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FNCT (Financie Token) Exceeds JPY 20 billion (USD 150 million) in IEO Applications – Press release Bitcoin News

FNCT (Financie Token) Exceeds JPY 20 billion (USD 150 million) in IEO Applications – Press release Bitcoin News

PRESS RELEASE. Trading available on Coincheck (exchange) from March 16 〜

FNCT (Financie Token) main page:

Financie, Inc. (Headquarters: Shibuya-ku, Tokyo, CEO: Hironao Kunimitsu, hereinafter referred to as “Financie”) announces the results of its crypto asset FNCT (Financie Token) sales on the Coincheck IEO. The sales result shows that the application amount was JPY 20,021,288,100 (USD 150m) and the application rate was 18.78x. FNCT (Financie Token) will be available for trading on Coincheck from March 16, 2023, and we will launch FNCT Staking in Spring 2023. Additionally, Financie has begun preparations to list FNCT on global crypto exchanges.


Staking is a mechanism that allows users to receive crypto assets in exchange for contributing to the generation of crypto assets and the stable operation of the blockchain. Financie regularly records transaction history on the Ethereum blockchain to ensure the transparency and the value of the Community Token* issued and used on the blockchain-based token-issuing crowdfunding service FiNANCiE. In Staking, which will be launched in Spring 2023, users can participate by locking FNCT with a validator (a processor that verifies and approves data) and will receive FNCT in return. The detailed method of participation and rewards for staking will be announced later.

*Community Token is NOT a crypto asset. It can be used only in FiNANCiE service.

Details of the sales results

・Total application amount:JPY 20,021,288,100 (USD 150m)

・Application Rate :18.78x

 (Total application amount / Total amount sold)

・Number of accounts applied:24,833 accounts

・Total amount sold:JPY 1,066,000,000 (USD 8.0m)

The funds raised (approximately JPY 1.066 billion) will be used for the further development of FNCT, and the expansion and revitalization of the FNCT ecosystem.

About FNCT (Financie Token)

FNCT (Financie Token) is a crypto asset issued on the Ethereum blockchain. It serves as a platform token that effectively connects Community Token issued and used in “FiNANCiE,” a token issuance-based crowdfunding service utilizing the blockchain provided by Financie, Inc. in order to enhance the long-term value of Community Token.

More detailed examples of the utilization of FNCT (Financie Token) include providing rewards to users of FiNANCiE and using it as an incentive for the continued growth of excellent communities on FiNANCiE. In addition, FNCT (Financie…

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