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

* 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.

◽️ "Japan Open Chain" – Blockchain Originating from Japan

Japan Open Chain is a practical, Ethereum-compatible (Layer 1) public blockchain operated by Japanese companies. Together with leading industry giants and Web3 innovators, it aims to provide a secure, high-speed, and low-cost blockchain infrastructure accessible to users worldwide. This project seeks to revolutionize global digital finance by building future financial infrastructure through initiatives like bank-led stablecoin projects and the digitization of assets such as NFTs.

The blockchain is currently operated by 14 validators (blockchain operation partners), including CORGEAR Co.Ltd., a Sony Group startup; Dentsu Inc.; NTT Communications from the NTT Group; G.U.Technologies, Inc.; insprout Corporation; Kudasai Co., Ltd.; Minna Bank, Ltd.; pixiv Inc.; TIS Inc.; extra mile Inc., a TV Asahi Group company; Kyoto University of the Arts; Hatena Co., Ltd.; CAC Corporation; and CYBERLINKS CO.,LTD. The blockchain is managed in a decentralized manner and is expected to expand to 21 validators in the future.
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validators

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