Japan Open Chain Launches IEO Priority Pre-Sales for 'JOC Token (Coin)'
～ First in Japan's IEO: Simultaneous Listing on Multiple Exchanges Worldwide ～
Japan Blockchain Foundation Inc. (Representative Director: Hidekazu Kondo, hereinafter "the Company"), which operates and manages the consortium for "Japan Open Chain (JOC)", announces that based on a contract concluded with BitTrade Co., Ltd. (Headquarters: Minato-ku, Tokyo; President and Representative Director: Lei Guan, hereinafter "BitTrade"), we have started recruiting new sales of "Japan Open Chain Token (JOC)" on "BitTrade IEO," an IEO (Initial Exchange Offering) platform, from November 20, 2024.
◽️ About JOC Token (Coin)
JOC token (Japan Open Chain Token) is a fee token (cryptocurrency) necessary to use Japan Open Chain. Japan Open Chain is a blockchain project that aims to solve social issues around the world by providing innovative web3 technology to everyone through instant remittance at fees of less than 1 yen and asset liquidity through NFTs worldwide, by providing a high-speed blockchain with reliable operators that comply with Japanese law. For details, please see below.
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Official Website: https://www.japanopenchain.org
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Whitepaper: https://static.bittrade.co.jp/pdf/whitepaper.pdf
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For details on the IEO content, please check the following page.
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To apply for JOC purchase, you need to open an account with BitTrade. **Open a BitTrade account here ↓↓↓↓↓ **
◽️ How to Apply
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Applications will be made through BitTrade's form.
- You need to open a BitTrade account. Open an account here
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One lot is ¥5,250,042 yen (including fees).
- ※! Please check your deposit amount, as you will not be eligible for first-come-first-served unless this amount including fees is deposited.
— Application form link below —
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Please check that the correct amount is deposited in your account before applying.
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The email address and phone number must be the same as those on your BitTrade account.
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Please apply from the link below.
◽️ Sales Schedule
| Schedule | Content |
|---|---|
| November 20, 2024, 11:00 AM - December 3, 5:00 PM | Priority pre-sales purchase application (first-come, first-served) |
| December 4, 2024 - December 17 | General sales purchase application (lottery) |
| From December 18, 2024, sequentially | General sales lottery |
| From December 18, 2024, sequentially | General sales lottery results notification |
| December 18, 2024 - December 20 | Japan Open Chain Token (JOC) delivery |
| December 23, 2024 | JOC trading begins on BitTrade exchange and multiple overseas cryptocurrency exchanges |
*Schedule is subject to change.
Furthermore, to secure liquidity after the IEO, JOC token plans to conduct simultaneous listing on multiple exchanges worldwide (on the same day or around the same time), a first attempt in Japan. From December 23, 2024 onward, investors not only in Japan but around the world will be able to purchase JOC tokens.
◽️ IEO Recruitment Overview
| Total issuable JOC (*) | 1 billion (JOC) *System maximum limit. Includes unissued. |
|---|---|
| Maximum tokens offered this time | 50,000,000 tokens, of which 16,666,800 for priority pre-sales |
| Sales price | 30 yen per 1 JOC |
| Fee rate | 5% (including consumption tax) |
| Fee | Amount obtained by multiplying the application amount by the fee rate |
| Payment amount | Total amount of application amount and fee |
| Payment currency | Japanese Yen |
| Sales format | IEO from BitTrade Co. (Financial Services Agency approved) |
| Lock-up conditions | None |
◽️ Priority Pre-Sales Overview for Large Investors
| Purchase unit | One lot: 166,668 JOC, 5,000,040 yen, up to 100 lots |
|---|---|
| Minimum purchase amount | One lot (5,000,040 yen) |
| Sales method | First-come, first-served |
| If you miss first-come, first-served | Automatically changed to general lottery application |
| Note | Customers who applied for priority pre-sales will be eligible for a preferential program where BitTrade Co. will grant an additional 20% of tokens based on the number purchased if they qualify for priority sales or are subsequently selected in the general lottery. |
◽️ General Sales Overview
| Purchase unit | One lot: 200 JOC, 6,000 yen |
|---|---|
| Minimum purchase amount | One lot (6,000 yen) |
| Sales method | Lottery system |
◽️ Japan-Origin Blockchain 'Japan Open Chain'
"Japan Open Chain" is a practical Ethereum-compatible (Layer 1) public chain operated by Japanese companies. Together with leading companies in the industry and web3 business operators, we are building a blockchain infrastructure that anyone in the world can use safely, quickly, and inexpensively. At the same time, it is a project aimed at creating a digital financial revolution worldwide through the construction of future financial infrastructure through bank-issued stablecoin projects and digitization of assets such as NFTs.
Currently, 14 companies participate as validators (blockchain operating partners): CORGEAR Co., Ltd., a Sony Group startup; Dentsu Inc.; NTT Communications Corporation; G.U.Technologies Inc.; insprout Inc.; Kudasai Inc.; Minna Bank, Ltd.; pixiv Inc.; TIS Inc.; extra mile Inc. from the TV Asahi Group; Kyoto University of the Arts; Hatena Co., Ltd.; CAC Corporation; and Cyber Links Inc. The blockchain is managed in a decentralized manner and is planned to eventually reach 21 companies.
Validators (Blockchain Operating Partners)
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