～ With listing on several global exchanges at the same time ～
Japan Blockchain Foundation Co., Ltd. (CEO: Hidekazu Kondo, hereinafter referred to as "the Company"), which operates and manages the consortium for "Japan Open Chain (JOC)," will commence the Initial Exchange Offering (IEO) of the "Japan Open Chain Token (JOC)" on the "BitTrade IEO" platform starting November 20, 2024. This IEO is launched in partnership with BitTrade Co., Ltd. (Headquarters: Minato-ku, Tokyo; President and CEO: Lei Xiang, hereinafter referred to as "BitTrade") under the terms of the agreement between both parties.
◽️ About JOC Token
The JOC Token (Japan Open Chain Token) is a fee token (cryptocurrency) required to utilize Japan Open Chain. Japan Open Chain is a blockchain project committed to adhering to Japanese regulations, offering a fast, secure blockchain managed by trustworthy operators. The project aims to make cutting-edge Web3 technology accessible to everyone, addressing global social issues through immediate transfers with fees under 1 yen and enhancing asset liquidity via NFTs. For more details, please see the information below.
- Official Website: https://www.japanopenchain.org
- Whitepaper: https://static.bittrade.co.jp/pdf/whitepaper.pdf
- For more details regarding the IEO, please visit:
https://bittrade.zendesk.com/hc/ja/articles/39514836989209 - To apply for the purchase of JOC, you must open an account with BitTrade.
- To open a BitTrade account, please visit here
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- To open a BitTrade account, please visit here
◽️ Sales Schedule
| Schedule | Contents |
|---|---|
| November 20, 2024, 11:00 AM - December 3, 2024, 5:00 PM | Priority Early-Bird Purchase Application (First-Come, First-Served) Note: The priority early-bird sale includes a special program that grants an additional 20% of JOC tokens based on the purchase amount. |
| December 4 - December 17, 2024 | General Sale Application (Lottery-Based) |
| Starting December 18, 2024 | General Sale Lottery |
| Starting December 18, 2024 | Notification of General Sale Lottery Results |
| December 18 - December 20, 2024 | Distribution of Japan Open Chain Token (JOC) |
| December 23, 2024 | Commencement of JOC Trading on BitTrade Exchange and Multiple International Cryptocurrency Exchanges |
Please note: The schedule is subject to change.
Additionally, to ensure liquidity for the JOC Token post-IEO, we plan to conduct a simultaneous listing on multiple global exchanges—a first of its kind in Japan—on the same day or around the same time. Starting December 23, 2024, investors worldwide, not only in Japan, will be able to purchase JOC Tokens.
◽️ IEO Offering Overview
| Total Possible Issuance of JOC (※) | 1 billion JOC tokens (※) maximum limit within the system, including unissued tokens) |
| Maximum Number of Tokens Available for This Offering | 50,000,000 tokens, of which 16,666,800 are allocated for the priority early-bird sale |
| Sale Price | 30 JPY per JOC token |
| Commission Rate | 5% (including consumption tax) |
| Commission | The application amount multiplied by the commission rate |
| Payment Amount | Total amount of application fee and commission fee |
| Payment Currency | JPY |
| Sale Method | IEO via BitTrade (licensed by the Financial Services Agency of Japan) |
| Lock-Up Conditions | None |
◽️ Priority Early-Bird Sale Overview for Large Investors
| Purchase Unit | One unit: 166,668 JOC (5,000,040 JPY); up to 100 units |
| Minimum Purchase Amount | One unit (5,000,040 JPY) |
| Sales Method | First-come, first-served |
| If First-Come Quota is Exceeded | Automatic transfer to general lottery application |
| Notes | Applicants for the early-bird sale who qualify for priority or subsequently win the general lottery will receive an additional 20% of the purchased amount in tokens through a special incentive program offered by BitTrade. |
◽️ General Sale Overview
| Purchase Unit | One unit: 200 JOC (6,000 JPY) |
| Minimum Purchase Amount | One unit (6,000 JPY) |
| Sales Method | Lottery-based |
◽️ "Japan Open Chain" – Blockchain Originating from Japan
"Japan Open Chain" is a public Layer 1 blockchain fully compatible with Ethereum, operated by Japanese companies with a focus on practical applications. In collaboration with leading enterprises and Web3 industry players, it aims to build a blockchain infrastructure accessible to anyone globally, offering reliability, speed, and affordability. The project also seeks to drive a digital financial revolution worldwide by creating future financial infrastructure through stablecoin initiatives by banks and digital assetization via NFTs.
Currently, 14 validators (blockchain operating partners) are participating in managing this decentralized blockchain, including CORGEAR Co., Ltd. (a Sony Group startup), Dentsu Inc., NTT Communications Corporation, G.U.Technologies Inc., insprout Corporation, Kudasai Co., Ltd., Minna Bank, Ltd., pixiv Inc., TIS Inc., extra mile Inc. (a group company of TV Asahi Holdings Corporation), Kyoto University of the Arts, Hatena Co., Ltd., CAC Corporation, and CYBERLINKS CO., LTD. This network will eventually expand to 21 validator companies.
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