[NEWS] NOT A HOTEL COIN starts IEO application, first in Japan with real assets

NOT A HOTEL DAO, a wholly owned subsidiary of NOT A HOTEL, began accepting applications for the IEO of "NOT A HOTEL COIN (NAC)" on the domestic cryptocurrency exchange GMO Coin from the 31st. At the same time, they also released a white paper and a new website detailing the project.

NOT A HOTEL DAO's vision is to "make the world more fun," and it aims to go beyond the common sense of "one home" and realize a free and creative lifestyle by utilizing Web 3.0 technology.

NOT A HOTEL developed a new system that combined NFT and RWA (real-world assets) in 2022, achieving sales of 760 million yen in Japan.

This initiative has had a significant impact on many subsequent projects, becoming a pioneer and benchmark model in the fusion of NFT and RWA. Currently, NOT A HOTEL's RWA NFT is supported by many users and is used for daily accommodation.

This NAC token IEO will further develop this success and provide a new system that allows more people to utilize RWA.

NOT A HOTEL DAO is a new Web 3.0 project that provides a mechanism for everyone to own and use NOT A HOTEL.

By holding "NAC," users can participate in the DAO and earn the right to use NOT A HOTEL simply by lending NAC, allowing them to enjoy a free and creative lifestyle that combines RWA and Web 3.0.

NOT A HOTEL DAO aims to create a fun and prosperous future together with its fellow members who share the same vision.

NAC utility

NAC is an ERC-20 standard cryptocurrency issued on Ethereum (ETH) and has the following utilities.

Acquiring accommodation rights: Can be acquired by lending

Payment method: Payment of incidental fees during accommodation and property management fees, etc.

Using limited benefits: Holders can enjoy new experiences through campaigns

The IEO schedule for NAC is as follows: Applications will open on GMO Coin on the 31st, and the lottery will be held on December 7th. Additionally, it is scheduled to be available on GMO Coin at the same time as the NOT A HOTEL DAO service starts on December 13th.

The number of coins to be sold is 2 million, and the price is 1,000 yen per coin. The minimum purchase is 10 coins (10,000 yen), and the maximum purchase is 250,000 coins (250 million yen). The total number of coins to be issued is unlimited.

Reference: Announcement
Image: Announcement

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