Ju.com's "Meme IPO Plan Phase 10: SMOKE" Phase 8 has attracted over $435 million in subscriptions and will launch tonight at 8 PM.

Ju.com announced that its "Meme 10th Phase IPO Plan," project SMOKE, closed its subscription period on March 20th at 16:00 and will complete TGE (transaction order placement) at 20:00 on the same day. Data shows that over 42,000 people participated in this phase, with a total subscription amount of approximately $435 million, representing an oversubscription of over 435 times. The platform stated that there is no lock-up period for the subscribed assets after settlement; they are immediately available as spot assets. Users can participate using JU, USDT, BTC, and ETH, with the platform uniformly converting and distributing tokens based on the USDT standard. Furthermore, this round introduced a deflationary issuance mechanism, with unallocated tokens being burned.