Odaily Planet Daily News The Japan Crypto-Asset Business Association (JCBA) submitted a preliminary proposal for IEO reform to the Japan Crypto-Asset Trading Industry Association, aiming to improve the robustness of raising funds and improve sale restrictions by improving the IEO system.
Specific suggestions include establishing a lock-up system for interested parties, ensuring liquidity, diversifying issuance price calculation methods, and improving stable operations. In the stakeholder lock-up system, IEO project participants (including trading platforms) are required to have a lock-in period of at least three months.