Japan Open Chain achieves total IEO applications exceeding 9 billion yen.
〜 The planned sales amount of 1.2 billion yen has been completely sold out 〜
Japan Blockchain Foundation Co., Ltd. (CEO: Hidekazu Kondo, hereafter referred to as “the Company”), which operates and manages the Japan Open Chain (JOC) consortium, is pleased to announce that the IEO for the "Japan Open Chain Token (JOC)", conducted by BitTrade Inc. (CEO: Lei Xiang, hereinafter referred to as "BitTrade") , has achieved a total application Amount exceeding 9 billion yen, significantly surpassing the planned sales amount, and that the IEO concluded with the planned sales amount of 1.2 billion yen completely sold out.
In this IEO, we aimed to sell a total of 1.2 billion yen, comprising a priority Early-Bird Sale (540 million yen) and a General Lottery Sale (720 million yen). However, the total application amount for both Early-Bird Sale and General Lottery Sale significantly exceeded the planned offering, reaching over 9 billion yen. Even after accounting for payments and cancellations, the confirmed amount far exceeded the target sale amount of 1.2 billion yen. As a result, all of the planned 1.2 billion yen worth of tokens were completely sold out by the conclusion of the IEO.
The General Lottery Sale for this IEO closed on Tuesday, December 17, 2024, at 11:00 PM, and the token lottery for the General Lottery Sale is scheduled for December 18. The lottery results will be notified sequentially starting December 18, and the "Japan Open Chain Token (JOC)" will be listed for trading on BitTrade's exchange and multiple exchanges worldwide at 12:00 PM on Monday, December 23, 2024.
◽️ Upcoming Schedule
Schedule Contants
Starting sequentially from December 18, 2024 General Sale Lottery
Starting sequentially from December 18, 2024 Notification of General Sale Lottery Results
December 18–20, 2024 Delivery of Japan Open Chain Tokens (JOC)
December 20, 2024, 1:00 PM Commencement of JOC Withdrawal
December 23, 2024, 12:00 PM Start of JOC Trading on the Exchange
- The schedule is subject to change.
◽️ About the JOC Token (commonly referred to as “JOC Coin”)
JOC Token (Japan Open Chain Token) is a fee token (cryptocurrency) required to use the Japan Open Chain. Japan Open Chain is a blockchain project designed to comply with Japanese laws and provide a high-speed blockchain operated by reliable entities. Its goal is to make innovative Web3 technologies accessible to everyone, addressing global social challenges through instant transfers with fees under 1 yen and asset liquidity enhancement via NFTs.
Official Website：https://www.japanopenchain.org
Whitepaper：https://static.bittrade.co.jp/pdf/whitepaper.pdf
Furthermore, to ensure liquidity after the IEO, JOC Token is scheduled for a groundbreaking simultaneous listing across multiple exchanges worldwide (on the same day or within the same period), a first for Japan. Starting from December 23, 2024, investors not only in Japan but across the globe will be able to purchase JOC Tokens.