“Kagawa Five Arrows” issues tokens with FiNANCiE
The next-generation crowdfunding service “FiNANCiE” announced on October 7th that it will issue new tokens for the professional basketball team “Kagawa Five Arrows” and start selling them.
“Kagawa Five Arrows” is a professional basketball club belonging to the B League 2nd Division, which is active in Takamatsu City, Kagawa Prefecture as its hometown. They are aiming to be number one in terms of sales, spectators, and SNS followers in the B League, and this season their goal is to create the first B1 club in Shikoku from Kagawa.
This will be the ninth team to issue tokens with “FiNANCiE” as a club belonging to the B League. “Aomori Watts”, “Iwate Big Bulls”, “Saga Ballooners”, “Kagoshima Revnais”, “Levanga Hokkaido”, “Shinshu Brave Warriors”, “Yokohama B-Corsairs”, and “Sendai 89ERS” are funded by issuing tokens. have been implemented.
This time, “Kagawa Five Arrows” will use the funds collected through token sales to replace the floor of the exclusive practice field and improve the practice environment for the top team under category as the first step towards promotion to B1. .
The tokens issued on FiNANCiE this time will be sold as “Five Arrows Tokens”.
Purchasers of the “Five Arrows Token” will be able to participate in voting projects that are part of team management, invite to participatory events, and apply for special lotteries. Voting is structured so that the number of votes increases according to the number of tokens owned, and the probability of winning the lottery benefit varies depending on the ratio of the number of tokens owned. Limited benefits will also be offered to supporters who hold a certain amount of tokens. Tokens issued by FiNANCiE are neither securities under the Financial Instruments and Exchange Act nor crypto assets (virtual currencies) under the Payment Services Act.
Plans announced so far include “Participation in Kagawa Sports Business Salon BY FIVE ARROWS” and “Participation in Kagawa Revitalization Project”.
The first sales period of “Five Arrows Token” is scheduled from 14:00 on October 7th to 21:00 on November 21st.
There are 5 types of sales menus for “Five Arrows Token”. The published menus range from 10,000pt to 300,000pt, and the tokens and benefits that can be acquired for each are different.
In each menu, “Five Arrows Tokens” are given for the purchase points, and benefits according to the number of tokens owned and the right to participate in the voting and lottery projects mentioned above. And “Initial supporter commemorative collection” that will be NFT will be provided.
The 300,000pt support course offers “commercial broadcasting rights + watching tickets at the home venue”, and the 100,000pt “Kagawa Sports Business Salon by Fivearrows question right” is available as a privilege.
FiNANCiE points (pt) are points that can only be used on the FiNANCiE platform and can be purchased at 1pt = 1 yen.
The editorial department of “Atarashii Economy” received the following comments from Mr. Hideaki Fujita, CEO of Five Arrows Co., Ltd., regarding this initiative.
“From 2026, the new league concept will start, and basketball entertainment will be held all over the country in an arena of 10,000 people. In 2024, we will relocate our home arena to the “Shin-Kagawa Prefectural Gymnasium,” which is scheduled to be completed near Takamatsu Station. The three years leading up to 2024 will be an important period for laying the foundation. In the community created by this token issuance, we would like to enliven Kagawa together with everyone’s wisdom and support. We look forward to your participation.”
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