Japan Blockchain Foundation Co., Ltd. (CEO: Hidekazu Kondo, hereinafter "the Company"), which operates and manages the consortium of "Japan Open Chain (JOC)," an Ethereum-compatible public blockchain operated by Japanese companies, announces that the JVCEA (Japan Virtual and Crypto Assets Exchange Association) has completed its review of the IEO (Initial Exchange Offering) sale of Japan Open Chain's native "JOC Token" on domestic cryptocurrency exchanges.
Following several months of final review by financial authorities, JOC Tokens are expected to be available for purchase by the general public through the domestic cryptocurrency exchange BitTrade around this fall*.
Details of this IEO will be announced once finalized.
*This does not necessarily guarantee the implementation of the IEO.
▼Related Press Release Announcement of Final Agreement with BitTrade for Collaboration towards IEO Implementation of Japan Open Chain
https://www.jbfd.org/en/news/ieo-bittrade
◽️ Japan Open Chain: A Japan-Originated Blockchain Focusing on Practicality
Validators(Blockchain Operating Partner)
"Japan Open Chain" is a public blockchain fully compatible with Ethereum (Layer 1) that focuses on practicality. Designed in collaboration with industry-leading major companies and web3 businesses, it operates in compliance with Japanese law, making it an optimal blockchain infrastructure for anyone worldwide to use safely, quickly, and affordably, particularly in finance and business fields.
Current validators (blockchain operation partners) include CORGEAR Inc. (a Sony Group internal startup), Dentsu Inc., NTT Communications Corporation (NTT Group), G.U.Technologies Inc., insprout Inc., Kudasai Inc., Minna Bank, Ltd., pixiv Inc., TIS Inc., extra mile Inc. (TV Asahi Group), and Kyoto University of the Arts, with plans to eventually include 21 companies.