What is JOC Coin of Japan Open Chain?

All transactions performed on the Japan Open Chain blockchain, including transfers, NFT issuance, and smart contract creation, are verified by Validators. In return for this, gas fee payment is required. The currency used for this payment is JOC Coin, issued on Japan Open Chain.

This token is necessary for all transactions on Japan Open Chain, making it an indispensable element for Japan Open Chain.

The transaction fee mechanism is determined by the protocol following the same mechanism as Ethereum mainnet. Additionally, a total supply of 1 billion tokens has already been issued and will be allocated for the stable and sustainable development of the ecosystem.

The Japan Open Chain operational organization will promote the construction of third-party applications and dApps on Japan Open Chain. We plan to provide grants and funding to third-party app developers so they can build various use cases on Japan Open Chain. If you are interested in building applications on Japan Open Chain or already have services and solutions, please contact us.