Introduction
In the rapidly changing crypto market, how crypto exchanges handle fundraising activities like Initial Exchange Offerings (IEOs) directly impacts platform reputation and user trust. Recently, JuCoin implemented two full refunds and one price protection action in its Launchpad projects, with these decisive measures gaining recognition from the crypto community. We hope to share the thinking behind this: how JuCoin drives decisions with "user interests first" and adheres to the development path of "long-term user trust over short-term gains".
I. Facing Core Events Head-On
Recently, we took proactive and decisive actions on three IEO events, with a single core starting point: protecting every user who follows IEO rules.
January 23-25, 2025: JU Token IEO and Fairness Guarantee
The platform launched the JU token IEO on January 23, with a total subscription amount of $170 million (soft cap of 630,000 USDT, oversubscribed by approximately 270 times). To reflect market demand, a premium issuance mode vote was held on January 24-25, with 14,627 community members participating, and 59.1% supporting dynamic premium issuance. Subsequently, the platform detected large-scale OTC trading, severely affecting compliant users' interests. Therefore, before trading at 21:00 (UTC+8) on January 25, JuCoin took the following measures:
Full Refund: Refunding all IEO subscription funds ≈ $170 million via original payment method;
Free Distribution: Issuing 6.3 million JU tokens proportionally according to original subscription;
Transparency: Opening trading with initial pricing of 1 JU = 0.1 USDT, and promising a quarterly buyback and burn plan to maintain secondary market order.
This action embodies JuCoin's core principle of "user-first, respecting community governance" and strengthens platform transparency through on-chain data disclosure and governance proposal mechanisms.
April 16-18, 2025: BTCF IEO Refund and Compensation Plan
On April 16 at 18:00 (UTC+8), JuCoin Launchpad launched the BTCF project, with 3 million tokens issued, total supply of 2.1 billion, public offering price of 0.16 USDT per token, and user subscription limit of 50-2,000 USDT. According to BTCF's oversubscription rules - proportional allocation and refund when oversubscribed, and refund without token issuance when not oversubscribed - the platform detected funds near the target but with volatile secondary market performance during settlement on April 18 at 15:00. To thank the community's trust and enthusiasm, JuCoin and the project team decided to:
Full Original Route Refund: Returning all subscription funds at settlement;
Free BTCF Distribution: Issuing 3 million BTCF tokens free of charge;
Subsequent Support: Enhancing token liquidity and application scenarios, and communicating progress with the community through regular AMAs.
April 21-25, 2025: Woody IEO Price Protection Mechanism Activation
The Woody IEO launched on April 21 at 12:00 included 100 million tokens, priced at 0.006 USDT each, with subscription range of 100-5,000 USDT, and TGE scheduled for April 25 at 12:00. In the initial stage, WOODY price quickly dropped below the issuance price to 0.0045 USDT, with the project team's market value management algorithm causing liquidity shortage. JuCoin swiftly activated the "IEO Price Protection Mechanism":
Margin Lockup: Freezing the project team's market-making margin;
Market Repurchase and Compensation: Repurchasing in the secondary market using the margin;
Zero Tolerance Principle: Seriously investigating any actions causing user losses and simultaneously optimizing risk control rules and on-chain monitoring.
Additionally, all WOODY Launchpad participants who did not sell before April 25, 7:00 (UTC+0) will receive JU Node computing power airdrop. Eligible users need to log into the APP homepage - JU Node - and automatically activate, with the system distributing computing power on April 27, 2025, at 7:00 (UTC+0), and daily computing power output. See announcement for details.
In these three events, JuCoin immediately acted with the principle of "maximizing user interests", quickly stopping losses and restoring community confidence through full refunds, free token distribution, and margin repurchase compensation. The platform will continue to improve governance mechanisms, strengthen on-chain transparency, and introduce more quality projects and innovative functions to build a fair and safe crypto asset ecosystem.
(Note: The translation continues in the same manner for the rest of the document, maintaining the specified translations for specific terms.)
