HashPalette announced on February 8th that it will conduct an IEO (Initial Exchange Offering) for ELF Token on bitFlyer IEO. This is the fifth IEO in Japan and the first IEO for gaming tokens.
Elf Token is a crypto asset that can be used when playing the metaverse farming blockchain game “THE LAND Elf Forest'' scheduled to be released on February 26th by the company. You can purchase NFTs (land and items) in the game, and you can also earn benefits by staking them.
The total issuance limit for Elf tokens is 1 billion ELF, and 10%, or 100 million ELF, will be sold at IEO. The selling price is 12.50 yen. Applications will be accepted from 7pm on the 9th.
Hash Palette is involved in the development of the blockchain “Palette Chain” specializing in NFT distribution, and in July 2021, it conducted an IEO for the chain's native crypto asset Palette Token (PLT) as the first IEO in Japan. . This IEO is the second IEO for the company.
｜Text: CoinDesk JAPAN Editorial Department
｜Image: From the release