Tokyo – Today, a new Japanese blockchain technology team, “SakuraTech,” officially unveiled a novel cryptocurrency named “NipponCoin (NPN).” Simultaneously with the announcement, the coin became available on major exchanges and saw its prices soar on the first day.
A representative of SakuraTech stated, “NipponCoin is based on blockchain technology that combines unique Japanese techniques and culture. It adopts the eco-friendly Proof of Stake (PoS) mechanism and also features special functionalities intended to deepen its connection with local Japanese communities.”
Following this revelation, NipponCoin has garnered immense attention from investors and cryptocurrency enthusiasts. Domestic and international exchanges witnessed a surge in trading volume, and by the end of the first day, the price of 1NPN exceeded $200.
Some analysts suggest the possibility of NipponCoin being adopted as Japan’s official digital currency, making its future movements in the market a focal point of attention.