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6.0Token Sales and Usage Plan

6.4 Lock-up and Release

Lock-up periods and vesting periods are set for each FPL allocation. During the lock-up period, the sale of FPL will be is restricted, and during the vesting period, FPL is gradually released from the lock-up and can be sold. (These periods are subject to change including re-lock-up depending on market conditions and development progress.)

Allocation Lock-up Period Vesting Period
IEO None None
Ecosystem None None
Team 24 months 36 months
* Partner 24 months 36 months

*For tokens for commission fees for IEO consignment sales operations, Coincheck will voluntarily restrict sales (3 months).

[Allocation Release and Market Volume]
Allocation Release and Market Volume

*This is a forecast value and does not guarantee that this quantity will be distributed on the market.

Additional Issuance

The target for additional issuance is limited to the ecosystem (no additional issuance will be conducted in other categories). An issuance cap is established, and issuance will be carried out as needed; if deemed unnecessary, no issuance will occur. To ensure fairness and eliminate arbitrary issuance or human errors, the decision to issue will be made through a formalized approval process. Additionally, the maximum amount of additional issuance within the ecosystem is set at 25,000,000 coins per year for IEO Phase 1, and 60,000,000 coins annually from IEO Phase 2 to Phase 6. For the 6,165,000,000 coins (61.65%) that may be additionally issued from Phase 7 onward, all will be deemed as additional issuance within the ecosystem. The issuer will determine the appropriate amount of additional issuance based on considerations such as trading volume and market circulation, ensuring that it does not significantly impact the circulation market of FPL.

About the Issuer’s FPL Sale

The FPL held by our company is planned to be sold on the market. The total amount sold on the market is limited as shown in the table below.

Fiscal Year：Sales Limit

March 2026（IEO Phase 1）： ―
March 2027（IEO Phase 2）： 2% of the total circulation
March 2028（IEO Phase 3）： 3% of the total circulation
March 2029（IEO Phase 4）： 4% of the total circulation
After March 2030（IEO Phase 2）： 5% of the total circulation

Percentage of total issued token relative to market circulation at the end of the period

  • Fiscal Year
  • IEO
  • Team
  • Partner
  • Ecosystem
  • Total
  • Uncirculated portion

  • FY2026, ending Mar
    (IEO Phase 1)

    1,000,000,000
    10.00%

    0
    0.00%

    50,000,000
    0.50%

    25,000,000
    0.25%

    1,075,000,000
    10.75%

    8,925,000,000
    89.25%

  • FY2027, ending Mar
    (IEO Phase 2)

    1,000,000,000
    10.00%

    0
    0.00%

    50,000,000
    0.50%

    85,000,000
    0.85%

    1,135,000,000
    11.35%

    8,865,000,000
    88.65%

  • FY2028, ending Mar
    (IEO Phase 3)

    1,000,000,000
    10.00%

    118,333,333
    1.18%

    341,666,667
    3.42%

    145,000,000
    1.45%

    1,605,000,000
    16.05%

    8,395,000,000
    83.95%

  • FY2029, ending Mar
    (IEO Phase 4)

    1,000,000,000
    10.00%

    355,000,000
    3.55%

    925,000,000
    9.25%

    205,000,000
    2.05%

    2,485,000,000
    24.85%

    7,515,000,000
    75.15%

  • FY2030, ending Mar
    (IEO Phase 5)

    1,000,000,000
    10.00%

    591,666,667
    5.92%

    1,508,333,333
    15.08%

    265,000,000
    2.65%

    3,365,000,000
    33.65%

    6,635,000,000
    66.35%

  • FY2031, ending Mar
    (IEO Phase 6)

    1,000,000,000
    10.00%

    710,000,000
    7.10%

    1,800,000,000
    18.00%

    325,000,000
    3.25%

    3,835,000,000
    38.35%

    6,165,000,000
    61.65%