Cryptocurrency exchange Coincheck has signed a contract with Financier (FiNANCiE) on the 29th to raise funds by IEO.Announced.. Aim for realization by the summer of 2022.

IEO is a mechanism in which a virtual currency exchange substitutes for fund raising using utility tokens. Coincheck has already started the first IEO in Japan with pallet tokens, and the IEO with Financier will be the second.

Financier has been issuing, selling and planning tokens by more than 100 issuers for professional soccer clubs and table tennis professional teams.

Financier will issue “Financier Tokens” and sell them on Coincheck’s IEO platform “Coincheck IEO”. The “Financier Token” is issued on the Ethereum blockchain and plays a role in providing incentives to Financier users and encouraging participation in governance throughout the ecosystem. It aims to improve the value of tokens by connecting the tokens issued by Financier so far.