Services 3rd Party dApp Service Issuance & Listing on BITBOX (BITBOX > BITFRONT) LINK Integration Integration BITBOX Release (2018.07) LINE Blockchain Platform Release Blockchain Developers Platform Release BITMAX Wallet Release 8 LINE Blockchain Technology 9 About LINE Blockchain Technology Components Providing an all-in-one blockchain mainnet, platform and digital asset LINE CBDC LINE Blockchain Platform Platform LINE Blockchain BITMAX LINE Blockchain LINE Blockchain Developers Wallet Explorer Oracle CBDC Solution Package LINE Blockchain Framework LINE Blockchain Mainnet BAMBOO CASHEW (TestNet) DAPHNE And More CBDC Mainnet LINE Digital Asset LINK (LN) • Bamboo Chain and Daphne Chain are operated by two different consensus algorithms. 10 About LINE Blockchain Technology Blockchain Mainnet A general purpose mainnet that can be applied to many areas, including the financial sector Virtual Machine Consensus Algorithm Blockchain Privacy 11 About LINE Blockchain Technology Blockchain Mainnet Consensus algorithm optimized for maximized completion and security LINE Blockchain Consensus Algorithm BFT+PoS+VRF • Applies to LINE Blockchain’s new Mainnet. Bamboo Chain and Daphne Chain are operated by two different consensus algorithms. 12 About LINE Blockchain Technology Blockchain Platform General services and user-friendly platforms make it easy to utilize blockchain and digital assets LINE Blockchain Developers BITMAX Wallet LINE Blockchain Oracle LINE Blockchain Explorer LINE Developers Integrated LINE Account Based LINK Issuance LINE Blockchain Blockchain Development Blockchain Wallet & Monitoring System Transaction Tracker Platform 13 About LINE Blockchain Technology Blockchain Platform Anyone can create new value by implementing blockchain into services with LBD https://blockchain.line.biz 1. Developer Console 2. Open API 3. Wallet Integration 4 About LINE Blockchain Technology Blockchain Platform LINE-integrated BITMAX Wallet means tokens are easy to manage and use https://wallet.bitmax.me 1. LINE Account Integration 2. Token Management 3. dApp Browser Users can explore and access new services based on LINE Blockchain. 15 About LINE Blockchain Technology CBDC Platform Developing a safe and secure blockchain-based CBDC platform For Global Central Banks (Ongoing) 16 LINE TOKEN ECONOMY 17 About LINE Token Economy LINK (LN) LINK is LINE’s general purpose base coin Asset Type General Purpose Base coin Blockchain LINE Blockchain § LINK is issued for dApp users as contribution rewards Issue Method § LINK is not sold for to individuals or organizations § < 3 years: 100,000,000 LINK; (hereafter) annual growth rate of 5% Issue Limit § Overall max: 1,000,000,000 LINK Used for payment services and obtaining various benefits within LINE Usage Blockchain ecosystem Circulating 5,969,540 LN Supply LINK(LN) Market Cap. USD 90,418,359 • LINK issue limit does not refer to LINK circulating supply, whereas its supply is distributed to users as the ecosystem expands and increases gradually. • LINK mint and issuance are announced in advance through the official LINE Blockchain site. • As of January 2021 18 About LINE Token Economy Token Economy Flow A token economy where all ecosystem participants can grow together SERVICES USERS Contribution Mining Payment & Utilities Platform Usage Allocation Platform Usage NETWORK 19 About LINE Token Economy Use Cases Trade LINK conveniently through BITMAX within LINE Messenger LINE Wallet > Deposit / Withdraw Select LINK Trade LINK BITMAX (¥ or LINE Pay) • Image above is a screenshot of BITMAX service in Japan. 20 About LINE Token Economy Use Cases Earn up to 12% interest annually by holding LINK LINE Wallet > Select an interest product Collect interest BITMAX & Subscribe • LINK interest product is provided by BITMAX and BITFRONT. • Image above is a screenshot of BITMAX service in Japan. 21 About LINE Token Economy Use Cases Can be added easily to all sorts of services without extra development Make reward / Distribute Convert LINK Use LINK usage policy LINK Rewards Services DApp DApp DApp DApp DApp DApp • Image above is a screenshot of BITMAX service in Japan. 22 About LINE Token Economy Use Cases Targeting growth through offering unique value and diverse usage opportunities 2021 2018 2018 2020 2020 ? ? ? LN-Crypto Trading Fee LN-Yen LN-LN New Real World Real World Trade Payment Trade Interest (12%) Market Usage Benefits 23 Key Numbers (4Q 2020) 24 Key Numbers LINE Blockchain Mainnet 2sec 491days 297days LINE Blockchain Mainnet Bamboo Chain Daphne Chain block generation time operation time operation time • As of January 2021 25 Key Numbers LINE Blockchain Platform 364+ 102K+ 60K+ # of Testnet registrations # of BITMAX Wallet accounts # of tokens issued (Daphne) (total since launching in August 2020) (total since launching in August 2020) (total since launching in August 2020) • As of January 2021 26 Key Numbers LINK (LN) 28 322K+ 66K+ 28th registered # of users engaged in LINK # of LINK holders globally digital asset in Japan contribution mining • As of January 2021 27 Key Numbers LINK (LN) 6M+ $90M+ $494M+ LINK LINK Accumulated circulating supply market cap trading volume • As of January 2021 28 Key Numbers LINK (LN) 50 LINK Price (LN/USD) 180 LINK Market Cap (MM USD) Deposited LINK: 3,018,096 LN (51%) 45 160 40 140 35 120 30 100 25 80 20 60 15 10 40 5 20 0 0 2018 2019 2020 2021 2018 2019 2020 2021 • As of January 2021 • Deposited LINK: # of LINK deposited in the interest product provided by BITFRONT and BITMAX. 29 Partners Integration with LINE Services Joining with a variety of LINE services to expand the blockchain ecosystem And more • As of January 2021 30 Partners Collaborating with Third Parties LINE Blockchain is working with third-party services to maximize synergies And more • As of January 2021 31 IMPORTANT NOTICE • THERE IS NO GUARANTEE THAT THE FUNCTIONALITIES OF LINK, OR THAT THE LINE TOKEN ECONOMY INFRASTRUCTURE, WILL BE DELIVERED OR REALISED. IF ANY OF SUCH RISKS AND UNCERTAINTIES DEVELOPS INTO ACTUAL EVENTS, THE BUSINESS, FINANCIAL CONDITION, RESULTS OF OPERATIONS AND PROSPECTS OF LTP COULD BE MATERIALLY AND ADVERSELY AFFECTED. IN SUCH CASES, YOU MAY LOSE ALL OR PART OF THE VALUE OF LINK. IN THE EVENT THAT YOU HAVE PURCHASED LINK, YOUR PURCHASE CANNOT BE REFUNDED OR EXCHANGED. • IF YOU ARE IN ANY DOUBT AS TO THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S). • LINK DIGITAL TOKENS (HEREINAFTER REFERRED TO AS “LINK”) ARE NOT INTENDED TO CONSTITUTE SECURITIES, UNITS IN A COLLECTIVE INVESTMENT SCHEME, OR OTHER CAPITAL MARKET PRODUCTS EACH AS DEFINED UNDER THE SECURITIES AND FUTURES ACT (CAP. 289) (“SFA”) OF SINGAPORE, OR ITS EQUIVALENT OR ANY OTHER REGULATED PRODUCTS IN ANY JURISDICTION. • LINK DOES NOT ENTITLE YOU TO ANY OWNERSHIP OR ANY OTHER INTEREST IN NAVER CORPORATION, LINE CORPORATION, LINE TECH PLUS PTE. LTD (“LTP”) AND/OR ANY OF THEIR AFFILIATED COMPANIES (TOGETHER, “LINE”). • LTP IS NOT REQUIRED TO BE LICENSED BY THE MONETARY AUTHORITY OF SINGAPORE AS LINK DOES NOT CONSTITUTE A REGULATED PRODUCT, EMONEY OR “DIGITAL PAYMENT TOKEN” IN SINGAPORE. LTP DOES NOT PROVIDE ANY DIGITAL PAYMENT TOKEN SERVICES IN SINGAPORE.
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