Project Overview
The First Japanese Yen Stablecoin in Japan
JPYC (JPYCoin) is the first Japanese Yen Stablecoin in Japan utilizing blockchain technology (ERC20). It runs on the Ethereum mainnet, Polygon, Xdai and can be used to buy and sell goods at 1 JPYC = 1 yen at all times. It can be used as a Japanese Yen denominated coin in your wallet, such as Metamask, or in the secondary distribution market, such as Uniswap.
It’s the only stable coin in japan, which is working in accordance with Payment Act Law in Japan.
Team:JPYC ,Inc
Website:https://jpyc.jp/
Track Record:Over 2 Milion $ worth JPYC has been issued in 9 month since the launch. (2021/09)
Github:jpycoin (JPY Coin) · GitHub
Builders Program Roadmap
Total Estimated Duration: 2~3month
Milestone1
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Estimated End Date: By the end of October (up to development on Shiden side)
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Deploy Bridge of JPYC / Deploy Token JPYC on shiden
Milestone2
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Estimated End Date: By the end of November (up to milestone 1)
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Security Check (Audit)
Milestone3
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Estimated End Date: Early 2022 (up to milestone 2)
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Start service with liquidity mining program
Future plan
We are thinking of expanding both Defi area and Payment area as JPYC is a stable coin that is working in accordance with payment act law in japan
(Defi area)
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Expand JPYC on Multi Chain (Ex.Astar, Avalanche, Solana, etc)
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Start liquidity mining program on DEX on Astar network.
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List JPYC on Major Exchanges.
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Make a partnership with other stable coin company (ex Circle)
(Payment area)
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Expand JPY Payment with an external merchant, making our payment API available to every merchant in Japan.
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Enable JPYC minted from Astar to exchange e-money. (ex. V-Preca gift, which is online money that can use be used at online Visa merchant.)