Coincheck IEO Part 2
Coincheck Co., Ltd. announced on the 15th that it will start accepting applications for purchase of “Financier Token (FNCT)” on the IEO platform “Coincheck IEO” from February 21, 2023. At the same time, the white paper of the crypto asset (virtual currency) Financier Token (FNCT) was released.
2.6 billion coins (13% of the total issued quantity) were prepared for sale at the Coincheck IEO against the total issuance limit of 20 billion coins for FNCT. The selling price is 0.41 yen/FNCT, and one unit can be purchased from 10,000 FNCT (4,100 yen) in Japanese yen, and the maximum number of applications is 2,000 units (approximately 8.2 million yen). The sales commission is set at 8%.
Financier Token is a platform token of FiNANCiE, a token-issuing crowdfunding service that utilizes blockchain. Responsible for more effectively connecting Community Tokens (CT) issued by more than 100 issuers (individuals, clubs, projects) using this service.
The benefits of FNCT holders include being able to reward FiNANCiE users, participating in governance (voting activities) to grow the platform’s token economy, and receiving more Community Tokens (CT) than usual. You can receive various benefits such as being able to purchase
What is FiNANCiE?
A platform that provides token-issued crowdfunding and a community for sports clubs and creators to realize their dreams and goals with their supporters. In addition to providing funds to the sports clubs and creators who own the community, it is designed to give clear benefits to the fans who become supporters.
Cryptocurrency Glossary
The upcoming schedule for the IEO is as follows.
・Purchase application starts at 12:00 on February 21, 2023
・Purchase application ends at 12:00 on March 7, 2023 ・Lottery
・From March 8, 2023 to March 9, 2023 Financier token delivery and lottery result notification
・March 16, 2023 12:00 Coincheck Exchange will start handling Financier Tokens
A Coincheck account is required to apply for the IEO lottery.
About Financier Co., Ltd.
Financier Co., Ltd. is the only company in Japan that provides comprehensive support for the formation and expansion of the token ecosystem, including NFT planning and issuance support and IEO support, based on the token issuance crowdfunding “FiNANCiE” using blockchain. Operates the web3 platform.
In the future, by combining Financier Token (FNCT) and community tokens issued by each community on FiNANCiE, we aim to develop the creator economy, which was closed within FiNANCiE’s service, into a global ecosystem.
Prior to the IEO implementation, Financier will hold a business strategy briefing online on February 20th. On the day of the event, Mr. Kunimitsu, the representative of the company, will explain the strategy, and a panel discussion will be held with the owners of projects using FiNANCiE.
▼Financier Business Strategy Briefing Overview
Date: February 20, 2023 10:00-12:00 (tentative)
Delivery URL: https://www.youtube.com/@financie9516
Speakers:
Hirohisa Kunimitsu (CEO, Financier Co., Ltd.)
Ryuichi Tanaka (Financier Co., Ltd. Director COO/CMO)
Tomoya Yamada (Executive Officer, Entertainment Business Manager, Financier Co., Ltd.)
Mr. Ukyo Katayama (Japan Cycle League)
Shusaku Hayakawa (Ryukyu Astida)
Takashi Kawamori (Avispa Fukuoka)
Mr. Yukihiko Tsutsumi (SUPER SAPIENSS / Office Crescendo Co., Ltd.)
Mr. Katsuyuki Motohiro (SUPER SAPIENSS / Production I.G. Co., Ltd.)
Mr. Takeshi Moriya (SUPER SAPIENSS / Atmovie Co., Ltd.)
Coincheck IEO
Coincheck’s IEO implementation is the first since the NFT specialized chain “Pallet Token (PLT)” in July 2021. Financier Co., Ltd. and Coincheck signed a contract in November 2009 to raise funds through an IEO.
IEO is an ICO (Initial Coin Offering), which is a mechanism for raising funds by electronically issuing utility tokens by companies and projects. It’s a token sale model.
Source: Coincheck
connection:What is IEO, a new method of raising funds for cryptocurrencies?
Compared to ICOs (initial coin offerings), which were the standard until around 2019, the reliability of the project and the flow of tokens have improved because it provides procurement support on the premise of new listings after being screened by crypto asset exchanges. There is an advantage that it is easy to anticipate improvement in sexuality.
The pallet token, which started to apply for purchase from July 1, 2009, exceeded the procurement target amount of “931.5 million yen” in 6 minutes from the start. The final lottery multiple was 24.4 times as demand flooded in like a popular IPO on the stock market.
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