Japan Open Chain Launches Native Token 'JOC Token' IEO General Lottery Sale Starting Today
～ Special Offer: Additional 20% Bonus Tokens for Purchases ～
Japan Blockchain Foundation Co., Ltd. (CEO: Hidekazu Kondo, hereafter referred to as “the Company”), which operates and manages the Japan Open Chain (JOC) consortium, has commenced the IEO General Lottery Sale of the “Japan Open Chain Token” (JOC) on the BitTrade Inc. (CEO: Ray Seki, hereinafter referred to as "BitTrade") today, December 4, 2024, at 11:00 AM JST.
We are pleased to announce that the Priority Early-Bird Sale for large-scale investors conducted prior to the General Lottery Sale significantly exceeded its target. In response, we have decided to conduct an additional sale of approximately 700 million yen in the General Lottery Sale, bringing the total fundraising target to approximately 1.2 billion yen.
For further details, please refer to the "Disclosure Information on the Sale and Handling of Japan Open Chain Token (JOC)."
◽️ Overview of the General Lottery Sale
| Application Period | December 4, 2024, 11:00 AM – December 17, 2024, 11:00 PM JST |
| Sale Price | 30 JPY per JOC token |
| Purchase Unit | One unit: 200 JOC |
| Minimum Purchase Amount | 6,300 JPY（Including a 5% fee） |
| Total number of entries in the General Lottery Sale | 116,667 entries (720 million JPY) |
| Payment Currency | Japanese Yen (JPY) |
| Lock-Up Conditions | None |
| Sales Method | Lottery |
| If the number of applicants is lower than the number of entries available for sale | Each eligible customer will be allocated one entry through the "Guaranteed Single-Entry Win" system (a lottery will be conducted if the number of applications exceeds the available entries). Customers who apply for more than one entry will have their second and subsequent entries subject to the lottery. |
◽️ How to Apply for the General Lottery Sale
- Applications can be submitted through the BitTrade application form.
- A BitTrade account is required.
Open an account here.
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- The purchase amount is 6,300 JPY per unit (including fees).
- The purchase will not be considered on a first-come basis unless the payment amount has been deposited. Please ensure that your BitTrade account has sufficient Japanese Yen balance in advance.
- Please confirm that the required Japanese Yen balance is correctly reflected in your BitTrade account before applying.
- You must enter the same email address and phone number registered with your BitTrade account.
- Access the application form here.
◽️ About JOC Tokens (JOC Coins)
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/en
- 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