TechFlow news: The Japan Cryptoassets Business Association (JCBA) has released a preliminary proposal for IEO reform, aiming to enhance the robustness of fund raising through the IEO system.
Specific recommendations include establishing a lock-up regime for stakeholders, ensuring liquidity, diversifying methods for calculating issuance prices, and improving stable operations. Regarding the stakeholder lock-up system, participants in IEO projects (including exchanges) would be subject to a minimum three-month lock-up period.
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