bitFlyer Co., Ltd.
Announcement of start of handling risk (LSK) of ERC-20 standard ……
bitFlyer Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative Director: Yuzo Kano, hereinafter referred to as the “Company”) has announced that its sales office will be able to issue a risk certificate issued under the ERC-20 standard (hereinafter referred to as “LSK”) from Friday, August 9, 2024. ”) has started buying and selling, depositing and sending. The Easy Savings service will start on August 10th (Saturday).
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We will continue to actively increase the number of new crypto assets we handle, providing customers with investment options and
opportunities to participate in web3.
■ Handling start date and time
Purchase, sale, deposit and delivery: August 9th (Friday) around 1:00 p.m. Easy savings settings: August 9th (Friday) around 5:00 p.m.
First savings date for Easy Savings (earliest): August 10th (Saturday) ■ About easy savings
For customers who hold conventional LSK (hereinafter referred to as “old LSK”) in our account and have not suspended their Easy Savings settings, Easy Savings will automatically continue from August 10th (Saturday) onwards. If you wish to stop the service, please change the settings yourself by 10am on Saturday, August 10th.
■ About LSK
・Currency name: Risk
・Ticker symbol: LSK
・Features: Risk is a platform for building decentralized applications (DApps). In May 2024, Risk migrated from its proprietary blockchain network to the Ethereum network. This transition converts Risk into ERC-20 tokens, making them more compatible with the Ethereum ecosystem and enabling faster transaction processing at lower costs. Risk aims to be a more efficient and secure DApp platform.
Source: Onchain Foundation
■ About former LSK holders
Customers who hold old LSK in their accounts as of 5:00 pm on Monday, May 20th will be granted LSK equivalent to their holdings. The timing of granting will be around 1:00 pm on Friday, August 9th, when LSK handling will begin.
■ Regarding the handling of KLY
It is currently undecided whether our company will handle the KLYs that issuers have airdropped to former LSK holders.
■ Notes
LSK is currently issued on the Optimism superchain and Ethereum blockchain by Onchain Foundation, the issuer of LSK, and all previously operating blockchains have ceased to exist. In the event that a situation not currently intended by Onchain Foundation occurs, such as a past blockchain becoming operational, the Company will decide how to handle the assets on the past blockchain. Thank you for your understanding in advance.
To commemorate the start of handling LSK, we will be running the following campaign starting today.
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■ Overview
Applies to customers who have an account with us. During the campaign period, up to 10 people who purchase LSK worth 10,000 yen or more at a sales office will be randomly selected to receive LSK worth 50,000 yen.
*Please note that if the number of winners is less than 10, a re-drawing will not be held.
■ Period
From Friday, August 9, 2024 to Monday, September 9, 2024, 11:59 p.m. (Japan time)
Please check the campaign page below for details.
https://bitflyer.com/ja-jp/cam/lsk-trade-cpn
Please check the following page for an overview of LSK and points to note. https://bitflyer.com/pub/explanatory-summary-of-our-handled-virtual-currency.pdf ■ About bitFlyer Co., Ltd.
Established in 2014 with the mission of “Make the world easier with blockchain,” we operate a global crypto asset trading business together with our sister companies bitFlyer USA, Inc. and bitFlyer EUROPE S.A., gaining the patronage of our customers. Achieved No.1* customer satisfaction. As a crypto asset exchange operator and a Class 1 financial instruments transaction operator, we continue to expand and improve our services and aim to become a highly liquid crypto asset exchange that satisfies as many customers as possible. ・Official website: https://bitflyer.com
* Research summary: November 2022 Market research on crypto asset exchange services
Research institution: Japan Marketing Research Organization
Survey period: November 11, 2022 to November 25, 2022
[Notes (please read carefully)]
・Crypto assets are not legal tender.・Crypto assets can be used for payment of compensation only with the consent of the person receiving compensation.・Buying and selling crypto assets and exchanging them for other crypto assets are transactions that may incur losses due to price fluctuations of the crypto assets. The price of crypto assets may fall due to changes in the supply and demand balance, trends in prices, legal currencies, and other markets, and changes in the circumstances surrounding crypto assets.・Transaction prices for crypto-asset-related over-the-counter derivative transactions fluctuate due to fluctuations in the supply and demand balance of crypto-asset-related over-the-counter derivative transactions at our company, as well as fluctuations in the price of the crypto assets referenced by crypto-asset-related over-the-counter derivative transactions. It also goes up and down due to indirect influences, which can result in losses.・Over-the-counter derivative transactions related to crypto assets are transactions in which the transaction amount, which is the product of the transaction price and the amount of open interest, can be larger than the amount of deposit margin, etc. Therefore, due to fluctuations in the supply and demand balance of crypto asset-related over-the-counter derivative transactions and fluctuations in the price of reference crypto assets, the transaction amount may fluctuate to the disadvantage of the customer by a greater amount than the amount of deposit margin, etc., and the amount of loss incurred by the customer. may exceed the amount of deposit margin.・The amount of deposit margin, etc. when conducting crypto-asset-related over-the-counter derivative transactions is 50% or more of the transaction amount, and the transaction amount is less than twice the amount of deposit margin, etc. (both for individual customers) ). For details on deposit margin etc., please see “What is bitFlyer Crypto CFD?”.
https://lightning.bitflyer.com/about-crypto-cfd?lang=ja
・When buying and selling crypto assets at a sales office or exchanging them for other crypto assets, customers are required to pay a spread, which is the difference between the purchase price and the sale price. The fees, other expenses, calculation methods, etc. to be paid when buying and selling crypto assets, exchanging them with other crypto assets, and using crypto asset-related over-the-counter derivative transactions are as specified in the “List of Fees/Taxes”.
https://bitflyer.com/ja-jp/s/commission・Over-the-counter derivative transactions related to crypto assets are over-the-counter
transactions conducted with our company as the customer’s
counterparty.・Please carefully check the contents of the documents provided before concluding the contract, and conduct transactions based on your own judgment and responsibility.
bitFlyer Co., Ltd. Crypto asset exchanger Kanto Local Finance Bureau No. 00003 Financial instruments business operator Kanto Local Finance Bureau (Kinsho) No. 3294 Affiliated with Certified Fund Settlement Business Association and Financial Instruments Business Association Japan Crypto Asset Business Association General Incorporated Association