Japan Open Chain Records Applications Significantly Exceeding Planned Lots for IEO Priority Presale on First Day
~ Payment rate already reaches approximately 80% as of today ~
Japan Blockchain Foundation Co., Ltd. (CEO: Hidekazu Kondo; hereinafter "our company"), which operates and manages the consortium for "Japan Open Chain (JOC)," is pleased to announce that the IEO large-lot priority presale of "Japan Open Chain Token (JOC)" that began at 11:00 AM on November 20, 2024 (Wed) at BitTrade Co., Ltd. (Headquarters: Minato-ku, Tokyo; CEO: Lei Guan; hereinafter "BitTrade") significantly exceeded the planned number of lots on the first day of applications.
For "Japan Open Chain" this time, we implemented a large-lot IEO priority presale of only 540 million yen out of the total fundraising target of 1.501.2 billion yen, a first in Japan, and received applications significantly exceeding 100 lots for the priority presale on the first day. While account opening and deposit are required for final confirmation, we have already achieved approximately 80% on a deposit basis. Additionally, the priority presale offers a benefit of receiving 20% of the purchase amount in JOC tokens free, which has been well received by many customers.
While first-come-first-served slots are running low, those considering purchase may still make it in time for first-come-first-served depending on deposit timing. We would appreciate early applications. Even if you don't make it in time for first-come-first-served priority presale, those who applied for priority presale will receive the benefit of 20% of the purchase amount in JOC tokens free if they win in the general lottery, making it more advantageous than applying in general.
◽️ Priority Presale Overview
| Sale Period | November 20, 2024 (Wed) 11:00 – December 3, 2024 (Tue) 17:00 |
| Priority Presale Quantity | 16,666,800 tokens |
| Sale Price | 30 yen per JOC |
| Fee | 5% of purchase amount |
| Purchase Unit | 1 lot = 166,668 JOC, 5,000,040 yen, up to 100 lots |
| Minimum Purchase Amount | 5,250,042 yen per lot (including fee) |
| Payment Currency | Japanese Yen |
| Application Period | November 20, 2024 (Wed) 11:00 – December 3, 2024 (Tue) 17:00 |
| Sale Format | IEO from BitTrade (FSA-approved) |
| Lock-up Conditions | None |
| Sale Method | First-come-first-served |
| If Priority Presale First-Come-First-Served Not Met | Automatically changed to general lottery application |
| Priority Presale Benefit | Those who applied for priority presale will receive an additional 20% of purchased tokens free from BitTrade if they qualify for priority sale or subsequently win in general lottery |
◽️ Application Method
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Applications are through BitTrade's application form.
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Opening an account with BitTrade is required to apply for JOC purchase.
Open a BitTrade account here ↓↓↓↓↓
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One lot is ¥5,250,042 (including fee).
- Without deposited purchase amount, first-come-first-served does not apply, so please confirm your BitTrade account's Japanese yen balance in advance.
- Please confirm that the required Japanese yen balance is correctly reflected in your BitTrade account before application.
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Email address and phone number must be the same as your BitTrade account.
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Please apply through BitTrade's application form via the banner below.
◽️ Application Precautions
- Priority presale details can be confirmed on the following page. https://static.bittrade.co.jp/pdf/Public-Information.pdf
- Purchase application requires advance deposit of Japanese yen equal to the sale price multiplied by the number of lots applied for at the time of purchase application plus the fee.
◽️ About JOC Token (JOC Coin)
JOC Token (Japan Open Chain Token) is a fee token (crypto asset) required to use Japan Open Chain. Japan Open Chain is a blockchain project aiming to provide innovative technology through web3 to all people by providing high-speed blockchain with clear operators complying with Japanese law, and to solve social issues worldwide through instant remittances with fees under 1 yen and asset liquidity through NFT. For details, please see below.
- Official Website: https://www.japanopenchain.org
- Whitepaper: https://static.bittrade.co.jp/pdf/whitepaper.pdf
This time, JOC Token plans to conduct simultaneous global listing (same day or same period) on multiple exchanges worldwide, a first attempt in Japan, to ensure post-IEO liquidity. From December 23, 2024 onward, investors worldwide, not just Japan, will be able to purchase JOC Token.
◽️ Blockchain from Japan: 'Japan Open Chain'
"Japan Open Chain" is a practical, fully Ethereum-compatible (Layer 1) public blockchain operated by Japanese companies. Together with major companies leading the industry and web3 businesses, we are building blockchain infrastructure that anyone worldwide can use safely, at high speed, and affordably. At the same time, this is a project aimed at creating a digital financial revolution worldwide through construction of future financial infrastructure through bank stablecoin projects and digitization of assets such as NFT.
Current validators (blockchain operating partners) include 14 companies: CORGEAR Co., Ltd. (Sony's in-group startup), Dentsu Inc., NTT Communications Corporation, G.U.Technologies Co., Ltd., insprout Corporation, Kudasai Inc., Minna Bank, Ltd., pixiv Inc., TIS Inc., extra mile Inc. (TV Asahi Group), Kyoto University of the Arts, Hatena Co., Ltd., CAC Corporation, and CyberLinks Co., Ltd., with the blockchain managed in a decentralized manner with a final target of 21 companies.
