What is JOCX
JOCX is an official ERC-20 token that enables the native token "JOC Coin" of Japan Open Chain to be used on other blockchains such as Ethereum. It operates on a 1 JOC Coin = 1 JOCX rate for issuance and redemption, with the total supply always linked to JOC Coin.
Significance of JOCX Issuance
Japan Open Chain is a high-speed, low-cost proprietary L1 public blockchain, but multi-chain compatibility is essential for JOC to connect with DeFi and wallets worldwide. By deploying JOCX as an ERC-20 token on Ethereum and various other blockchains, JOC's use cases will expand dramatically, making circulation and trading easier.
JOCX Issuance Method
JOCX is issued at a 1:1 rate by locking JOC Coin, and JOC Coin can be retrieved by burning JOCX. This mechanism ensures that JOCX's value is always linked to JOC Coin, and the total issuance of JOC and JOCX combined will never increase.
JOCX Specifications
| Item | Content |
|---|---|
| Token Name | JOCX |
| Ticker | JOCX |
| Token Standard | ERC-20 |
| Issuance Method | 1:1 Mint & Burn with JOC Coin |
| Maximum Supply | 1 billion tokens (combined with JOC Coin) |
| Deployed Networks | Ethereum, Avalanche, Base Network, Arbitrum |
| Contract Address | 0xbb1E1399EEE1f577F1B4359224155f5Db39CA084 |
Exchanges Handling JOCX
FAQ
Q: What's the difference between JOC Coin and JOCX?
A: JOC Coin is the native token used on Japan Open Chain, while JOCX is an ERC-20 token that allows JOC Coin to be used on other blockchains like Ethereum.
Q: How do I exchange JOC Coin and JOCX?
A: You can easily convert between JOC Coin and JOCX using this service.