Cosplay Token (COT), a cryptocurrency compatible for use at various Cosplay Token DApps including “Curecos” – an NFT site available for global use – has been listed at Huobi Japan (Operating entity: Huobi Japan Inc., headquartered in Minato-ku, Tokyo) and is available for trading from 2nd September, 2022 (Friday).

・Huobi Japan’s Official Site：https://www.huobi.co.jp/ja-jp/

■Potential of cosplay market & current issues
Cosplay was once regarded as a unique Japanese culture, but with different cosplay events taking place around the world, it is apparent that the cosplay population is surging globally.

Currently, the market scale of the cosplay market is estimated to be 25 to 50 billion USD, and has been increasing annually at a pace of 15% since 2010. Investments in cosplay costumes, cosmetic products and wigs are complemented by admission fees collected via different events, transportation and photography fees, contributing to a massive economy with a size potentially exceeding the estimated scale.

While the global cosplay market is booming, the industry is confronted with its own issues. The biggest issues include the following three problems:

①Problem of monetisation: There are only limited means to earn revenues.
②Problem of ownership of productions: Many cosplay photos are being used by fake accounts without owners’ prior consent.
③Problem of scattering: Cosplay fans scatter around the world and have yet formed a strong community.

Sales derived from photo albums and admission fees collected via photography events constitute cosplayers’ major revenues. Currently there is no fair and legitimate system to evaluate cosplayers’ qualities, resulting in a large pool of candidates with their cosplay talents underappreciated. It is necessary to establish a profitable system in the market through which photographed content can be appreciated without biases, with copyright and revenues being distributed fairly and appropriately.

■How COT can contribute to the context of cosplay
With this listing at crypto-exchange as an opportunity, COT can contribute to the context of cosplay in the following ways:

①Increase motivation for Nagesen tipping
Cryptocurrency COTs can be used for Nagesen and payments for real events and purchases of NFT content. The more COTs donated by fans to their favourite cosplayers, the higher their motivations for Nagesen will become as, for instance, more special NFT content will be distributed to fans as rewards for their donations.

②Increase in revenues by converting content into NFTs
Cosplayers can issue their own unique NFT content to the fans who supported them, in the form of, for example, NFT used as admission tickets to their own limited real events and NFTs with photos proving its genuineness.
In addition, during resales of NFT content, part of the sales is, as a rebate, distributed to the NFT issuers, thus ensuring the cosplayer’s constant right to earn revenue over that specific NFT content.

③Contributions to the cosplay industry are fairly evaluated using blockchain
By utilising blockchain technology, “Curecos” can prevent illegitimate impersonations and allow people who actually contribute to the cosplay industry to be appreciated in a fair way.

The significant characteristic of COT – a cryptocurrency specialising in cosplay – is that it is a token specialising in the cosplay economy.
The cosplay industry is one of the fields with global growth.
Cosplayers can, with their common hobby, can utilise their communication skills to overcome language barriers, or to develop those skills by becoming influencers (KOLs).
It is expected that using COT to join cosplay communities scattering around the world can actually convert this community into a “Cosplay DAO”, thus contributing to the prominent growth in COT.

COT was listed simultaneously at crypto-exchange Zaif and SAKURA Exchange BitCoin in Japan on 14th March, 2022, and is further available for trading from today with its listing at Huobi Japan.

■Details about Commemorative Campaign Celebrating the Start of COT Trading at Huobi Japan
<Campaign Period>
31st August, 2022 (Wednesday) 〜 30th September, 2022 (Friday)

<Campaign Details>
1、Account Opening ＆ Fund Deposit Campaign
Each of the first 1,000 users who opens an account AND deposits more than 2,500 COTs to the account during the campaign period will be presented with COTs equivalent to JPY3,000. (COT’s price is calculated based on the rate at the time of the company’s calculation).

２、Crypto-asset COT Lending Campaign
From 31st August, 2022 (Wednesday), a “Crypto-asset COT Lending Campaign at Rate 200% p.a. Special Application Basis” will be launched.

【Special Application Scheme】
Applicable Token: COT
Rate: 200％ p.a.
Lower Limit for Application: 100 COT
Upper Limit for Application: 20,000 COT

<Schedule Details>
Application Opening Date: 31st August, 2022 (Wednesday)
Lending Period: 10 Days
Redemption Date (Maturity Date): 10th day from the next day of Application Date.
Date of Fund Return to Asset Holder**: Within 5 days from the next day of Redemption Date (Maturity Date)
**Calculation example of Date of Fund Return: If the asset holder applies on 31st August (Wed), the Redemption Date (Maturity Date) will be the 10th day from 1st September, i.e. 10th September (Sun), the Date of Fund Return will be within 5 days from the next day of 10th September.

<Lending Rate>
200% p.a.*
*The lending rate with lending period taken into consideration (Max: about 5.48%). Please refer to the Lending Rate & Lending Fee Example.
Asset-holders may first calculate the Lending Fee they can receive using the Crypto-Asset Lending Calculator before making an application.

３、Twitter Follow & Retweet Campaign
During the campaign from 31st August to 30th September, follow the official Twitter accounts of Huobi Japan (@HuobiJapan) and COT (@curecos), answer the survey, post it and retweet it with the tags ＃HuobiJapan and #CosplayToken. COT will be presented based on the number of retweets.

<How to join>
① Follow the official Twitter accounts of Huobi Japan (@HuobiJapan) and COT (@curecos).
② After answering the survey, retweet the article with the tags ＃HuobiJapan #CosplayToken included.
③ Fill in the form with necessary information (Twitter username, name, mobile phone number, email address, Huobi Japan’s UID***, Consent to Terms of Use)
URL of the form: https://forms.gle/Ybc72GLSMJG5x5sF6
***Input of UID is voluntary.

【Present Details】​
～999 retweets achieved: COTs with a total value equivalent to JPY5,000 × 5 users
1,000 retweets ～ 2,999 retweets achieved: COTs with a total value equivalent to JPY10,000 × 15 users
3,000 retweets ～ achieved: COTs with a total value equivalent to JPY20,000 × 25 users

４、Lucky Roulette Campaign
During the campaign period from 2nd September to 30th September, users can join the luck draw based on their trading amounts at Huobi Japan.
If the cumulative times of lucky draw exceeds 10 times before 29th September, the user can further proceed to a special draw with chances to win luxurious prizes including PS5.
Various prizes have been prepared including popular crypto-assets, NFT (with an expected value equivalent to 30 COT), Amazon gift coupons, luxurious prizes such as PS5 and AirPods.

<Eligibility & Times of Draw>
Regular Lucky Draw（2nd September – 29th September）
JPY10,000 ≤ Same-Day Trading Total Amount ＜ JPY100,000　1 chance
JPY100,000 ≤ Same-Day Trading Total Amount ＜ JPY500,000　2 chances
JPY500,000 ≤ Same-Day Trading Total Amount　5 chances
Special Draw（30th September）
Special Draw with number of cumulative draws exceeding 10 chances　1 extra chance
・No submission of entry is required for joining this campaign.
・The lucky draw chances allotted that day can only be used within the same day.
・Please refer to the Campaign Page for other points to note.

<Time for Distributions of Prizes>
1、Account Opening ＆ Fund Deposit Campaign
The fund will be deposited to each eligible Huobi Japan account within one month after the campaign ends.
２、Crypto-asset COT Lending Campaign
The fund will be deposited to eligible customer’s Huobi Japan account within 5 days from the next day of the Redemption Date (Maturity Date).
３、Twitter Follow & Retweet Campaign
Funds will be deposited to winners’ Huobi Japan accounts within one month after the campaign ends.
４、Lucky Roulette Campaign
Crypto-assets presented will be deposited instantly and can be confirmed within customers’ deposit accounts. For actual items of prizes, they will be sent by post within 14 working days after the campaign ends.

※Points to note
・Customers are asked to read and confirm the Eligibility for Application carefully before making applications for the Crypto-asset COT Lending Campaign.
・Aforementioned dates are all based on Japan Standard Time.
・Same campaigns may be repeated after the aforementioned campaigns have ended.
・Users may participate in multiple campaigns at the same time.
・The Lending Rate of 200% p.a. is only applicable during the campaign period. To confirm the Lending Status, please refer to the company’s app. *The lending rate with lending period taken into consideration is at a maximum of about 5.48%.
・Distributions of prizes are only reflected at customers’ Huobi Japan account. Fund deposits to accounts other than Huobi Japan account are not available.
・Users who cancel their accounts during the processing of prize fund deposits will be excluded from the campaign.
・The right to receive prizes (presents) cannot be cashed in or be transferred to the third party.
・Taxes, public charges and other fees incurred as a result of this service shall be borne by customers themselves. (Please contact the Tax Office for details.)
・This campaign may be delayed, changed or ended without prior notice.
・Subject to the company’s discretion, users deemed to be inappropriate for joining this campaign may be excluded.
・The company cannot answer individual questions on whether a user is eligible for this campaign.
・The company cannot answer individual questions related to the lucky draw.

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