Coincheck to Conduct Initial Offering of FiNANCiE Token on Its IEO Platform

Japanese crypto exchange, Coincheck, which is owned by the Monex Group, announced that it plans to conduct an initial offering of FiNANCiE Token (FNCT) on its IEO platform "Coincheck IEO" this winter, under the related agreement concluded in November 2021 with FiNANCiE, Inc.

IEO is a mechanism whereby crypto assets issued by companies, projects, etc. are vetted by a crypto asset exchange before being sold. IEO also enable issuers to form and strengthen communities by utilizing the issued tokens.

As announced on November 29, 2021, Coincheck has been preparing for the issuance and the sales of "FiNANCiE Token" as the second project of "Coincheck IEO." FiNANCiE has a track record of issuing, selling, planning and conducting an overall operation of more than a hundred eighty tokens for retail and institutions.

Coincheck successfully launched its IEO platform "Coincheck IEO" and completed Japan's first fundraising project through IEO with Hashpalette Inc. in July 2021.

The "FiNANCiE Token" to be issued and sold by this project will be used as a platform token that will play the role of a common currency for FiNANCiE's club token and NFT service issued at the "FiNANCiE," a blockchain based crowdfunding 2.0 service.