The first Launchpad project of the trading platform JuCoin, which is also its platform coin $JU, has ended its IEO, with a total fundraising amount of 168,967,843.8964668 USDT, about 260 times oversubscription, and 24,354 participants. This large oversubscription caused controversy among the participating community users. After the new issuance ended, JuCoin did not refund the oversubscribed funds, but issued an announcement that it would conduct a community vote, and the oversubscribed funds would be subscribed at a price of 26.8 USDT, instead of the original IEO price of 0.1 USDT.