Tokocrypto

What is the token?

Toko Token (TKO) is the first Indonesian cryptocurrency project to offer a unique hybrid token model, combining the features of both centralized finance (CeFi) and decentralized finance (DeFi). TKO is designed to be the driving force behind Tokocrypto’s DeFi products, such as Farming Pool and NFT Arcade. Additionally, it leverages BIDR, an Indonesian rupiah-pegged stablecoin, to facilitate Indonesians’ participation in DeFi for greater financial inclusion. Tokocrypto, the platform behind TKO, has seen significant growth in trading volumes and user registrations, aiming to become the leading digital exchange in Indonesia.

Tokenomics

• TKO is a hybrid CeFi and DeFi token.

• It is used for various purposes within the Tokocrypto ecosystem.

• The token allows participation in crypto exchanges, deposit and savings programs, cross-platform DeFi applications, and NFT marketplaces.

• The total supply of the token is 500,000,000 TKO tokens.

• The token has experienced returns since ICO of 4.32x in USD, 3.05x in ETH, and 4.84x in BTC.

Market Data

As of today #{today’s date}, the price of Tokocrypto is ₹27.34 INR or 0.3124 USD, with a 24-hour trading volume of 2530145.18 USD. The market capitalisation for Tokocrypto is 52581644.83USD. The circulating supply is 168881547.14 Tokocrypto, with the total supply also being 496411199.66 Tokocrypto.

Token Pros and Cons

Pros:

• First Indonesian project to offer a hybrid CeFi/DeFi token model, potentially leading the local market.

• TKO supports a range of DeFi products, increasing its utility within the ecosystem.

• It is backed by Tokocrypto, which has a growing user base and trading volume, indicating a strong community and platform.

• Offers a fiat gateway for DeFi projects, simplifying access to crypto-assets.

• Provides various user privileges such as trading fee discounts and airdrop entitlements.

Cons:

• As a relatively new token, TKO may face adoption challenges in the broader crypto market.

• The success of TKO is heavily tied to the Tokocrypto platform, which may be a risk if the platform faces issues.

• Regulatory changes in Indonesia could impact TKO’s operations and value.

• The hybrid CeFi/DeFi model may be complex for new users to understand.

• Market volatility can significantly affect the token’s price and returns.

Why Should You Invest in the coin?

• TKO is pioneering the hybrid token model in Indonesia, potentially capturing a significant market share.

• The token is part of a growing ecosystem with Tokocrypto’s increasing trading volumes and user registrations.

• Offers a range of utilities within the platform, including participation in DeFi and NFTs.

• Supported by Binance, providing a strong backing and credibility to the project.

• Provides financial inclusion for Indonesians through the BIDR stablecoin, which could drive adoption.

USP of the coin

• TKO is the first Indonesian cryptocurrency to offer a hybrid CeFi/DeFi token model.

• It is integrated with a fiat gateway, making it easier for users to access cryptocurrencies and DeFi.

• The token is part of an ecosystem that includes a range of DeFi products and an NFT marketplace, providing a holistic crypto experience.

Problem the coin is solving

TKO aims to solve the problem of financial inclusion in Indonesia by providing a gateway to DeFi and crypto-assets through a hybrid token model. It also addresses the need for a user-friendly platform that bridges the gap between fiat and cryptocurrencies.

Founder and team background

The founding team of Tokocrypto includes Pang Xue Kai as CEO, Teguh Kurniawan Harmanda as COO, Lai Chung Ying as CSO, and Nanda Ivens as CMO. The team has a diverse background in technology and marketing, with Shaun Djie serving as an advisor and director.

ICO Price

• Public Sale Token Price: 1 TKO = $0.10 USD.

• The token sale took place from March 31 to April 7, 2021.

Risks Associated in Investing in the Coin

• Market volatility can lead to significant price fluctuations.

• Regulatory risks, especially in Indonesia, could affect the token’s utility and value.

• Dependence on the success of the Tokocrypto platform, which may not perform as expected.

• The complexity of the hybrid CeFi/DeFi model may deter some investors.

• Competition from other cryptocurrencies and DeFi projects could impact TKO’s market position.

Whitepaper Insights

The whitepaper for Toko Token (TKO) outlines the strategic vision and operational framework for TKO within the Tokocrypto ecosystem, known as Tokoverse. The document, which spans 54 pages, delves into the future projects and initiatives that are part of the Tokoverse, including TokoScholars, TokoLaunchpad, and T-Hub. These projects aim to bridge the gap between Indonesians and the evolving crypto market, fostering inclusivity, innovation, and economic support through Web3 technologies.

The whitepaper emphasizes TKO’s role as a native utility token within the Tokocrypto platform, which operates on a unique hybrid token model that integrates both centralized finance (CeFi) and decentralized finance (DeFi). This model allows TKO to serve multiple functions, such as offering trading fee discounts, airdrop entitlement, merchandise redemption, and incentives for participation in deposit and savings programs. Additionally, TKO is planned to be integrated into third-party DeFi platforms for farming pools, lending, and more.

A significant aspect of the Tokocrypto ecosystem is the NFT Arcade, which positions itself as Indonesia’s premier marketplace for digital collectibles and creative assets from emerging artists. TKO serves as the backbone of this platform, facilitating transactions between creators and audiences.

The whitepaper also details the token economics, including the vesting period, initial distribution terms, and subsequent distribution terms for various stakeholders such as private sale participants, the foundation, product and marketing, partnerships and ecosystem, advisors, mining rewards, community airdrops, and the team.

One of the key strategies for managing the supply of TKO tokens is the quarterly burning of tokens, which is tied to the trading volume generated on Tokocrypto’s crypto-to-crypto platform. This mechanism aims to reduce the total TKO token supply by up to 10%.

The document further highlights the Tokocrypto team’s profiles, including the CEO and co-founder Pang Xue Kai, who has been an advocate for cryptocurrency in Indonesia since 2016. The team’s commitment to leveraging blockchain technology is evident in their efforts to improve quality of life and anticipate and address the adverse effects of the pandemic, as demonstrated by initiatives like TokoCare.

The whitepaper also explores the broader implications of blockchain technology, discussing its potential to address trust deficits in the digital domain, unify various technologies for the development of the Metaverse, and impact industries such as tourism through smart contracts.

In summary, the TKO whitepaper presents a comprehensive blueprint for the future of Tokocrypto’s native utility token, detailing its role in the Tokoverse ecosystem, the tokenomics, and the team’s vision for leveraging blockchain technology to improve lives and foster economic growth.