FUKUOKA, Japan–(BUSINESS WIRE)–”News website RELEASE produced by all”, which started in 2014, launched
the RELEASE ICO PROJECT “New Cryptocurrency Release” in May 2018 with
the purpose of combining social media (SNS) and e-commerce (shopping).
The listing of the token on November 20, 2018 at the Russian
cryptocurrency exchange, LATOKEN, has been announced, realizing the
funding that exceeded 1.3 billion yen during the five-stage token sales,
driven by innovative ideas and past achievements.
Next-Generation Social Media Platform Distribution “Valuable information
and trustworthy evaluation reform the future of SNS!”
Smile Holdings Co., Ltd. (Head office: Chuo-ku, Fukuoka city; CEO:
Tatsuo Kanai) established a wholly-owned subsidiary “RELEASE Co., Ltd.”
in New Taipei City, Taiwan, in August 2018. By combining three
technologies, Block Chain + Big Data + AI (Artificial Intelligence), to
improve RELEASE, its social media platform that has already started
offering its services, the company started its platform development in
order to blend social media (SNS) and e-commerce (shopping).
What is RELEASE PROJECT?
Social media RELEASE ( https://release.co.jp/
), which has already been offering its services, aims to be a “social
commerce” platform, a fusion of social media and shopping platforms.
When a user post quality and valuable information and when an evaluator
judges that the information is reliable, a time-limited point (REL
token) is generated and given to the contributor and the evaluator.
RELEASE users can trade their points (REL tokens) with information,
skills, others’ time, goods, etc. within the platform, as well as
exchange them with cryptocurrencies, such as ETH and BTC. We are also
planning to launch a cashless settlement system that allows REL tokens
to be exchanged to other companies’ points through partnership with
major global point companies, starting with those in Japan and Taiwan.
Specifically, we emphasize on agriculture and fishery in our e-commerce
field, where sellers can directly decide the prices of freshly-picked
fresh vegetables and fruits and freshly caught fish and shellfish. By
creating a system of distribution network to promptly provide products
to general users, we aim to bring changes in the logistics of global
agriculture and fishery.
RELEASE ICO PROJECT Whitepaper https://release.co.jp/white-paper/
Currently, Smile Holdings Co., Ltd., a parent company of Taiwan’s
RELEASE Co., Ltd., is also preparing an IPO (initial public offering) on
Mothers (Tokyo Stock Exchange).
RELEASE PROJECT β-version is scheduled to be released in March – April
2019, and at the same time as it is scheduled to be listed on the major
overseas “cryptocurrency exchanges”, in order to expand the project
Currently, there are more than 98,000 users, who gather at AirDrop in
RELEASE PROJECT’s Telegram Community, are waiting for the release of the