HashPalette is considering implementing Japan’s first game token IEO for “De:Lithe Φ”, a blockchain game version of its 7.77 million DL RPG game, on Huobi Japan
Promoting global expansion in collaboration with Huobi Group, a top-ranked global crypto asset exchange group with services in 170 countries around the world
HashPalette, Inc. (Head Office: Minato-ku, Tokyo; CEO: Yoshida Yoshihiro; hereinafter “HashPalette”) announced today that it has acquired game tokens for “De:Lithe Φ (De:Lithe Phi),” a Play to Earn (P2E) blockchain game developed by enish Co. (headquartered in Minato-ku, Tokyo; Kohei Yasunori, President); hereinafter referred to as “enish” have reached an agreement to consider implementing an IEO (Initial Exchange Offering)* for the game tokens of “De:Lithe Φ (DeLithe Phi)”, a Play to Earn (P2E) blockchain game developed by enish. This will be the first IEO for game tokens in Japan.
Left: Mr. Lei Guan, President of Fobi Japan, Inc. Center: Mr. Sekihiro Yoshida, President of HashPort and HashPalette, Inc. Right: Kohei Yasunori, President of enish Co.
*IEO (Initial Exchange Offering) is a type of ICO (Initial Coin Offering) in which companies and projects use tokens to raise funds, and crypto asset exchanges take the initiative in screening projects and selling tokens. This is a mechanism that not only raises funds, but also In addition to raising funds, the use of tokens makes it easy to form and strengthen communities.
■Outline and Objectives of this IEO
HashPalette is a P2E-type game title based on “De:Lithe”, a mobile RPG with 7.77 million downloads developed by enish, a company listed on the Tokyo Stock Exchange with an extensive track record in the mobile game industry. The company is working with enish to release “De:Lithe Φ (DeLithe Phi),” a new Play to Earn (P2E) title utilizing the NFT-specific blockchain “Palette” and released its official website (https://delithe-fi.io/) and roadmap on June 3, 2012. We are aiming to implement IEO, the first IEO in Japan for game tokens, for the purpose of distributing proprietary tokens in the game ecosystem for the game release in early 2023.
This IEO will be implemented through Fobi Japan (Huobi Japan), a Huobi Group company that provides crypto asset trading and asset management services to 170 countries around the world, and will be globally deployed together with Huobi Group after the IEO.
Introduction of the game tokens for this IEO
＜Outline of “De:Lithe Φ” >
Title: De:Lithe Φ
Supported Chain: Palette Chain
Compatible devices: Android/iPhone (some browsers recommended)
Official website: https://delithe-fi.io/
＜De:Lithe Φ Token Economics＞
■Comment from Mr. Lei Guan, President of Huobi Japan
We are very pleased to have reached an agreement with HashPalette, the first IEO in Japan, to consider implementing an IEO.
Since Fobi Japan’s recent announcement that it would begin considering a utility token financing support business, we have received inquiries from a number of companies.
Among them, HashPalette’s “De:Lithe Φ”, a blockchain game version of Japan’s leading mobile RPG, is the project we felt was the strongest match for our IEO vision.
Together with HashPalette and enish, our team at Fobi Japan is committed to helping pioneer a new era in the Japanese game industry with “Play to Earn,” the first game token IEO in Japan.
■Comment from Kohei Yasunori, President and Representative Director of enish
Comment from Kohei Yasunori, President and Representative Director of enish
Amidst the rapid expansion and activation of the GameFi market, enish is working with HashPalette to develop “De:Lithe Φ”, a play-to-earn blockchain game utilizing blockchain technology, on consignment.
In the current GameFi market, there are many titles that specialize in investment and lack gameplay. We believe that the significance of participating in the GameFi market as a game development company is to deliver interesting games to users.
De:Lithe Φ” is not only a fun game, but also a game based on the concept of “Play better, Earn more”, aiming to build an economic zone that maintains the value of tokens.
We are very excited to be working with Fobi Japan and HashPalette, the first two companies in Japan to promote IEO for game tokens, as we aim to be one of the first to enter and grow blockchain games.
■Comment from Seihaku Yoshida, CEO of HashPalette, Inc.
We are very pleased to have taken the first step with Fobi Japan and enish regarding the development of the IEO for “De:Lithe Φ” game tokens.
HashPalette will be responsible for the game distribution, token design, and IEO issuer, while enish and Fobi Japan will be responsible for the development and underwriting of the IEO, respectively.
De:Lithe Φ”, the game token IEO, is a blockchain game version of Japan’s leading mobile RPG that has been downloaded a total of 7.77 million times. It is a game that can reach a wide audience that blockchain games have not been able to reach up until now and can be deployed globally.
Fobi Japan, the Japanese subsidiary of Huobi Group, one of the world’s top five crypto asset exchanges with services in 170 countries, is a strong partner that will help us expand our business not only in Japan but also globally.
We hope to develop “De:Lithe Φ” into a blockchain game that can be enjoyed by many users not only in Japan but also around the world, and to create a model case for blockchain games originating from Japan.
Company Name: Huobi Japan, Inc.
Location: 6-2-31 Roppongi, Minato-ku, Tokyo
Representative: Lei Guan, President and Representative Director
Established: September 2016
Business Overview: Crypto asset exchange business and Type 1 Financial Instruments business
Company name: enish Co.
Location: Roppongi Denki Building 4F, 6-1-20 Roppongi, Minato-ku, Tokyo
Representative: Kohei Yasunori, President and Representative Director
Established: February 24, 2009
Business description: Planning, development, and operation of game applications, etc.
Company Name : HashPalette, Inc.
Location : EDGE Shiba 4-chome BLDG, 4-5-10, Shiba, Minato-ku, Tokyo
Representative : CEO Seihaku Yoshida
Establishment : March 2, 2020
Business Overview :
Development of “Palette”, a blockchain network optimized for distribution in NFT, and development, sales, and consulting of NFT-related systems and business. business.
URL : https://hashpalette.com/
Twitter : https://twitter.com/hashpalette
Public Relations – HashPalette, Inc.