Japan Open Chain Records Applications Far Exceeding Planned Slots on First Day of IEO Priority Early Bird Sale
～ Payment rate also already achieved approximately 80% as of today ～
Japan Blockchain Foundation Inc. (CEO: Hidekazu Kondo), which operates and manages the consortium for "Japan Open Chain (JOC)", announces that the IEO priority early bird sale for large lots of "Japan Open Chain Token (JOC)", which began at 11:00 AM on November 20, 2024 (Wed) at BitTrade Co., Ltd. (Headquarters: Minato-ku, Tokyo; President and CEO: Lei Guan; hereinafter "BitTrade"), significantly exceeded the planned number of lots on the first day of applications.
For this "Japan Open Chain" offering, out of the total fundraising target of 1.5 billion 10,200 yen, we decided to conduct Japan's first priority early bird sale for large lots only, totaling 540 million yen. On the first day of applications, we received applications far exceeding the 100 lots of the priority early bird sale. While account opening and deposit are required for final confirmation, we have already achieved approximately 80% on a deposit basis. Additionally, the priority early bird sale includes a special benefit of granting 20% of the purchase amount in JOC tokens for free, which has been well received by many customers.
Please note that while first-come slots are running out, depending on the timing of your deposit, you may still be able to make the first-come deadline. We would appreciate it if you could apply as soon as possible. Even if you do not make the first-come deadline, those who apply during the priority early bird sale will receive the special benefit of 20% JOC tokens granted for free if selected in the general lottery, making it more advantageous than applying in the general round.
◽️ Priority Early Bird Sale Overview
Sale Period November 20, 2024 (Wed) 11:00 ~ December 3, 2024 (Tue) 17:00
Priority Early Bird Sale Amount 16,666,800 tokens
Sale Price 30 yen per JOC
Fee 5% of purchase amount
Purchase Unit One 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 (Financial Services Agency approval obtained)
Lock-up Conditions None
Sale Method First-come, first-served
If First-Come Deadline Not Met Automatically changed to general lottery application
Priority Early Bird Sale Benefit Those who apply for the priority sale will receive an additional 20% of the purchased tokens for free from BitTrade if they qualify for the priority sale or if subsequently selected in the general lottery
◽️ How to Apply
Applications are made through BitTrade's application form. Opening an account with BitTrade is required to apply for JOC purchase. Open a BitTrade account here ↓↓↓↓↓
One lot is ¥5,250,042 (including fee).
Please check your Japanese yen balance in your BitTrade account beforehand, as the purchase amount will not qualify for first-come status unless deposited. Before applying, please verify that the required Japanese yen balance is correctly reflected in your BitTrade account.
You must enter the same email address and phone number as your BitTrade account. Please apply through BitTrade's application form via the banner below.
◽️ Notes Regarding Application
Details of the priority early bird sale can be found 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 at the time of purchase application plus the fee.
◽️ About JOC Token (JOC Coin)
JOC token (Japan Open Chain Token) is the fee token (crypto asset) required to use Japan Open Chain. Japan Open Chain is a blockchain project that aims to solve social issues worldwide by providing innovative web3 technology to everyone through providing high-speed blockchain by trustworthy operators complying with Japanese law, enabling instant remittance with fees under 1 yen worldwide and asset liquidity through NFTs. For details, please see below.
Official Website: https://www.japanopenchain.org
Whitepaper: https://static.bittrade.co.jp/pdf/whitepaper.pdf
To ensure liquidity after the IEO, JOC token plans to conduct a world-simultaneous listing (same day or same period) on multiple exchanges worldwide, Japan's first such attempt. From December 23, 2024 onwards, investors worldwide, not just in Japan, will be able to purchase JOC tokens.
◽️ Japan-Made Blockchain 'Japan Open Chain'
"Japan Open Chain" is a fully Ethereum-compatible (Layer 1) public chain emphasizing practicality and operated by Japanese companies. Together with leading major companies and web3 operators, we are building blockchain infrastructure that anyone in the world can use safely, quickly, and affordably. Simultaneously, it is a project aimed at creating a digital financial revolution worldwide through the construction of future financial infrastructure via bank stablecoin projects and digitalization of assets such as NFTs.
Currently, 14 companies participate as validators (blockchain operating partners): COGEA Inc., a startup within the Sony Group, Dentsu Inc., NTT Communications Corporation, G.U.Technologies Inc., insprout Inc., Kudasai Inc., Minna Bank Ltd., pixiv Inc., TIS Inc., extra mile Inc. of the TV Asahi Group, Kyoto University of the Arts, Hatena Co., Ltd., CAC Corporation, and CyberLinks Co., Ltd. The blockchain is managed in a decentralized manner and is planned to eventually reach 21 companies.
