Nihon Chokuhan Plans Payment Token for Domestic IEO Launch

According to CoinDesk Japan, the company is working on a payment token to facilitate an Initial Exchange Offering within Japan.

Summary

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Terms & Concepts
  • Initial Exchange Offering (IEO): A fundraising method where a cryptocurrency exchange acts as the intermediary to sell tokens directly to investors.
  • Payment Token: A type of cryptocurrency designed primarily as a means of payment for goods and services.