- Selling price
- Total sales
- Total issued
- Issuer
- Website
- Whitepaper
- Whitepaper
- Disclosure information
- Information disclosure PDF
- Important notes
- Important notes on the use of IEO
What is ELF Token ?
The “Disclosure Information Regarding the Sale and Service of ELF Tokens” has been revised as of Thursday, February 22nd, 2024 and now includes additional information on the lock-ups.
Please click on the this link for the updated document.
ELF Token is a crypto asset used in THE LAND ELF Crossing (hereafter “THE LAND”), an NFT farming game that will be released by HashPalette Inc. and issued on the PaletteChain. ELF Tokens can be earned by participating in tournaments and other events, or selling items acquired in the game after converting them to NFTs. With ELF Tokens, players can purchase land NFTs called LAND and item NFTs in the game. Staking ELF Tokens (the act of depositing tokens for a certain period of time) within the service provided by HashPalette Inc. unlocks special features that allow players to progress more comfortably through THE LAND.
Staking as a service is not provided by bitFlyer.
HashPalette Inc. will buy back ELF Tokens at irregular intervals, funded by proceeds from in-app purchases.
Lock-ups
Please refer to the table below and the “Disclosure Information Regarding the Sale and Service of ELF Token” revised as of Thursday, February 22nd, 2024 for the ELF Token lock-up schedule.
The term “unlocked” on the White Paper refers to the state in which the Tokens become transferable to someone other than the issuer and does not refer to whether they can be sold on the market.
For other details, please refer to the White Paper provided by the issuer and our “Disclosure Information Regarding the Sale and Service of ELF Tokens”
What is THE LAND ELF Crossing?
THE LAND is an NFT farming game in which players build their own towns, grow crops and earn tokens by trading NFTed crops while increasing the number of crop-producing farms. THE LAND is a full 3D graphic blockchain game, featuring a smooth user experience through the integration of web3 wallets.
“Social” and “creative” are key themes of THE LAND. “Creative” elements include the ability to customize avatars, houses and lands within the game. The range of customizable options is scheduled to expand gradually.
Social elements include the ability to search for friends playing the game via social media (X etc.), communicate in-game via chat, interact in fishing competitions and invite friends to spend time together in each others town.
THE LAND will be available as iOS/Android app in 2024.
THE LAND aims to go beyond the framework of a game to become the “Metaverse with Destination” that connects the world of web3 and real life.
The game content is subject to change or suspension without prior notice. For detailed information, please contact HashPalette Inc.
What is HashPalette ?
HashPalette Inc. was established in 2020 and is a fully owned subsidiary of HashPort Inc., a product developer in the NFT field, which successfully completed Japan's first IEO in 2021. The company is also engaged in a wide range of NFT-related businesses, including the development of the “Palette Chain,” an NFT-specific Layer 1 blockchain, the development of the NFT marketplace “PLT Place,” and the development and operation of blockchain games.
Company name: HashPalette Inc.
Location: Hamamatsu-cho Building, 1-1-1 Shibaura, Minato-ku, Tokyo
Representative: Representative Director & CEO Takayuki Hayashi
Established: March 2nd, 2020
Business outline:
-Development of NFT-specific blockchain infrastructure
-Development of NFT marketplace
-Development of contents (games, etc.) utilizing NFT, etc.
Official website: https://hashpalette.com
More information
| Total issued | |
|---|---|
| Total sales | |
| Receiving method | Automatically granted after drawing |
| Result announcement method | Email and website |
| Selling price | |
| Sales fee (tax included) |
The following points are posted on the Financial Services Agency's website.
The inclusion of virtual currency exchange agencies in this list confirms only that, based on the concerned virtual currency exchange's explanation, the currencies they deal in meet the definition under fund settlement law.
The Financial Services Agency and Treasury do not guarantee or endorse the value of these virtual currencies. Virtual currencies are not necessarily backed by assets.
Please pay attention to the following points when trading in virtual currency.
(Notes concerning the use of virtual currency)
Virtual currencies are not a "legal tender" with values guaranteed by the country, such as the Japanese yen or dollar. They are electronic data exchanged on the Internet.
he price of virtual currency may fluctuate. There is a possibility of losing money as the price of the virtual currency may plummet, suddenly become worthless, and so on.
The virtual currency exchange must register with the Financial Services Agency/Finance Bureau. Please check whether or not the exchange is a registered business owner if using their services.
When trading virtual currency, please seek explanations from the exchange, fully understand the transaction details, and proceed at your own discretion.
Discussions about virtual currencies and fraudulent coins are on the rise. Please be cautious of malicious and fraudulent businesses who are piggybacking on the use of virtual currencies and the development of the virtual currency exchange industry.
Virtual currency exchange registration list（PDF: 62KB）
In some cases, we use the term "Crypto CFD" in the services we operate. This term refers to contracts for difference using the price of crypto assets as a reference index. "Crypto CFD" is different from CFDs on securities, which reference the price of a security or an index related to that price, or CFDs on commodities, which reference the price of a commodity. The term "Exchange" is also not a financial instruments exchange as defined by the Financial Instruments and Exchange Act and other regulations.
Disclaimer (please read carefully):
Crypto assets are not a legal tender.
Crypto assets may be used to settle a payment only in the event that the person receiving the payment agrees.
Buying/selling crypto assets or exchanging them for other crypto assets are transactions which may result in losses incurred from price fluctuations of crypto assets. It is possible that the price of crypto assets declines due to influences from changes in balance of supply and demand, trends on prices of goods, currencies, and other markets, as well as changes in situation related to crypto assets.
Trading with over-the-counter crypto asset derivatives may cause losses, because their trading price may fluctuate in either way due to influence from changes in balance of supply and demand of over-the-counter crypto asset derivatives on our platform as well as indirect influence from price changes of the crypto assets referred by those over-the-counter crypto asset derivatives.
Over-the-counter crypto asset derivative trades are trades in which the notional amount, which is the product of the trading price and the open interest volume, can be larger than the amount of the margin deposit. Therefore, the amount of loss incurred may be larger than the amount of margin deposit if the notional amount fluctuates to a greater extent than the amount of margin deposit to your disadvantage due to changes in balance of supply and demand of over-the-counter crypto asset derivatives or price fluctuations of the crypto assets referred by the derivatives.
The margin deposit size for over-the-counter crypto assets derivatives must be no less than 50% of the notional amount, while the notional amount must be no more than 2 times the margin deposit. (Both for individual customers .) More information can be found on our “What is bitFlyer Crypto CFD?” page.
When making purchases or sales of crypto assets on Buy/Sell, or exchanging them for other crypto assets, customers bear the spread. The spread is the difference between the purchase and selling prices. The fees incurred when buying or selling crypto assets, exchanging them for other crypto assets or over-the-counter crypto asset derivatives as well as the calculation methods for the corresponding fees can be found on our Fees and Taxes page.
Over-the-counter crypto asset derivatives are negotiated transactions between you and bitFlyer, Inc. which is the counterparty for you on those derivatives.
You should thoroughly read and understand all of our documents that require user agreement. Trade at your own risk and judgment.
bitFlyer, Inc.
Director-General of the Kanto Finance Bureau No. 00003
Financial Instruments Business Kanto Local Finance Bureau (FIBO) No. 3294
Member of Japan Virtual and Crypto assets Exchange Association, which is Certified Association for Payment Service Providers as well as Financial Instruments Firms Association