JuCoin will initiate an oversubscription premium issuance vote on the JU token Launchpad
If the oversubscription premium issuance model is adopted, it will also help JuCoin raise more funds from the market, driving continuous growth of the platform and expanding services.JuCoin, the world's first service-oriented cryptocurrency exchange, announced that it will initiate a voting initiative on its JU Token Launchpad. In light of the exceptionally strong subscription demand during the Initial Exchange Offering (IEO), and in response to numerous user suggestions through social media, communities, and official emails, JuCoin is considering introducing a premium issuance model for the $JU token.
In this IEO, the number of participants exceeded 24,000, with a subscription amount reaching 168,967,843 USDT, which is 26820.29% of the initial soft cap of 630,000 USDT. This astonishing level of participation fully reflects the strong trust of community members in the $JU token as a core asset of the JuCoin ecosystem.
To ensure the fairness and transparency of the issuance process, JuCoin will launch a vote to decide whether to adopt the premium issuance model. If this model is approved by the Launchpad subscribers, the $JU token will be issued at a price higher than initially set, in response to community demand for the token. This vote will give subscribers a say in the allocation method of the $JU token.
Premium issuance refers to the situation where the sale price of the token during the IEO is higher than its issuance price. This method is typically used when market demand is strong and investors are confident about the project's prospects, reflecting strong market interest. The premium issuance model helps balance supply and demand, ensuring that the market does not face an oversupply situation when token prices are too low.
Under this model, JuCoin aims to maximize value for the community, responding to the demands of numerous users while maintaining a fair and transparent distribution process. Given that the subscription amount far exceeds expectations, JuCoin is committed to finding the most suitable solution to distribute tokens fairly while maintaining a healthy issuance of the tokens. If the premium issuance model is adopted, it will also help JuCoin raise more funds from the market, driving the platform's continuous growth and expansion of services. The voting process will allow subscribers to decide whether they wish to adopt the premium issuance model to better meet market demand.
Voting will take place on the Launchpad page, and all users participating in the IEO can express their preferences through voting on the page. This democratic process ensures that the community has a voice in the allocation of the $JU token, further reinforcing JuCoin's commitment to transparency and user participation. For detailed information about the voting process and more about the premium issuance, please visit JuCoin's social media platforms and Launchpad page.
