What is the brief history of FISCO Coin（FSCC）?

FISCO Coin (FSCC) is one of the best-known and fully regulated ERC-20 tokens in Japan. It has been issued by Japanese company FISCO Ltd., and has been distributed to its shareholders since 2016. The FSCC protocol has changed from Counterparty to Ethereum chain and it has become an ERC-20 token. The current market cap is about USD46.5m. The total supply of token is 50m, and there is no additional issue.

Can you explain more about FISCO Coin Architecture and how interoperable is it with existing blockchain networks?

In June 2020, the FSCC protocol was changed from Counterparty tokens to Ethereum's ERC20-compliant tokens, considering the following 3 factors: the speed of token transfers, the availability of development infrastructure and third-party wallets around Ethereum, and the development and usage of Counterparty. While tokens on Counterparty have robust security because they use the Bitcoin blockchain, tokens on Ethereum offer significant advantages in terms of user convenience and token handling.

Who is the issuer of FISCO Coin（FSCC）？

FSCC issuer, FISCO Ltd. (JASDAQ:3807), is a publicly listed Japanese company. The most recent capital adequacy ratio is 45% and financial performance is well. You could say FSCC is a token firmly backed up by listed company. FISCO Ltd. is a professional group that provides superb investment support services, and strengthening Blockchain and Cryptocurrency's projects. We aim to increase the corporate value of FISCO and expand the scale of our group business by increasing the value of FSCC. As part of this, we are creating new businesses that utilize the concepts of DApps and DeFi to generate FSCC cash flow. There are plans to release a system that will allow those who hold FSCC to lend crypto assets and earn interest.

Every project has some behind the scenes story, So what is the story behind FISCO COIN? Where this name come from? What is "FISCO COIN" mean?

FISCO is, providing service on financial information. FISCO Ltd. is the listed company in Japan and a professional group that provides superb investment support services. F stands for Financial, IS stands for Information Service, and CO stands for company. FISCO Coin, FSCC, is the token issued by FISCO in 2016.

Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?

FSCC was issued in 2016. Long history is the base of the confidence.

What a special for your security? And what make you confident is safe? i think security its important, please tell us about security of FISCO COIN?

FSCC is a general ERC20 token. It was audited by CertiK.

I have tried to find information about your team everywhere but couldn't. Maybe I didn't search properly? Please share with me information about the team.

FSCC itself has already deployed and there is no development team. Developments of projects mentioned in the white paper has been led by FISCO. On FISCO, Japan listed company, please refer to the home page.

What is the strength of FISCO Coin (FSCC)？

FSCC is a token issued by a listed company, and is an exchange token officially permitted to be listed by FSA in Japan. It is included in the Token Whitelist issued by FS

FSCC is very unique, since there are no similar tokens in Japan. We believe that its value will further increase as FSCC's economic zone is expected to expand in the future.

Are there any use case of FSCC?

Currently, FSCC can be used at FISCO's report product sales site “Club FISCO”, as well as an authorized EC site of OWC products “E Frontier Store” and travel agent site “e-Travel Net”. We are also making big efforts to create new businesses based on the DApps and DeFi concepts to make a utility and increase value for FSCC.

As we well know, many countries try to regulate blockchain activities, which has led to many different regulatory frameworks. How does FISCO Coin deal with this situation?

Because of regulatory issues, it's difficult to achieve pure DApps and DeFi in Japan. Using securitization scheme, FISCO is committed to realizing a fully compliant platform to run multiple DApps utilizing FSCC as a utility token.

What are biggest challenges and biggest strength of FISCO COIN to overcome those challenges?

One of the challenges of FSCC is low awareness overseas. We believe FSCC itself has charming points and we can overcome this challenge by continuing providing information so as to increase awareness.

A lot of people will want to know what the strength of #FSCC Network is but I want to know the weaknesses and problems $FSCC Network faces? How do you plan to solve it?

Though we have provided white paper, not all applications were developed and actual business has not started. It's a problem that we can't show the result, but we hope we can show it in 2021.

What is the strategy for project success and expanding the utility of FSCC?

We have several plans to develop smart contract-based service apps to expand the utility of FSCC. In June 2020, the FSCC protocol has been changed from Counterparty to ERC-20, which is used in various projects, so is expected to make things more convenient for users. In July of the same year, FISCO announced that it had begun working to develop an application to exercise voting rights at virtual shareholders meetings using smart contracts, a shareholder incentives application and an FSCC staking application (http://www.fisco.co.jp/uploads/20200805_fisco_pr.pdf). The developments of the first 2 applications have already completed in November. As the number of virtual shareholders' meetings increases, we expect more users to use our voting apps. We are also holding a public offering for business development with a view to further expanding the utility of FSCC.

What was your Motivation to build Your next Project and what is your vision and mission now?

Main goal of this project is establishment and expansion of FSCC ecosystem. FISCO increases corporate value of FISCO through creating new business utilizing concepts of DApps and DeFi and increasing FSCC value. One of the big reasons for the project was that we had already listed FSCC in Japan, where not so many tokens were listed. In the future, we will focus on strengthening the system in which FSCC will be held and used by many people.

Can you tell us what the main role of $FSCC in your ecosystem? what is the utility and use cases of $FSCC token?

Main usage of FSCC has been product purchasing, so far. However, we are developing 3 applications (shareholders benefits, shareholders meeting, and staking), where we expect the FSCC's usage will increase.

Who is your target customers- professional traders or the ones that are just getting started? Who can benefit the most from the tools that you are offering?

Main users who use FSCC as utility token in 2 applications already developed (shareholders meeting and shareholders benefit) are corporates and individuals in Japan. However we are welcoming ideas not only from Japan but also from overseas in the FSCC Start-up contest, which mean we regard non-Japanese users as target customers.

What are some of the major achievements that Your Project has achieved and what milestones are planned ahead in the next 6 months, 1 year and 5 years??

We issued the white paper in July 2020. Now we are developing 3 applications, and plan to start the business related. In the medium term, we want to achieve the decentralized scheme.

Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to your platform and keep them long term.?

We will increase use cases in FSCC as the white paper mentioned. We are now developing 3 applications, and we want to expand business opportunities more.

with Your Project which partners will promote and help Your Project reach and achieve the project's goals?

The development partners are Kushim and CAICA Technologies on developing new projects in the white paper. Kushim will provide development services on a subcontracted basis for a lump-sum fee, while CAICA Technologies will provide technical support.Holding FSCC Start-up Contest may also be a clue to this issue.

What's the focus of the FISCO Coin now? Build and develop products, win customers and users or partnerships?

Currently, we are focus on getting three applications on track. Two of them have been developed and are now in business. All of the three applications, including staking, are expected to start operating in spring of 2021.

As a crypto project, did you have met any difficulty when you start up to become a successful project now?

We haven't faced big difficulties since we launched the white paper last year in 2020. When we face big difficulties, we want to overcome them, cooperating with FSCC community.

COVID 19 has affected the economy a lot, what effect does Covid-19 has on FISCO before now?

In the IR field, there was temporary confusion such as the cancellation of IR briefing sessions and the delay in approval of the release of new reports in the investment information field. However, the market is on an upward trend, and such negative impacts are heading in the direction of being covered.

In the bad situation of the Covid-19 epidemic, every industry was heavily affected. Does it effect on the growth of FISCO project team??

Covid-19 epidemic has been disaster and many industries are being affected. But our projects haven't been affected so much since they were in the premature stage.

Where does the money you are spending on your project come from and what are you spending that money on?

FSCC development is led by FISCO, Japan listed company. We are currently developing applications so as to create new businesses.

I am a FARMER, what are the prospects available for me in FISCO project. What are your most important next priorities? Are the fundamental tools sufficient to achieve these goals?

As mentioned in the white paper, we are planning to provide staking services. We are now developing staking application.

Is there any way that we can stake #FISCO? If not, then are you thinking about it?

We are now developing staking application. We will update the situation.

Having a Mobile App will certainly make it easier for users to access the FISCO Coin. Does FISCO Coin have any plans to release a Mobile App in the future?

Currently, we don't have plans to develop mobile apps. However, I think there is every chance that the needs will become apparent in the process of developing and marketing the three applications that we are currently focusing on, or in the process of launching another product.

Rationale for DApps Ownership by FISCO Subsidiary?

1) If, as implied in the name, DApps were decentralized apps without an administrator, there could be a lack of clarity regarding answers to the following questions.
- Who is the beneficial owner of the business? (not a corporation, individual, association or other corporate entity)
- If DApps recorded profits or losses from business income or payment of remuneration against procurement:
-- To whom would these profits/losses accrue, and who would pay the tax?
-- Would the profits/losses be passed through as distributions to investors?
-- Would any tokens utilized for DApps decision-making have the characteristics of governance tokens?
-- Token holders could incur issues relating to consolidation or taxation if they were deemed to be in control of the token:
-- How can stable business operations be feasible in the absence of a business entity, even if the latter arrangement is legal?
-- Who is liable or accountable for the transaction risk?
2) The kinds of questions outlined above are inevitable, even if the DApps framework is first created in Japan. From the perspective of compliance with tax, accounting and commercial laws, there are many issues that must be resolved in developing fully decentralized apps. This makes immediate implementation problematic. However, while designating FISCO subsidiary FDAP as the business entity might weaken decentralization, it enables many of these issues to be resolved. For these reasons, FDAP will be the owner of DApps.

Do the token holders have right to participate in the governance of the project? On what kind of decisions can they vote on about the project??

Projects are centralized and led by FISCO. But as the white paper mentioned, projects will be decentralized in the latter stage and token holders can execute governance rights.

What is the structure of this project, is it decentralized or a open sourced protocol where everybody can contribute? If so, how does the governance plan on being handled? Is there some risk of centralization in the future?

At the initial stage, this project is led by FISCO. But at the later stage, we plan to shift to the decentralized one, where FSCC can be used as governance token.

Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not, can u tell us, what makes your project different from other projects?

We issued the white paper in July 2020, where we announced the plans on developing 3 applications. Since then, we announced that 2 applications have already developed in the FISCO's press releases in November. We are going to disclose the status of projects going forward.

Has FISCO Coin (FSCC) been listed on other exchanges?

FSCC has listed on Japanese exchange Zaif since 2016, and registered by Japan FSA as a legal crypto asset for handling by virtual currency exchanges in April 2017. Zaif is the FSA-registered cryptocurrency exchange, and equity method affiliate of FISCO. There are limited number of publicly-listed Japanese tokens, and FSCC is one of them. On others, FSCC was listed at Hotbit, Finexbox, Probit, Coinsbit, and Exrates.

Projects that are not traded on major exchanges remain unnoticed. What do you think about listing the token on the leading exchanges?

We also aim to list FSCC on major exchanges. To accomplish this, we recognize that expanding the scope of FSCC utilization and improving liquidity are essential.

What is the plan to ensure sufficient liquidity on exchanges to fill market orders, especially as adoption increases and clients begin multiplying year-over-year for your project??

FISCO has enough FSCC. We don't think there would be a problem in providing liquidity.

What is the plan to ensure sufficient liquidity on exchanges to fill market orders, especially as adoption increases and clients begin multiplying year-over-year for your project?

We will keep trying to earn a high degree of attention to maintain the turnover rate of trading, but we are also aware of the needs of an environment that has arbitrage trading opportunities when FSCC is listed on multiple exchanges.

I view the FISCO website and see FISCO can be connect user with many exchanges to share liquidity. How FISCO can do that?

We really believe that FISCO can contribute connecting with users and exchange. FISCO has a stake in ZAIF, which is the crypto exchange operating in Japan.

Tell us about your plans for 2021, what are you currently working on, and are you going to expand the list of big exchanges?

As mentioned in the white paper, we will focus on the increasing users of FSCC in 2021, following developments of application. On the listing at the exchanges, we want to expand steadily.

In this time, what has been the greatest satisfaction that FISCO Coin has given you? Which milestone has been the most important?

One of the milestones is listing overseas exchanges. Since the end 2020, we are aggressively listing at overseas exchanges. Trading volume of FSCC at overseas exchanges are more than ones at domestic exchange.

Each project has interesting stories before it is created. So can you tell people about the story that gave you the motivation to build and develop a great project like yours??

FISCO's aim is to create new businesses based on the DApps and DeFi concepts while building enterprise value through increased value for FSCC. At the same time, in an era where the utilization of blockchain technology promises to spark a value revolution in finance, through the creation of new norms based on crypto assets and tokens, FISCO aims to contribute to future possibilities based on advanced digital technology while cultivating sound asset markets.

It's a known fact that Blockchain has the potential to disrupt financial services, could you tell us some of the strategies FISCO Coin has put in place in other for it to be at the forefront of this movement?

We have been developing applications of Shareholder meetings, Shareholder benefits, and Staking, which would replace some of the existing financial services/

What is FISCO's strategy and Roadmap? What was the biggest milestone far? What is plan in the next years?

Strategy and roadmap are described in the white paper. Biggest milestone was the contents of the white paper. Top priorities are implementation of its contents.

How does FISCO get profit? What are the features that distinguish FISCO from other similar applications?

FISCO's aim is to create new businesses based on the DApps and DeFi concepts while building enterprise value through increased value for FSCC. Because of regulatory issues, it's difficult to achieve pure DApps and DeFi in Japan. FISCO is committed to realizing a fully compliant platform to run multiple DApps utilizing FSCC as a utility token.

1-Increasing Token price, 2- make Token Valuable, 3-Building Community Trust. From 3 aspects above. I want to ask. Which one the most important for you?? If all above are important for you. Which one that Will you do first??

Though all are important, community is our top priority. We'd like to keep this kind of sharing information.

There are many crypto in the market. How do you plan to compete with them?

We believe FSCC has 3 charming points: 1) A rare crypto asset capable of access to Japan, a market with a tremendous amount of financial assets, 2) Because multiple projects will be undertaken, there is potential for significant growth in cash flows, and the formation of a portfolio will lead to a reduction in risk. 3) Using securitization schemes, realize lawful schemes that would not have been possible to achieve with smart contracts alone in Japan.

Marketing is the nucleus of every project because of which everyone knows the energy that a project can bring when it reaches its set goals. What is the strategy to attract more users and investors to buy FISCO and keep FISCO in the long term?

So as to increase FSCC economic value in the long term, most important point is the proceeding the business mentioned in the white paper. We have already started marketing.

What is FSCC's plan to expand overseas?

Although we focused on spreading the FSCC in Japan so far, we are now approaching not only domestic investors but also overseas investors to promote, and are trying to list FSCC on more overseas crypto exchanges to improve the awareness in the world. FSCC can be a tool connecting overseas investors and individual financial assets in Japan. This listing on exchanges overseas is part of that plan.

What is your plans in place for global expansion, are $FSCC focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships? Can you explain this?

We are focusing on both, market and customers. We are still making efforts to list FSCC on more overseas exchanges, and have announced a public offering of businesses that utilize FSCC.

Do you have any plans to attract non-crypto investors to #your project Because it is the success of a project to get more investors who are still not in the crypto world. What are the plans to increase awareness around your in non-crypto space?

FSCC distribution to FISCO shareholders can be mentioned as one of the measures to raise awareness among stock investors. The introduction of FSCC payment to the restaurant industry and are also holding a FSCC business contest.

Do you have a plan to attract non-crypto investors to FISCO and how? What actions to raise awareness about FISCO in the non-crypto space especially for new users?

Investors who are interested in FISCO, issuer of FSCC, would be interested in FSCC. As shareholder benefits, FISCO is distributing FSCC to its shareholders. FISCO, the corporate, is disclosing information on FSCC, which can be reached to non-crypto users.

What are your plans on GLOBAL adoption? Which country is presently focused on??

We haven't focused specific countries. Though main users of shareholder meeting application and shareholder benefit application would be domestic, there would be more broad users in case of staking application. Start-up contests are open to domestic and overseas. Hope you would contribute to the expansion of FSCC ecosystem using FSCC.

Can you share about the niche market, and target markets and the broader market that FISCO COIN aims to?

Niche market is purchasing products in Japan, target market is penetration as utility token in Japan, and broader market is global expansion.

Crypto people say that the next boom will on NFT after the Defi. Do you agree with this? And what are the plans of Your Project to build on NFT concept/Technology? Any future idea about NFT?

NFT would be interesting area and we are studying about its potential. But at the same time, implementation of the projects included in the white paper is also our important agenda.

What are your plans to have $FISCO token on Coingecko and Coinmarket?

You can find the information on FSCC by Coingecko or Coinmarketcap.

Can you give me reasons why investors should invest in your FSCC? and what benefits would they get from doing so?

Intrinsic value of FSCC will rise through the increasing the usage of FSCC. 3 applications will support FSCC value. Also, FSCC has been regarded as channels to access Japan financial assets.

do you attract investors to be interested in Your project? because some investors only focus on short-term prices rather than long term?

We are confident that many investors will be finally attracted by FSCC if FSCC users increase and economic value of FSCC increase.

What will happen to the FSCC price in the future?

Due to regulatory issues, we cannot give you a price forecast. However, if the number of users gradually increases through a series of measures, a network effect will occur along with it, which is expected to increase the intrinsic value of FSCC. In that case, the development will inevitably be different from the conventional price transition. Investment valuation of crypto assets that didn't generate dividends or interest rates was beyond the reach of conventional securities investment theory represented by dividend discount models and discount cash flow models before. However, interest rates will be paid by FSCC staking once we launch FSCC lending application, and that makes it possible to build a price theory. For details, see "Price Formation Theory for DeFi-Related Crypto Assets Based on the Dividend Discount Model (http://www.fisco.co.jp/uploads/20200814_fisco_pr4.pdf).

I am an investor of $FISCO and I have noticed that it has had an exponential growth in the last days, what are the profits of holding in the long term? I would like to see it listed on more exchanges!

Thanks for investing in FSCC. We hope the economic value of FSCC increase in the longer term as new business mentioned in the white paper starts and more use FSCC as utility token. So as to increase liquidity, we'd like to provide more trading opportunities.

Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest??

We don't plan to burn as of now.

Is there FSCC Community?

FSCC's website and community links can be found here. We also support non-English ones such as Japanese or Korean.
Website: https://fiscocoin.jp/index_en.html
Telegram (English): https://t.me/joinchat/D9tcAkYe0_PsjgdbnURXGQ
Twitter (English): https://twitter.com/CoinFscc

What are your plans to educate and raise awareness and adoption among the community to make more people understand # FISCO Protocol and its technology?

Through press release by listed company FISCO and SNS such as Telegram and Twitter, we'd like to continue FSCC information. This AMA is a part of the plan and we may hold AMAs in the future.

Besides organizing AMAs, what strategy does FISCO COIN have to reach out and exploit new investors?

One of strategies going global is listing at overseas exchanges. Starting from Dec 2020, there are increasing opportunities where FSCC can be traded.

How important is the community to you? and how can we collaborate or help you for the development of the project?

Community is partner so that we will expand FSCC ecosystem. We are holding Start-up contests, and we are happy to see your application. We welcome any ideas expanding FSCC ecosystem.

As a community Member and is a fan of the project, how can I help in Project's Growth? What role does community can play in the FISCO ecosystem?

The awareness of the project is still low. We hope the community members would contribute the penetration of FSCC.

How do you plan to spread awareness about your project in different countries/regions where English is not spoken well? Do you have local communities for them to let them better understand about your project?

FSCC is the project in Japan, has been traded at Zaif Exchange. There are Telegram and Twitter channels in Japanese.
When FSCC was listed at Probit, the exchange in Korea, in Jan 2021, PR news was released in Korean. FSCC Korean telegram was launched. http://www.gukjenews.com/news/articleView.html?idxno=2148375

Africa, Asia have local communities. What are your plans to bring FISCO project to local-communities?

We will enhance the visibility of FSCC through listing the token on overseas crypto exchanges, and we will keep trying to foster businesses in the regions through openly accepting the business plans that utilize FSCC.

Collaboration and partnerships are one of the cornerstones to making DeFi more widespread, Can FISCO share some of the partnerships you have formed with existing blockchain foundations recently?

We haven't formed partnership with existing blockchain foundations yet. We recognize that it is a big task and expect this AMA will lead to the better awareness. Also, we are providing open opportunities in the current Start-up contest.

Stable coins are hottest topic in crypto by many projects, so where does FISCO stand in this, Any plan for FISCO stable coin.

We don't have plans issuing stablecoins.

What oracles will FISCO Coin use to get accurate data? How will FISCO Coin prevent oracles from providing false information?

FSCC doesn't use oracles.

how do you build liquidity for your dex (Trade assets. resources. ... ) . Do i need to do KYC on FISCO's protocol?

We don't plan to have DEX.

The Transctions Speed is an issue for blockchain besides scalability. Does FISCO provide a solution for Transctions Speed?

We haven't provided solution for transactions speed.

I am new in crypto and this is my first time know about Liquidity mining, what is FISCO Coin Liquidity mining? How does this system different from regular mining or cloud mining?

Liquidity mining is not provided. We are developing staking application.

what is the function of FISCO Coin in your project for a decentralized cross-chain DeFi project?

FSCC is Ethereum's ERC20-compliant token. FSCC hasn't supported cross-chain projects as of now.

Prediction markets in traditional equity, gold and cryptocurrencies are in high demand. Do you have plans to build a Dapp for it and how will FISCO Coin produce results in a transparent and scalable way?

Since we haven't planned to create prediction markets. We are happy if you would apply to the Start-up contests.

How did you build an ecosystem of users, partners, and content creators, bringing best-in-class digital services to emerging markets??

We are holding Start-up contests and welcoming ideas. We want to seek better solutions with community based on ideas applied.

There are five common core issues in technology today: scalability, security, interoperability, speed and privacy. How will $FSCC Tackle these problems? How FISCO COIN maintains and controls flexibility, cost and security which three important things on blockchain?

We may not provide enough solutions so far. We are holding Start-up contests and welcoming ideas. We want to seek better solutions with community based on ideas applied.

There are 3 core issues prevalent in crypto and blockchain: Security, Interoperability, and Scalability. so How does Your Project plan to overcome these issues?

On scalability, we are focusing to expand FSCC use cases. FSCC was only used for purchasing products in the past. But once the business mentioned in the white paper realize, FSCC use cases will increase.

I'm a developer, and I'm interested in contributing to your project alongside earning, do you have any Bug Bounty to check for vulnerabilities??

We don't have Bug Bounty. But we are holding Start-up contests. How about participating this contest, and contribute new FSCC projects expanding FSCC ecosystem.

I am a professional vulnerability finder on the web, do you think Your system is secure enough from hackers? Does your project have a program that rewards individual vulnerability detection of the system??

We don't have such programs as of now. We are happy if you apply to the Start-up contests and show us detailed plans.