Japanese startup company VALU set new limitation on their service to avoid troubles like those are caused by famous Japanese Youtuber Hikaru, Raphael, Ikkun from Kindan boys and their company’s director Igawa.
VALU offers a service that customers can trade values of person like we can do in stock market. People can publish their own stock named VA like companies at any price if approved by VALU. VA can be resaled and publishers can set shareholder incentives. For example, there is a comic writer who want to write new series but he doesn’t have enough money to do it. He can sell his VA and people can buy it. Some might buy VA for the shareholder incentives like autographed books or for resale of VA with higher price. It’s like cloud funding but the difference between cloud funding and VALU is that VA is resalable and the price of VA always changes depends on the demand.
Famous Japanese Youtuber Hikaru, Raphael, Ikkun from Kindan boys published their VA and bought the their own VA by themselves at a low price firstly. Then they announced that they’s going to give shareholder incentives to people having their VA. The price of their VA rose remarkably after the announcement. But the problem is, they and his company’s director Igawa sold the VA they have after the surge of their VA price. They made a lot of money in VALU.
People blamed his action because it’s like insider transaction. And also VALU is going to make a claim for damages against the Youtuber Hikaru and the company he belongs. People also condemned VALU itself because there is no rule to avoid this kind of action.
A company running VALU announced on August 30 2017 that they changed some rules on VALU. People can sell VA within 10% of total amount of someone’s VA published, buy or sell VA within 10 times a day etc…