Fisco Coin PriceFSCC

What is Fisco Coin (FSCC)?

Fisco Coin (FSCC) is an ERC-20 utility token issued by FISCO Ltd., a publicly listed Japanese company established in 1995 and traded on the JASDAQ exchange under the code 3807. The token was originally issued in 2016 and migrated from the Counterparty protocol to Ethereum's ERC-20 standard in June 2020. FSCC is recognised as one of the few tokens in Japan issued by a listed company and officially permitted for exchange listing by the Financial Services Agency (FSA), appearing on the FSA's Token Whitelist. The project's stated objective is to expand the coin's utility within the real economy by building the "FSCC Economic Zone," a compliant platform designed to support decentralised applications and DeFi services in Japan. The total supply is fixed at 50,000,000 tokens with no additional issuance.

Key Specifications & Tokenomics

• Name: Fisco Coin
• Ticker / Symbol: FSCC
• Issuer: FISCO Ltd. (JASDAQ: 3807)
• Underlying Blockchain: Ethereum
• Token Standard: ERC-20
• Category: Utility Token
• Total Supply: 50,000,000 FSCC
• Max Supply: 50,000,000 FSCC
• Circulating Supply: 50,000,000 FSCC
• Market Cap: Approximately USD 46.5 million
• Fully Diluted Valuation: 1.053M
• Launch Date: August 10, 2020
• Original Issuance: 2016, distributed to FISCO Ltd. shareholders
• Protocol Migration: June 2020, from Counterparty to ERC-20
• Security Audit: CertiK
• Official Website: https://fiscocoin.jp/index_en.html
• FAQ Page: https://fiscocoin.jp/faq_en.html

Who created Fisco Coin?

Fisco Coin is issued by FISCO Ltd., a Japanese financial information services company established on May 15, 1995. The company is led by President and CEO Hitoshi Kano, with Ryuji Yagi serving as Representative Director. FISCO Ltd. operates as a professional group providing investment support services while strengthening blockchain and cryptocurrency projects. The company maintains a capital adequacy ratio of 45% and reports sound financial performance. FSCC itself has already been fully deployed, and there is no separate development team dedicated to the token; ongoing project developments referenced in the white paper have been led by FISCO Ltd. The name FISCO derives from Financial (F), Information Service (IS), and Company (CO), reflecting the company's core business in financial information services.

How does Fisco Coin work?

FSCC operates as a standard ERC-20 token on the Ethereum blockchain. The migration from Counterparty to Ethereum in June 2020 was driven by three factors: token transfer speed, the availability of development infrastructure and third-party wallets around Ethereum, and the development and usage of Counterparty. While Counterparty tokens benefit from Bitcoin blockchain security, Ethereum-based tokens offer significant advantages in user convenience and token handling. FSCC functions as a utility token within the FSCC Economic Zone, used for payments for various services. FISCO Ltd. is developing smart contract-based applications including systems for exercising voting rights in virtual shareholder meetings, shareholder benefits platforms, and FSCC lending applications that would allow holders to lend crypto assets and earn interest. The project emphasises building a fully compliant platform using a securitisation scheme to run multiple DApps with FSCC as the utility token.

What makes Fisco Coin unique and valuable?

FSCC distinguishes itself through several key characteristics. It is one of the few coins in Japan to be issued by a publicly listed company and listed on a crypto asset exchange. The token is officially recognised and regulated by Japan's Financial Services Agency and is included in the FSA's Token Whitelist. This regulatory recognition provides a level of legitimacy and compliance that many other tokens lack. The project's long history since 2016 serves as a foundation of confidence, particularly in response to market concerns about rug pulls and exit scams. FISCO Ltd.'s approach of using a securitisation scheme to realise a fully compliant platform for running multiple DApps represents a pragmatic response to Japan's regulatory environment, where achieving pure DApps and DeFi is difficult. The company aims to increase its corporate value and expand its group business scale by enhancing the value of FSCC.

What is Fisco Coin used for?

FSCC serves as a utility token within the FSCC Economic Zone, with current use cases including payments at FISCO's report product sales site "Club FISCO," the authorised EC site of OWC products "E Frontier Store," and the travel agent site "e-Travel Net." The token has been adopted for software sales, travel services, consulting, food services, and investor information services provided by FISCO Ltd. Beyond payments, FSCC is intended for use in smart contract applications under development, including systems for exercising voting rights in virtual shareholder meetings, shareholder benefits platforms, and lending applications. The project's primary objective is to expand the coin's utility within the real economy and foster decentralised finance in Japan, establishing new financial services that leverage the token's capabilities.

How Is the Fisco Coin ecosystem developing?

The FSCC ecosystem is centred on the FSCC Economic Zone, an initiative aimed at expanding the coin's utility and fostering DeFi in Japan. FISCO Ltd. is creating new businesses that utilise DApps and DeFi concepts to generate FSCC cash flow. The company is developing smart contract-based applications such as virtual shareholder meeting voting systems, shareholder benefits platforms, and FSCC lending applications. The token is associated with Zaif, a major crypto asset exchange in Japan. FSCC trades on multiple venues with various trading pairs including FSCC/USD, FSCC/CAD, FSCC/BTC, and others. The project faces challenges including low awareness overseas, which the team believes can be overcome by continuing to provide information to increase awareness. While a white paper has been provided, not all applications were developed and actual business has not started, though the team hoped to show results in 2021.

How to mine Fisco Coin?

FSCC is not a mineable cryptocurrency. As an ERC-20 token on the Ethereum blockchain, it was issued by FISCO Ltd. with a fixed total supply of 50,000,000 tokens and no additional issuance. There is no mining mechanism or proof-of-work consensus associated with FSCC. The token was originally distributed to FISCO Ltd. shareholders starting in 2016. For those seeking to acquire FSCC, it is available for trading on various cryptocurrency exchanges. The token's value is derived from its utility within the FSCC Economic Zone and its regulatory recognition in Japan rather than from mining rewards or staking mechanisms.

How to keep your Fisco Coin safe?

Since FSCC is an ERC-20 token on the Ethereum blockchain, it can be stored in any wallet that supports the ERC-20 standard, including hardware wallets, software wallets, and exchange wallets. For optimal security, consider using a hardware wallet that keeps private keys offline. Always verify wallet compatibility before transferring tokens. FSCC has been audited by CertiK, providing an additional layer of assurance regarding the smart contract's security. When trading or storing FSCC, use reputable platforms and enable all available security features such as two-factor authentication. Be aware that LBank does not support trading or services for this token, and Fisco Coin is not tradable on Coinbase. As with any cryptocurrency, never share your private keys or seed phrases, and exercise caution when interacting with unfamiliar platforms or contracts.