Japanese cryptocurrency exchange Coincheck will host the IEO of NFT platform Hashpalette


Coincheck, a Japanese cryptocurrency exchange company, Today announced plans for Hashpalette this summer ( Blockchain network Cast, manage and trade as the digital content of NFT.

As early as the summer of 2019, in order to promote the growth and development of its cryptocurrency exchange, Coincheck began to consider Enter IEO business. Then, back in August 2020, Coincheck and Hashpalette announced their goal of achieving Japan’s first IEO.

IEO

IEO (Initial Exchange Product) is a system in which a cryptocurrency exchange supports the formation and development of a community and supports the purchase of funds by issuing tokens.​​​

IEO is an initial coin offering (ICO), which is a method for companies or projects to digitally issue utility tokens to obtain funds. Cryptocurrency exchanges are the main participants in the sale of issuer tokens.

The tokens issued by companies and projects can establish an open decentralized network with users, developers, investors, service providers and other network participants from all over the world.



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