Brilliant Crypto sets record for highest IEO participation, starts trading on Coincheck

Coincheck reported that the “Coincheck Initial Exchange Offering (IEO)” service for the Brilliant Crypto Token (BRIL) received applications amounting to 33.3 billion yen from 79,400 applicants

Tokyo FinTech— Coincheck has announced that the “Coincheck Initial Exchange Offering (IEO)” service for the Brilliant Crypto Token (BRIL) received applications amounting to 33.3 billion yen from 79,400 applicants, setting new records for the highest JPY value and number of applicants of any IEO conducted on Coincheck IEO to date.

The IEO closed purchase applications on June 10 and a lottery was conducted. Lottery result notifications and BRIL distribution to winners were carried out on June 11 and June 12. Additionally, trading of BRIL commenced on June 17 on the Coincheck Exchange and the Over-the-Counter Market (once sufficient liquidity has been reached).

Together with the BRIL IEO, Coincheck also conducted an “INO” (Initial NFT Offering) for the “Tsuruhanashi NFT” collection, which is required to play the blockchain game “Brilliant Crypto”. All applicants of the BRIL IEO were granted a pre-order slot to participate in the “Tsuruhanashi NFT” pre-order sales that started on June 12. The “Tsuruhanashi NFT” is an item necessary to obtain BRIL and gems within the “Brilliant Crypto” game that was released on June 17, and this INO presented the earliest and most affordable opportunity to acquire it.

About BRIL

BRIL is a crypto asset issued on the Polygon blockchain that can be used in the blockchain game “Brilliant Crypto”. In “Brilliant Crypto”, players can obtain gems and crypto assets by mining in-game mines with a pickaxe.

Pickaxes and gems in “Brilliant Crypto” are NFTs, and players can use BRIL to purchase or enhance “Tsuruhanashi NFTs” used in the game, recover durability, and more. BRIL can also be used to start the game and play more efficiently.

For more details on BRIL, a whitepaper has been published by the issuer, Brilliant Crypto.

About the Blockchain Game “Brilliant Crypto”

Brilliant Crypto is a blockchain game that introduces a new model called “Proof of Gaming”. Inspired by Bitcoin’s consensus algorithm “Proof of Work”, the “Proof of Gaming” model allows gameplay to prove the value of gems, creating value for others. It is a global Japanese project aiming to create a valuable economic sphere in the metaverse.

About Brilliant Crypto

Brilliant Crypto is a 100% subsidiary of COLOPL, which operates various blockchain gaming businesses. Brilliant Crypto was established to seriously address challenges in blockchain gaming and create a dazzling game that attracts people’s attention. Leveraging blockchain technology and COLOPL Group’s extensive expertise from years in the gaming business, Brilliant Crypto aims to create new value for the world.

News source：https://www.kdj.com/cryptocurrencies-news/articles/brilliant-crypto-sets-record-ieo-participation-starts-trading-coincheck.html

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