After hearing “Japan’s first” and “the world’s first,” don’t rush to assume shareholders have already received BNB.
On the afternoon of November 13, Tokyo-listed ASIAN STAR (code 8946) issued an official announcement: its board decided that day to distribute BNB worth a total of 8 million yen among eligible shareholders in proportion to their shareholdings. The benefit can’t be claimed yet. The record date is December 31 this year. Shareholders must meet a minimum shareholding requirement and apply separately, and must also meet Japanese residency requirements and pass a review of their designated account. The company plans to notify shareholders at the end of January next year, accept applications in mid-February, and distribute the BNB around March after converting the amount. Binance founder CZ reposted the company’s statement in the early hours of the 14th, and also mentioned its plan to tokenize Japanese real estate on BNB Chain. The official announcement states that this distribution does not grant recipients any rights to the related real estate tokens.
Some people are reading this as a traditional company already handing out tokens to shareholders. I’m paying more attention to the timeline: the total amount is fixed, applications and reviews are required, and distribution may not happen until around March next year.
In mid-February next year, let’s see whether the application portal opens on schedule. If the company withdraws the decision, delays the distribution, or makes the eligibility requirements so strict that almost no one can claim the BNB, then this news will remain just a board resolution.
$BNB
#BNB #AsianStar #Cryptocurrency
On the afternoon of November 13, Tokyo-listed ASIAN STAR (code 8946) issued an official announcement: its board decided that day to distribute BNB worth a total of 8 million yen among eligible shareholders in proportion to their shareholdings. The benefit can’t be claimed yet. The record date is December 31 this year. Shareholders must meet a minimum shareholding requirement and apply separately, and must also meet Japanese residency requirements and pass a review of their designated account. The company plans to notify shareholders at the end of January next year, accept applications in mid-February, and distribute the BNB around March after converting the amount. Binance founder CZ reposted the company’s statement in the early hours of the 14th, and also mentioned its plan to tokenize Japanese real estate on BNB Chain. The official announcement states that this distribution does not grant recipients any rights to the related real estate tokens.
Some people are reading this as a traditional company already handing out tokens to shareholders. I’m paying more attention to the timeline: the total amount is fixed, applications and reviews are required, and distribution may not happen until around March next year.
In mid-February next year, let’s see whether the application portal opens on schedule. If the company withdraws the decision, delays the distribution, or makes the eligibility requirements so strict that almost no one can claim the BNB, then this news will remain just a board resolution.
$BNB
#BNB #AsianStar #Cryptocurrency
