The market for the BTC pair of "NinjaCoin" ($NC) will be opened and the trade will be started at 1 satoshi at Saturday, November 3, 2018. Now the "Airdrop campaign in which you can get NinjaCoin equivalent to 1 BTC" is going on and more than 6000 users have been applied so far.
To further build up the rapidly expanding NinjaCoin community, the project plans to introduce a payment method using NinjaCoin in luggage depositories in Tokyo Metropolitan Area. In addition to that, the project is preparing for releasing services for connecting with wallet services and social tipping. Don't miss it.
It is decided that "NinjaCoin," a cryptocurrency that Hands Free Travel Association develops and operates, will be listed on a cryptocurrency exchange market MERCATOX (Wtc 1cv New London House 6 London Street, City Of London, London, England, United Kingdom, EC3R 7LP, Company registration number: 10463744).
MERCATOX (https://mercatox.com/) is a cryptocurrency exchange platform located in London. MERCATOX has track record in trade of major cryptocurrencies such as Bitcoin and a lot of Japanese cryptocurrencies are listed. The market for the NinjaCoin/BTC pair will be opened at Saturday, November 3, 2018 and the trade will be started at 1 satoshi.
About NinjaCoin Project
NinjaCoin aims to become a currency that is commonly used by travelers all over the world. NinjaCoin is developed and promoted mainly by a NPO "Hands Free Travel Association". NinjaCoin is a digital asset issued on a blockchain and a currency for the next generation to which various functions are added using the smart contract technology. NinjaCoin aims to be used as a key currency for "Tebura" that is a distributed tourist service platform in which providers of travel and tourist services can meet up with travelers on the internet to freely provide their services.
This platform enables anyone to provide tourist services to users in a P2P scheme. There is no rule that is stipulated in a centralized manner and members of the community are allowed to freely define the price and conditions of the service. This project creates a fair and democratic travel economy and supports to resolve issues in travel and tourism business and develop the local economy. Furthermore, the project aims to finance NinjaCoin to people in a region who have not been able to travel abroad due to the economic level of the country as well as the existing travelers and businesses. This scheme provides a mechanism in which the people can earn and reimburse NinjaCoin by providing services to travelers via the Tebura platform and further develops the travel economy.
Current aggregate value of NinjaCoin / policy for protecting token owners for listing
NinjaCoin Project has raised fund of more than 700ETH from angel investors and cryptocurrency funds. This project discloses its policy for the current aggregate value of NinjaCoin to everyone who want to own NinjaCoin to gain understanding of them as possible. A part of the policy of the project is described below:
Generally current aggregate value of a cryptocurrency is calculated as follows:
Total number of issued coins x Unit price of the coin = Current aggregate value of the coin
35 billion coins of NinjaCoin has been issued. The unit price of the coin is determined by defining the current aggregate value while comparing with the other projects that are appropriately comparable to NinjaCoin Project for various points and considering the situation of market. As a result, the current aggregate value of NinjaCoin is determined to be 300 million yen as of October 2018. For the listing, the total number of issued coins is changed to be 35 billion coins\2) while assuming the current aggregate value of 300 million yen and the unit price of 1 satoshi \1*3). After NinjaCoin is listed on MERCATOX, the current aggregate value is calculated based on the trading price in the secondary exchange markets including MERCATOX.
*1: 1 satoshi is the minimum division unit of Bitcoin.
*2: There has been no request for refunding so far after the measure for protecting existing owners of NinjaCoin was announced to the owners.
*3: It is not planned to change the total number of issued coins in the future.
We deliberately explain its policy for the current aggregate value to people who want to own the cryptocurrency because there are increasing cases in which a token or cryptocurrency is put on sale at an excessive price and the price slumps after it is listed.
We disclose our policy for setting of the current aggregate value in advance and recommends to own NinjaCoin if you can agree with the policy. We have discussed and reviewed the current aggregate value with the project members and external advisers and appropriately adjusted it along with the situation of the market and progress of the project.
In addition to that, this project locks up NinjaCoin that is owned by large holders and project members as well as considering appropriate exchange market and method for listing to protect owners of NinjaCoin as possible. For the listing of this time, we selected MERCATOX because it is an exchange market where it is allowed to start the trade at 1 satoshi which is the minimum division unit of Bitcoin. Furthermore, we confirmed that more than 90% of NinjaCoin that is already owned is in the lock-up period to prevent selling pressures from large holders with utmost consideration. For owners of NinjaCoin that is not in the lock-up period, we will continuously try to make them hold NinjaCoin for a long time by developing new product, conducting marketing campaigns, and regularly providing information and communicating with them. We will also execute a measure to guarantee that our project will buy out NinjaCoin at 1 satoshi for users who newly own NinjaCoin for one week from the start of trade in MERCATOX.
This project aims to develop NinjaCoin and Tebura to become a platform that is autonomously operated in a non-centralized manner and ultimately disassemble Hands Free Travel Association. We will enforce measures for protecting owners as possible to appropriately control and contribute to the process of development.
Background of listing on MERCATOX
Since its establishment, NinjaCoin Project has not announced or discussed any plan for listing on a cryprocurrency exchange market. However, it became able to introduce NinjaCoin to several luggage depositories operated by Hands Free Travel Association in Tokyo Metropolitan Area and we received some requests for using NinjaCoin for payment in actual stores. We considered that it has become necessary to provide users with a measure to obtain NinjaCoin in the market. Then we started to consider the listing.
In addition to that, after one year has past since the project started, we concluded that it is required to provide an option to mobilize the asset owned by the holders who have owned NinjaCoin for a long time and supported the project. We will conduct development and marketing activities to enable NinjaCoin to be used for various travel services and cryptocurrency applications.
Progress of on-going Airdrop campaigns
NinjaCoin Project is in the middle of Airdrop campaign in which you can get NinjaCoin equivalent to 1 BTC that started on October 15 to commemorate the listing. More than 6000 people have joined the campaign from all over the world. In the community that this project is operating in Discord, vigorous discussions are taking place among the users regarding NinjaCoin, blockchain, and issues in travel business industry. The application for the campaign will be closed in November 15, however, please apply soon because the limit is set for the capacity.
* Refer to the press release in the URL below for the detail of and application for the campaign: https://prtimes.jp/main/html/rd/p/000000009.000034013.html
NinjaCoin Project and its operating organization
NinjaCoin Project is a non-profit project operated mainly by Hands Free Travel Association and SamePage Ltd. In addition to the two companies that constitutes the operating organization, the project has an advisory board that is constituted with such as a person who came from Silicon Valley and succeeded in IPO (stock listing) in a Japanese IT company, a representative of a development subsidiary company of an IT company that lists the stock on TSE's Mothers market, and a representative of a domestic cryptocurrency fund. Furthermore, various members join from such as Bangladesh, France, Hong Kong, the United States, and China to constitute a global team. SamePage Ltd. (https://samepagenet.com/) that is engaged in the development has plenty of track record such as the award in the business plan contest held by MIT and venture support programs provided by Osaka and Kobe Cities. It has developed a lot of blockchain applications since this project started.
See the official web site of this project for the detail:
Official web site: https://tebura.ninja/ico/?lang=ja
Campaigns held before listing on MERCATOX and release schedule
NinjaCoin Project plans to held the following campaigns commemorating the listing of this time:
- Airdrop campaign: On-going, application will be closed in November 15
- New member referral campaign for Discord: Scheduled to be released around at October 22
- Meet-up event just before the listing: Scheduled to be held in the last week of October
- Introduction of NinjaCoin as a payment measure in actual stores: Scheduled to be released in the last 10-day period of October
- Implementation of social tipping function: Now under preparation including negotiation with partners
- Listing on MERCATOX: Scheduled to be November 3 \)
* Although we have already received the approval for listing from MERCATOX and the required procedures have been completed, the date of the listing might be changed due to the condition in the exchange market. Thank you for your understanding in advance.
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