JPYA (JPY Assension) is a Japanese Yen staple coin that utilizes blockchain technology from Japan.
It runs on the IOST mainnet, and is always available at 1JPYA = 1 yen.
・What does JPYA stand for?
This is an abbreviation for JaPanese Yen Ascension.
Ascension is an auspicious word that means to rise, to ascend to heaven.
Issued on 5/13/2021, Ascension Day is a national holiday in many Christian countries.
・What is the legal status of JPYA?
JPYA is a currency-denominated asset that can be purchased and used at any time at a rate of 1 JPYA = 1 yen, and is a home-based prepaid means of payment under the Funds Settlement Law.
It is not a crypto asset.
・Is JPYA a virtual currency (crypto asset)?
JPYA is not a virtual currency (crypto asset).
This is because currency-denominated assets are not considered crypto-assets under Japanese domestic law.
・Can JPYA be refunded directly into Japanese Yen?
JPYA is not refundable.
In the future, we will release services that allow you to use JPYA from our company and our partners.
・Can I exchange JPYA for IOST?
JPYA cannot be converted directly to IOST by us.
Due to prepayment laws, we are not able to do so.
However, we are currently reviewing and adjusting various ecosystems.
・Where can I see the amount of JPYA I have purchased on the purchase page?
The rate displayed on the purchase page is updated approximately every two minutes.
Depending on when the transaction is processed on the IOST blockchain Depending on the timing of the transaction on the IOST blockchain, your purchase may be processed at a different rate than the one you see at the moment you press the “Buy” button.
Please check the “Tx ID” value displayed after the purchase on IOSTABC to see how much you have actually purchased.
・I want to cooperate with JPYA.
Currently, JPYA is looking to promote a user ecosystem in the form of DAO.
If you are interested, please contact us via chat.
・What does JPYC have to do with it?
JPYA is different from JPYC issued by JPYC Corporation.
Company name: Platinum Egg Co.
President and Representative Director: Nariya Takemura
4-9-22 Hongo, Bunkyo-ku, Tokyo
Hongo Fuji Building 2F