In celebration of the strategic integration between JPYC and the Polygon team, the MATIC Distribution Campaign Begins
JPYC Inc. (Minato-ku, Tokyo; CEO: Noritaka Okabe), a company that handles JPYC, a Japanese Yen-pegged stable coin that is issued as Prepaid Payment Instruments, has agreed to a strategic integration with Polygon Technology (CEO: Jaynti Kanani) to support the expansion of users in Japan.
To celebrate this, we will be conducting a campaign to distribute MATIC tokens, which are required to use Polygon. Since approximately 80% of JPYC users are currently using Polygon, JPYC and Polygon Technology will be conducting a campaign to distribute MATIC tokens, which are used as transaction fees called GAS fees.
The number of MATIC tokens to be distributed will be 10,000 * 0.1 MATIC = 1,000 MATIC.
Period: October 1st to December 28th, 2021 *The campaign may be terminated sooner if the number of participants exceeds 10,000.
Amount: 0.1 MATIC per distribution (limited to once per day during the period)
Conditions: Polygon must be selected at the time of JPYC purchase.
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 700+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
About JPYC Inc.
We issued JPYC, ERC20 prepaid stablecoin, for the first time in Japan in January 2021. To make JPYC available for more people, we are willing to be a partner with friendly business operators such as Sushi Team.
Overview of JPYC Inc.
・Company Name: JPYC Inc.
・CEO: Noritaka Okabe
・Address: 4–8–12 Shibakoen, Minato-Ku, Tokyo 105–0011 Japan
・Establishment Date: November 2019
・Business: Issuing ERC20 prepaid token, Consulting blockchain such as NFT
General Incorporated Association, Blockchain Collaborative Consortium (BCCC)
General Incorporated Association, Japan Payment Service Association, The First-Class Member
The information below is only available for press, so please refrain from sharing it on the private SNS account.
・Contact: JPYC, Inc. Public Relations Department Okabe, Takemori
（Since we recommend the remote work, another person would answer the phone)