[ANN] Change in the upper limit for amount of NinjaCoin IEO funding and extensio

Thank you for your purchase of NinjaCoin at the time of listing on Mercatox in November 3. Also we appreciate your support so far.
Today, we decided to change the upper limit for amount of NinjaCoin IEO funding and extend the period for the buyout of NinjaCoin at 1 satoshi.

Following describes the details.

[ Buyout at 1 satoshi ]
To protect the participants, on the consultation with our attorney, we decided to conduct buyout as follows. This buyout will be conducted mainly by an our partner company.

(Fundamental condition)

Upper limit of refund: up to 142,857,143 NC (equivalent to approx. 1.5 BTC)
Exchange rate: Fixed at 1 NC / 1 satoshi
Deadline for application: 21:59 JST in November 11, 2018, Tuesday
Deadline for submission of identification: 21:59 JST in November 11, 2018, Tuesday
Deadline for return of NinjaCoin: 21:59 JST in December 3, 2018, Tuesday
Identification is required (selfie/identification document with photo/address verification document, transaction record that certifies the transfer of the fund to Mercatox, etc.)

* To prevent money laundering. Based on advice from our attorney.

Purchase certification: Required (see the description below)

Application form: https://docs.google.com/forms/d/e/1FAIpQLSeLM0j1zbV4DsS9TJHSdNmjyiK9yyGpBiJlLRg1vHl2kwE9wg/viewform

Destination of application documents: md@samepagenet.com

(Cautions)

You cannot cancel the refund after submitting the application.
Send your selfie, identification document with photo, and address verification document to the email address that is specified in the application form provided by our partner (hereinafter referred to as the "specified address") before 21:59 JST in November 11, 2018, Sunday.
When taking your selfie, hold your identification document with photo that you will send with the selfie beside your face to allow to concurrently check your face and the photo in the identification document.
The address in the identification document and that in the address verification document (such as a copy of a public utility charge receipt) must be identical.
Return the NinjaCoin for which you request refund to the Etherium address the our partner specifies until December 3, 2018. If the NinjaCoin will not be returned until the deadline, the refund application will be cancelled.
Submit a screen shot of the trade record screen of Mercatox that certifies that you purchased the number of NinjaCoin for which you request refund. The number of NinjaCoin is that you actually purchased that is calculated in "the number of NinjaCoin that is purchased in Mercatox minus the number of NinjaCoin that is sold in Mercatox."

Changed points:
[ Before this change ]
Maximum amount of fund to be procured: 115 BTC
Deadline for application for buyout: 21:59 JST in November 6, 2018, Tuesday

[ After this change ]
Maximum amount of fund to be procured for this time: 20 BTC
Excess NinjaCoin (equivalent to 95 BTC that corresponds to the difference between the initially-planned amount of fund to be procured) will be retrieve from the exchange market and locked up until 2019 (transfer will be restricted).
Deadline for application for buyout: 21:59 JST in November 11, 2018, Tuesday

[ Sales period for NinjaCoin equivalent to 20 BTC ]
Until the amount of sold token reaches 20 BTC or the end of November
If NinjaCoin equivalent to 20 BTC will not be sold out even after the end of November, all the NinjaCoin left in the exchange market will be retrieved and locked up until 2019.

* Details of buyout
Refer to the item ④ in the document in the following link:
https://medium.com/@ninjacoin/ninjacoin-mercatox-listing-5fe9ba3104b4

[ Reason of the change ]
Because the amount of fund that has been raised so far does not match our initial expectation, we decided to change the conditions according to the result of discussion in the team members and with external experts.

[ Trade on Doge or ETH basis ]
Because we agree with MERCATOX to trade (list) NinjaCoin in the market in the NinjaCoin/BTC pair, we do not plan to add the pair of NinjaCoin and Doge or ETH. Therefore the minimum trading price will remain at 1 satoshi.

To improve the mobility of NinjaCoin, the excess NinjaCoin (equivalent to 95 BTC) will be locked up until 2019. If any NinjaCoin will be left unsold when the sale period ends, the NinjaCoin will be also locked up.

[ Process flow for changing selling order ]
All the selling orders placed by our external partners will be cancelled at 20:00 JST today and the selling order equivalent to 13.5 BTC will be newly placed. The IEO will end when all the NinjaCoin for the selling order will be sold out or at the end of November.

[ Estimation for selling pressure due to NinjaCoin that is already released and Airdrop]
We planed to release 11.5 billion NinjaCoin for this time. Among NinjaCoin that we have released in the past in such as a private sale, number of the tokens that are not in the lock-up period (the period for which the transfer is restricted) is only 400 million, including those that are owned by the team members and partners .

The tokens are equivalent to 4BTC. Number of tokens distributed in the past Airdrop is really small and it does not have any significant effect on the release of this time.

In addition to that, NinjaCoin distributed in the Airdrop and other campaign that are currently carried on will be distributed in November 15 and after. Therefore it does not generate any selling pressure in the initial stage of the release of this time.

[ Listing in the future ]
We have already been approved for listing on Coin Exchange and STEX (former StocksExchange) and are negotiating with the other exchange markets for further listing. We will examine conditions and situation of markets to determine on which of the markets we will list the token.

Please wait for the announce in the future for the final decision.

We do not plan to release new tokens in those exchange markets.

[ Schedule for announcement in the future ]

First announcement: Around November 9, Friday
Second announcement: Around November 16, Friday
Third announcement: Around November 23, Friday

[ About our project ]
Now the number of new holders has reached approximately 100 and we think that our project has significantly progressed. Only one person has applied to the buyout and most of the participants seem to support us for a long time.

Although the release of NinjaCoin has just started, now we are working to acquire further funding.

Out project has started negotiation with a financial institution for financing and already submitted required documents. In addition to that, coordination for financing from the initial team member is on-going.

We will make every effort to progress our project.

We really hope to have your support for NinjaCoin in the future!

Inquiry regarding this announcement:
Hiroaki Takagi (President of SamePage Ltd. and Representative Director of Hands Free Travel Association)
100-0004, Japan Building 12F, 2-6-2, Otemachi, Chiyoda-cu, Tokyo
TEL: 070–6527–0333
md@samepagenet.com
https://tebura.ninja/ico/?lang=ja

Press kit:
https://samepagenet.box.com/s/ebecf4h6vgfx5gjmwwzbun3u02g4rza3