FNCT (Financie Token) Exceeds JPY 20 billion (USD 150 million) in IEO Applications

10} PRESS RELEASE {/netabare}

PRESS RELEASE Trading Available on Coincheck (Exchange) from March 16th ~

FNCT (Financie Token) main page. https://fnct.xyz

Financie Inc. Shibuya-ku, Tokyo; President: Hironao Kunimitsu; hereinafter “Financie”) is pleased to announce the sales results of crypto asset FNCT (Financie Token) on Coincheck IEO. According to the sales results, the subscription amount was 20,021,288,100 yen (150m USD) and the subscription multiple was 18.78x. FNCT Staking is scheduled to begin in the spring of 2023. In addition, Financie has begun preparations to list FNCT on global crypto exchanges.

*usd1=jpy132. 79

Staking is a mechanism that allows you to receive crypto assets in exchange for generating them and contributing to the stable operation of the blockchain. To ensure the transparency and value of the community tokens* issued and used in FiNANCiE, a blockchain-based token-issuing crowdfunding service, Financier regularly records transaction history on the Ethereum blockchain. in spring 2023. In Staking, which is scheduled to launch, users can participate by locking their FNCT to a validator (a processor that verifies and approves data) and receive FNCT in return. Detailed participation and rewards for staking will be announced at a later date.

*Community tokens are not crypto assets and can only be used within the FiNANCiE service.

Details of sales results

Total amount applied: 20,021,288,100 yen (US$150 million)

Application multiplier : 18. 78 times

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– Number of applied accounts: 24,833 accounts

Sales Total amount: 1,066,000,000 yen (8. 0 million USD)

The funds raised (approximately 1,066 million yen) will be used to further develop FNCT and to expand and activate the FNCT ecosystem.

About FNCT (Financie Token)

FNCT (Financie Token) is a cryptographic asset issued on the Ethereum blockchain. It effectively connects community tokens issued and used in FiNANCiE, a blockchain-based token-issuing crowdfunding service provided by Financie Inc. and serves as a platform token to enhance the long-term value of community tokens.

Specific examples of how FNCT (Financie Token) can be used include providing rewards to FiNANCiE users and as an incentive for the continued growth of outstanding communities on FiNANCiE. The Financie Token (FNCT) can also participate in the governance of the entire ecosystem of the FiNANCiE platform. This contributes to the realization of a “user-driven operation.”

FNCT ecosystem”

As a FiNANCiE platform token, FNCT is designed and developed to provide additional benefits to supporters who activate sports clubs and creative communities, building an ecosystem that supports the value of FiNANCiE and Our goal is to increase the value of FNCT as more people activate their communities, which will then be passed on to FNCT holders.

https://fnct-whitepaper.gitbook.io/en/specifications/ecosystem

FiNANCiE Roadmap”

Launched in March 2019, FiNANCiE has provided long-term reliable operations as an app service; in 2023, FNCT will be issued and sold at IEOs, and utilities such as staking and governance for FiNANCiE users Services will also be launched, and by the end of 2023, we plan to strengthen and expand our domestic ecosystem to provide utilities and contribute to the creator economy.

Ver. 0] Stable operation as an application service (2019-)

[Ver. 1] FNCT IEO (mid-2023)Staking start / governance

Ver. 1.5] Domestic Ecosystem Expansion (by 2023)

Expansion of ecosystem, providing utilities that contribute to the sports/creator economy