Coincheck, a company headquartered in Japan Bitcoin/crypto exchange company, Today announced that it will officially launch its new initial trading product (IEO) platform Coincheck IEO on July 1, 2021.

In the first step, Coincheck IEO will start accepting purchase orders for Palette tokens (PLT) on July 1st Published by Hashpalette Inc.

Palette token

Palette token is an ERC-20 cryptocurrency that can be used for entertainment NFT platform Palette. They are a very useful token and are only available on the Palette consortium chain.

PLT tokens are mainly used in the following applications:

1. Purchase issued NFT (non-fungible tokens)
2. Pay Palette node management fee
3. Entrusted to members of the Palette Alliance
4. Pay for smart contract or NFT issuance fees

Palette uses cross-chain technology to interoperate with Ethereum and other blockchains. With plans to steadily improve interoperability with other blockchains, Palette is expected to support the further expansion of the cryptocurrency ecosystem.

schedule:

• 12:00 on July 1st: Start accepting purchase orders
• 18:00 on July 15th: End of accepting purchase orders
• July 20: Lottery and transfer of Palette tokens in order
• July 27: Palette token trading starts at 12:00 on the exchange

Details related to the Palette token sale:

• Token Issuer: Hashpalette Inc
• Token issuance: Palette Token (PLT)
• Total issuance: 1,000,000,000
• Total issuance: 230,000,000 (23% of total issuance)
• Sales price: ¥ 4.05 /PLT
• Payment currency: Japanese Yen

Coincheck IEO released

IEO is an initial coin offering (ICO). A company or project electronically issues utility tokens to obtain funds, while cryptocurrency exchanges serve as the main party to screen projects and sell issuer tokens.

Developers, investors, service providers, and other network participants around the world are using IEOs to build open, decentralized networks and design new forms of incentives.

By screening projects and selling utility tokens issued by companies and projects, Coincheck IEO will serve as a platform to form and develop communities and support fund procurement.

Coincheck IEO will provide a safe and easy-to-use environment for Japanese cryptocurrency investors to participate in promising projects in Japan and overseas, and contribute to the further development of the cryptocurrency market by supporting cryptocurrency and blockchain-related projects.