[NEWS] Coincheck to conduct IEO of "Brilliant Crypto Token" issued by COLOPL subsidiary

On the 20th, domestic cryptocurrency exchange Coincheck announced that it will begin accepting applications to purchase BrilliantCrypto Tokens (BRIL), issued by BrilliantCrypto, Inc., a subsidiary of the COLOPL Group, which develops and operates online games.

Applications will be accepted from May 27th on the IEO platform "Coincheck IEO" provided by Coincheck. Applications will close on June 10th, and the sales results will be announced the following day on the 11th.

At the same time, BrilliantCrypto announced that it has decided to release the PC version of the game "BrilliantCrypto" on June 17th. BrilliantCrypto Tokens will be available for trading on the exchange and sales service on June 17th, the same day as the game's release.

The total amount of BrilliantCrypto issued is 1 billion BRIL, and the total amount sold in this IEO will be 70 million BRIL, which is equivalent to 7% of the total amount issued. The offering price is 1BRIL = 21.6 yen, the sales commission is 8%, the maximum number of applications is 2,000, and the quantity per unit is 250BRIL. If the total application amount is less than 1.512 billion yen, the offer will not be completed.

Brilliantcrypto tokens are crypto assets issued on the Polygon blockchain. They can be used to purchase and strengthen the "NFT pickaxe" that can be used in the blockchain game Brilliantcrypto, recover durability, and purchase gems (NFTs) that can be traded in the game, and can be used to start the game or to progress more effectively.

It is also possible to earn Brilliantcrypto tokens by mining in the game.

In the future, Brilliantcrypto tokens will be listed on cryptocurrency exchanges around the world, raising awareness of Brilliantcrypto and aiming to increase its value by spreading the value of gems around the world.

About Brilliantcrypto

Brilliantcrypto is a blockchain game that introduces a new model called "Proof of Gaming". Inspired by Bitcoin's consensus mechanism, PoW (Proof of Work), this project introduces a new model called "Proof of Gaming" that creates value for others by proving the value of gems through gameplay, and is a global project originating in Japan that aims to create a valuable economic sphere in the metaverse.

Brilliantcrypto is a wholly owned subsidiary of COLOPL, Inc., which operates a blockchain game business. It was established with the aim of creating attractive games that will attract people's attention and address the challenges that blockchain games face.

Brilliantcrypto has also partnered with the prestigious soccer club Paris Saint-Germain as a premium partner. The company released a collaboration video with Paris Saint-Germain for the IEO.

Reference: Coincheck Press release, Brilliantcrypto Press release
Image: Press release

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