DART Corporation, a blockchain development company based in Shibuya, Tokyo, has announced an Initial Exchange Offering (IEO) for its DAR token. The token sale is scheduled to begin on January 12, 2024, at 9:00 AM Japan Standard Time on the P2B cryptocurrency exchange platform.
Originally, the company planned to conduct its IEO in Japan through a local exchange. However, due to unforeseen regulatory circumstances, the decision was made to proceed with an overseas offering first. Following this initial phase, DART Corporation intends to pursue listings on multiple domestic and international exchanges.
What Is an Initial Exchange Offering (IEO)?
An Initial Exchange Offering, or IEO, is a fundraising method conducted through a cryptocurrency exchange. Projects can预售 their tokens directly on an exchange’s platform to raise capital, often used to support community growth and product development. This approach offers increased credibility and accessibility compared to other token sale models.
IEOs are managed by the exchange, which typically conducts due diligence on the project, providing an added layer of trust for participants.
Introduction to P2B Crypto Exchange
P2B Crypto Exchange is a centralized trading platform established in 2017. It reports a daily trading volume of approximately $1.5 billion and is ranked among the top 30 global exchanges by trading volume. The exchange is known for its user support, variety of listed tokens, and options for purchasing crypto via bank cards.
It maintains strong ratings on platforms like Trustpilot and CoinMarketCap, reflecting its focus on security and reliability.
DAR Token IEO Schedule
The IEO for the DAR token will be carried out according to the following timeline:
- Start Date & Time: January 12, 2024, at 00:00 (UTC) / 09:00 (JST)
- End Date & Time: January 24, 2024, at 00:00 (UTC) / 09:00 (JST)
👉 View the official token sale page for more details
DAR Token Overview
- Token Name: DAR Token
- Issuer: DART Corporation
- Ticker Symbol: DAR
- Token Standard: ERC-20 (with cross-chain functionality to DART’s Chain)
- Total Token Supply: 60,000,000,000 DAR
- Initial Circulating Supply: 30,000,000,000 DAR
- Decimal Places: 18
Utility of the DAR Token
The DAR token is designed as a digital asset rights token within the DART ecosystem. Its primary function is to facilitate payments and enable revenue sharing among creators, distributors, and other participants engaged with high-functionality NFTs and RFTs.
Revenue distribution from NFT and RFT transactions will be automated through a Vault smart contract deployed on DART’s proprietary blockchain. For broader real-world utility, DART plans to enable the gradual conversion of DAR tokens to fiat currency through listings on global exchanges.
The project aims to support various industries by improving how asset value is defined, preserved, and transferred, particularly in the realms of copyright management and digital content distribution.
About DART Corporation
DART Corporation is a blockchain technology provider focused on developing solutions for the digital asset space. Its core offerings include optimized Layer-1 blockchain infrastructure for NFT issuance, a secure network wallet that avoids exposing private keys, and cross-chain bridging functionality for NFTs.
Company Profile
- Company Name: DART Corporation
- Representative Director: Yasunori Sugii
- Headquarters: Marubashi Building 2F, Higashi 1-25-2, Shibuya-ku, Tokyo
- Founded: October 2021
- Capital: 60 million JPY (plus 60 million JPY in capital reserve)
- Member: Japan Blockchain Association (JBA)
Primary Business Activities
- Developing digital rights management systems using distributed ledger technology.
- Sales and settlement of digital content, along with building revenue distribution systems.
- Dissemination of digital content and development of viewing platforms.
- Rights management for licensed products.
- Tracking and management systems for licensed product sales.
- Any business incidental or related to the above items.
Frequently Asked Questions
What is an IEO?
An Initial Exchange Offering is a token sale event hosted on a cryptocurrency exchange. The exchange acts as a facilitator, vetting the project and providing its user base with access to the token sale, which can simplify the participation process for investors.
Why did DART switch from a Japanese IEO to an overseas one?
The company’s initial application for a Japanese IEO was accepted by the JVCEA. However, due to an unforeseen audit of their intended local exchange partner by regulators, the plans were delayed. To maintain their timeline, DART decided to proceed with an overseas IEO first.
What is the DAR token used for?
The DAR token is designed for payments within the DART ecosystem. It will be integral to a revenue-sharing model for creators and participants involved in the issuance and distribution of advanced NFTs and RFTs, managed by smart contracts.
How can I participate in the DAR IEO?
To participate, users will need to create an account on the P2B Crypto Exchange, complete any necessary verification steps, and fund their account. The token sale page on the exchange will provide specific instructions for purchasing DAR tokens during the sale period.
What is the total supply of DAR tokens?
The total maximum supply of DAR tokens is set at 60 billion, with 30 billion tokens being offered in the initial circulation during this IEO event.
What makes P2B Exchange a suitable platform for this IEO?
P2B Exchange is a well-established platform with significant daily trading volume and high trust ratings. Its experience in supporting new cryptocurrency projects makes it a viable partner for hosting a token sale and ensuring a smooth process for participants.