Singapore, 16 July 2018 – Linfinity, a Singapore-based distribution supply chain platform based on blockchain launched its own digital currency, Linfinity tokens (LFT) on 14 July 11a.m. (SG time).
The Singapore-based platform aims to improve trading and businesses globally by building an anti-counterfeiting supply chain through blockchain technology. Linfinity will be launching their token on Chinese-based exchange CoinEx, which momentarily took over the position of the world’s top crypto exchange by trade volume just last week, ahead of exchange giants Binance and OKEx.
Linfinity’s token launch comes with its own trading contest, held between 14th July to 1st August. The contest is split into two categories, with the ranking system calculated based on volume of trade by each user, as well as the total amount of LFT purchased. The prizes offered for the contest includes a Mercedes Maybach as well as a Porsche Macan, among others.
Presently, Linfinity has already set out to make their own waves regionally by strengthening their network and influence, signing a Memorandum of Understandings (MOUs) with six other companies – Crossinvest, RHTLaw Taylor Wessing LLP, RHT Holdings, RONGDE Logistics, Scientific Tradition, and WealthBriefingAsia. Linfinity also signed a strategic cooperation agreement with the Alishan group in Taiwan. Under this agreement, Linfinity will create a counterfeit traceability system for all players within the Alishan Group from manufacturers to consumers.
The company has launched its own series Linfinity Talks, a self-contained global roadshow platform that demonstrates blockchain projects, as well as connect with like-minded businesses to further explore blockchain technology. To date, the talks have been successful, reaching out to Korea and Japan, garnering over 300 participants with the next few stops set to be held in London and Hong Kong.
Linfinity Talk in Seoul, Korea, on 9th June with 180 attendees, comprising of players from the industry and members of the public.
“We are serious about asserting ourselves as a player within the blockchain industry and with our launch on the market, we hope to be able to foster and encourage inter platform trading with Linfinity tokens,” said Anndy Lian, CEO of Linfinity.
“Ultimately, our end goal is to establish ourselves as a blockchain-based platform that can provide businesses with a solution to improve transparency and efficiency across all industries,” he added.