With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Tokoin, a platform that establishes digital business identity and reputation of MSME as an acceptable credibility scoring for suppliers and financial institutions has arrived.
"As you have watched the ascent of cryptocurrency in the course of the most recent couple of years, you have likely heard the term “blockchain” in the news and casual conversations. While many associate the blockchain with cryptocurrency only, the technology itself presents numerous advantages and one of a kind moves in the way, even small businesses will work in the precise not so distant future. Let’s take a look at a few of the tech trends harnessing the power of blockchain and how it can affect even SMEs.
The blockchain is basically a way that individuals or organizations can make and check transactions. With this framework, they can likewise implement these transactions without a middle person, making this a truly decentralized financial system. At whatever point a transaction, such as, exchange of cash, property or anything that requires an agreement is made, it is recorded in the general population record."
With that being said, Tokoin provide a platform to build valuable partnership which will bring you into the engaging ecosystem consists of collectible business profiles profitable for business expansion.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is TOKOIN?
As depicted earlier and as indicated on the official website of TOKOIN, Tokoin is a platform that establishes digital business identity and reputation of MSME as an acceptable credibility scoring for suppliers and financial institutions.
In addition, Tokoin is a platform that establishes digital business identity and reputation of MSME as an acceptable credibility scoring for suppliers and financial institutions. Tokoin presents a better and modern business ecosystem that offers valuable partnerships to address inclusive growth. As a platform, Tokoin captures and processes business information from the users as a valuable asset, which, in our ecosystem, translates into a marker for trusted reputation of the MSMEs as our users. This enables them to access previously inaccessible financial business services from providers, which act as our partners. Therefore, Tokoin links the business and financial sectors to launch a scheme of financial inclusion. The partnerships formed in Tokoin will subsequently contribute to the national economic growth.
Tokoin provide a platform to build valuable partnership which will bring you into the engaging ecosystem consists of collectible business profiles profitable for business expansion.
The mission is to facilitate trustworthy data exchanges in a specified platform so that MSMEs will be able to meet their needs for financing and business services without complicating intermediaries. The more prosperous MSMEs’ economy will lead to the sustainability of a country’s economy.
These are the users involved in the business activity of Tokoin. MSME as the data provider, submit their transaction data activity through Tokoin dApp. Tokoin process and validate the data into valuable asset. Partners can acquire the data by staking TOKO tokens.
Tokoin ecosystem consists of an order of arrangement to convey the experience of distributing values from one participants to another. Each participant holds a determining role in order to keep the ecosystem fruitful to every business involved. The interaction between Tokoin user and partners is enabled by the blockchain technology to ensure every participant with security to every transaction and a more trustworthy relationship, resulting to valuable partnership between every partakers. In the business activity of Tokoin. MSME as the data provider, submit their transaction data activity through Tokoin dApp. Tokoin process and validate the data into valuable asset. Partners can acquire the data by staking Toko tokens.
Tokoin will be a matchmaker - connecting MSMEs that need funding with the Bank.
Enables MSMEs to obtain funding from multiple investors.
Cross-merchant Loyalty Program
SMEs can reward their customers (companies) in the form of TOKO points. These points can be exchanged for discount vouchers.
Product Survey / Voting
Tokoin provides services to MSMEs for broadcasting product questionnaires on Tokoin’s ecosystem.
Helping MSMEs to smoothen their business cash flow.
Allows MSMEs who have limited funds to obtain the products/services they need with a history of trading activities.
This solution offers products and services at significantly reduced prices by applying quantity discounts.
WHY YOU SOULD CHOOSE TOKOIN?
With Tokoin, the communication process between enterprises is accelerated. MSME can track all their accounting processes through the digital identities they receive. With Tokoin, which creates a system in which users can be rewarded with credit ratings as a result of their transactions, users provide absolute benefits.
MSME's often cannot open up to global markets. The reason for this is that the price they supply their products is not low enough. With Tokoin, businesses can negotiate with a supply center anywhere in the world and buy goods at a very cheap price. This increases their competitiveness with big brands and helps to develop the economy in the long run.
The problem of many small businesses is that they do not have enough funds. Banks do not give credit to these companies due to lack of digital identities. Through Tokoin, businesses can digitally present all financial book records to banks. As a result of this situation, banks themselves can come to the right enterprises and give loans to low interest rates.
As everyone knows, one of the most important sources in the world today is data science. Due to the insufficient amount of data from the enterprises, there are no suitable solutions for small enterprises. Some businesses carry goods at very high prices, while some transport companies are looking for goods to carry. Tokoin removes all these barriers between the buyer and the seller, allowing people to communicate directly with each other.
About Tokoin Token
Tokoin’s platform issues TOKO on the blockchain as a means of interaction between participants. TOKO is used as an incentive when a participant in the ecosystem submits transaction data and validates the data. Also, it is a prequisite for using certain services on TOKO’s platform, including the business insights service provided by Tokoin. For service providers, TOKO is used for accessing advertisements and transaction data of MSMEs. With more and more participants using Tokoin’s services, the participants will have to stake and/or use the Tokens to use Tokoin’s platform, and this later raises the price of TOKO.
TOKO is generated by ERC-20 tokens and can be converted onto certain main net protocols if the team decides that it is necessary.This way, TOKO will be converted into new tokens based on the new protocol.
As Utility Tokens, the usage of TOKO Tokens is supposed to be within the ecosystem. MSMEs use TOKO Tokens to build credit scoring that can be used later to access business services. Partners, such as financial institutions, use TOKO Token as a prerequisite for accessing MSMEs’ data and information.
Token Name: Tokoin
ICO Token Type: ERC-20
Token symbol: TOKO
Quantity for sale: 700 million TOKO
Token symbol: TOKO
Soft cap: $ 8,000,000
Hard cap: $ 25,000,000
Quantity for sale: 700 million TOKO
Token Allocation and Uses of Funds goes thus:
MEET THE AMAZING TEAM
Reiner Rahardja: Co-Founder & CEO
Welly Salim: CTO
Eddy Christian Ng: COO
Niko Tanadi: Project Manager
Adi Darda Gaudiamo: Head of Creative
Ignasius Michael: Generalist Manager
Oktafia Putri: Community Manager
Mutia Anisa: Graphic Designer
Syifa Mutiara Putri: Event Coordinator
Stephanus Andreas: Operations Executive
Dahlan Iskan: Advisor
Tiago Alves: Advisor
Richard Yoon: Advisor
HongZhuang Lim: Project Consultant
Suyong Park: Project Consultant
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.