Financier token IEO, application amount exceeds 1,066 million yen in 1 hour | coindesk JAPAN | Coindesk Japan

At the Coincheck IEO of the cryptocurrency exchange Coincheck, the application amount for “Financier Token (FNCT)”, for which purchase applications began on February 21, reached 1 billion, the total sales amount (target procurement amount), in just one hour from the start. Exceeded 66 million yen. Financier announced on the 22nd.

Financier Token is a platform token that connects projects and teams on the token-issuing crowdfunding service “FiNANCiE” developed by the company. Various utilities are planned to revitalize the community.

The total issuance limit of financier tokens is 20 billion, and the number of IEO sales is 2.6 billion, which is 13% of the total issuance, and the selling price is 0.41 yen. If the sales at the IEO are sold out, it will be 1.066 billion yen, but it has already exceeded that.

The purchase application will be held until March 7th as planned.

｜Text and editing: coindesk JAPAN editorial department
｜Image: From release materials