Japan Open Chain

About Japan Open Chain

Japan Open Chain (JOC) is a L1 public blockchain optimized for business, with a practical balance between decentralization and scalability. JOC adopts the “Proof of Authority (PoA)” consensus algorithm, which ensures sufficient reliability and excellent scalability as long as it is operated by trusted validators.Furthermore, JOC is an Ethereum-compatible public chain operating under Japanese law, which is known for political and legal stability on a global scale. The validators of JOC are compos Highlight/Vision: Highlights/Features _about 50-80 words_ Japan Open Chain is designed to be the optimal blockchain for use in finance and business, operating under Japanese laws and regulations. It enhances legal security for companies and individuals engaging in business or financial transactions. Our stance is that creating a Layer 1 blockchain operated by trusted validators provides greater peace of mind. This legal foundation is the key differentiator between Japan Open Chain and many other permissionless blockchains. Token Economics: Japan Open Chain_s core token, JOC token, serves as the fee token for a wide range of activities on the platform, including transfers, NFT issuance, and the deployment of smart contracts. A total of 1 billion JOC tokens have been minted upon the creation of the network, and there will be no further mint in the future. Japan Open Chain plans to implement the London Hard Fork, and the total available supply will gradually decrease over time. Technical Overview: Japan Open Chain is an EVM-compatible Layer 1 public blockchain. It adopts the Proof of Authority _PoA_ consensus algorithm and is planning to implement Nethermind, the world’s No.1 Ethereum node client. This upgrade is expected to enable the network to handle tens of thousands of transactions per second. Token Allocation: - Token Sale _IEO_ 5.0%: 100% unlocked at TGE, no cliff period, Vesting Period 0 months - Initial Backers 10.0%: 0% unlocked at TGE, 6 months cliff period, Vesting Period 18 months - Validators 13.4%: 0% unlocked at TGE, 18 months cliff period, Vesting Period 100 months - Research & Development 19.5%: 0% unlocked at TGE, 6 months cliff period, Vesting Period 60 months - Community Management 10.0%: 0% unlocked at TGE, 6 months cliff period, Vesting Period 60 months - Eco 30.1%: 50% unlocked at TGE, 0 months cliff period, Vesting Period 36 months - Partner Rewards 12.0%: 0% unlocked at TGE, 0 months cliff period, Vesting Period 54 months