Tokocrypto

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Discover Tokocrypto's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Tokocrypto?

Tokocrypto (TKO) is a cryptocurrency that operates on the BNB Smart Chain (BEP20) platform. It is the native utility token of Tokocrypto, an Indonesian crypto assets exchange company. TKO aims to bridge the gap between Indonesians and the crypto market, offering a unique hybrid token model that combines decentralized finance (DeFi) and centralized finance (CeFi). The token is designed to support various utilities such as exchange, centralized finance, and decentralized finance, with a focus on financial inclusion and community growth.

How is Tokocrypto used?

Tokocrypto (TKO) is a cryptocurrency that serves multiple purposes within the Tokocrypto ecosystem. It is the native token of the platform and allows users to participate in various activities, including:

  • Trading on exchanges
  • Participating in savings programs
  • Using cross-platform DeFi applications
  • Buying and selling NFTs on the NFT marketplace

TKO is also used for programmatic activities such as Tokolaunchpad, T-hub (an offline community hub), Tokocare, and Tokoscholars. The token is designed to promote financial inclusion and socioeconomic betterment in Indonesia, with plans for global expansion.

How do I store Tokocrypto?

To store Tokocrypto (TKO) tokens, you can follow these steps:

  1. Create a Personal Wallet: You can store your TKO tokens in a personal cryptocurrency wallet. This is a secure way to hold your tokens and maintain control over them. Popular wallet options include MetaMask, Ledger, and Trezor.

  2. Transfer from Exchange: Once you have purchased TKO tokens on an exchange like Binance, you can transfer them to your personal wallet. This ensures that you have direct control over your tokens and can manage them securely.

  3. Use a Hardware Wallet: It is recommended to use a hardware wallet like Ledger or Trezor for added security. These wallets are designed to protect your tokens from unauthorized access and are highly secure.

By following these steps, you can safely store your Tokocrypto (TKO) tokens and manage them effectively.

How to buy Tokocrypto?

To buy Tokocrypto (TKO) tokens, you can follow these steps:

  1. Choose a Centralized Exchange (CEX):

    • Select a reliable and trustworthy crypto exchange that supports Tokocrypto (TKO) purchases, such as Binance.
    • Ensure the exchange has solid security, liquidity, and a competitive fee structure.
  2. Create an Account:

    • Register on the exchange's website or mobile app, providing personal information and identity verification documents.
  3. Fund Your Account:

  • Transfer funds to your exchange account using supported payment methods like bank transfer, credit card, or debit card.
  1. Navigate to the Tokocrypto Market:

    • Search for "Tokocrypto" (TKO) in the exchange's marketplace.
  2. Choose a Transaction Amount:

    • Enter the desired amount of Tokocrypto you wish to purchase.
  3. Confirm Purchase:

  • Preview the transaction details and confirm your purchase by clicking the "Buy TKO" or equivalent button.
  1. Complete Transaction:

    • Your Tokocrypto purchase will be processed and deposited into your exchange wallet within minutes.
  2. Transfer to a Hardware Wallet:

    • For security reasons, it is recommended to transfer your Tokocrypto to a hardware wallet like Ledger or Trezor.

Additionally, you can also buy Tokocrypto through a crypto wallet or a decentralized exchange (DEX) like Uniswap.

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History of Tokocrypto

Tokocrypto, the first local Indonesian cryptocurrency project, was officially launched in September 2018. It became the first entity in Indonesia to be registered under the Commodity Futures Trading Regulatory Agency Indonesia (BAPPEBTI) in November 2019. The project was founded by a group of crypto enthusiasts who aimed to help Indonesians gain a broader knowledge of the industry and integrate blockchain technology into society and the global economy.

Tokocrypto's vision is to be Southeast Asia's leading exchange for digital assets, providing customers with an easy, simple, instant, and secure platform to transact with confidence. The company was initially founded in June 2017 as a cryptocurrency fan group, with strong confidence in the benefits of blockchain technology.

Over the years, Tokocrypto has achieved multiple milestones, including 30,000+ weekly active traders, $25,000,000 USD daily trading volume, 240,000+ downloads since the mobile app launch in October 2020, and a user base of 281,000+ registered users. The company has also fostered a strong community with 200,000 Telegram members and a customer-first approach, offering world-class customer service at the highest integrity and professional standards.

The TKO token, launched on the Binance Launchpad, utilizes the Binance Smart Chain network and offers users various crypto-related activities, including trading on exchanges, participating in savings programs, using cross-platform DeFi applications, and buying and selling NFTs on the NFT marketplace.

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How Tokocrypto works

Tokocrypto (TKO) is a native token of the Tokocrypto blockchain, which is a comprehensive ecosystem that combines both centralized finance (CeFi) and decentralized finance (DeFi) utilities. The token serves multiple purposes within the Tokocrypto platform, including facilitating savings programs, DeFi applications, and NFT marketplaces.

Key Features and Use Cases
  1. Exchange Platform Benefits: TKO token holders enjoy trading fee discounts, airdrop entitlements, merchandise redemption, and other incentives on the Tokocrypto exchange platform.

  2. CeFi Programs: TKO tokens can be used in deposit and savings programs such as TKO Deposit, TKO Savings, and TKO Cashback, offering users mainstream access to financial services.

  3. DeFi Use Cases: TKO tokens are planned to be integrated on third-party DeFi platforms, enabling use cases like farming pools, lending, staking, and more.

  1. NFT Marketplace: TKO tokens are the backbone of the NFT marketplace (TKO NFT Arcade) and serve as the payment gateway between creators and buyers.
Hybrid Token Model

Tokocrypto's unique hybrid token model combines the benefits of both CeFi and DeFi. This allows users to participate in crypto finance actions in a more centralized and user-friendly manner, while also leveraging the decentralized aspects of blockchain technology.

Token Distribution and Governance

The total token supply of TKO is 500,000,000, with various allocations for private sales, Binance Launchpad sales, foundation reserves, product and marketing, partnerships and ecosystem, advisors, mining rewards, community airdrops, and the team. The token governance and use of funds are outlined in the project's whitepaper and documentation.

Founders and Mission

Tokocrypto was founded by Pang Xue Kai, a professional product design engineer, and is led by a team of global industry experts. The project aims to promote socioeconomic betterment and financial inclusion in Indonesia through the use of blockchain-based financial technology, with a focus on expanding globally.

Technical Foundation

The Tokocrypto platform was launched through the Binance Smart Chain, which serves as a significant foundation for the project's development and future growth. This partnership ensures the platform's stability and scalability.

Community and Adoption

Tokocrypto has secured strong support from the community, which promotes the exchange and the internal TKO token on social networks. The project has also partnered with various platforms, such as NOWPayments, to facilitate the acceptance of TKO as a payment method for goods and services.

Overall, Tokocrypto (TKO) is a versatile token that offers a range of utilities and benefits within the Tokocrypto ecosystem, making it an attractive option for users seeking to engage with both CeFi and DeFi services.

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Tokocrypto's strengths

The strengths of the Tokocrypto (TKO) token include:

  • Trading Fee Discounts: TKO token holders can receive up to a 25% discount on trading fees when using the token for payment.
  • Airdrops and Merchandise Redemption: TKO token holders are entitled to airdrops and can redeem merchandise using their tokens.
  • Cross-Platform DeFi Use Cases: TKO tokens are planned to be integrated into third-party DeFi platforms for farming pools, lending, and other use cases.
  • NFT Marketplace: TKO tokens will be the backbone of the NFT marketplace (TKO NFT Arcade) and the payment gateway between creators and buyers.
  • Participation in CeFi Programs: TKO tokens can be used in deposit and savings programs such as TKO Deposit, TKO Savings, and TKO Cashback.
  • Strong Market Presence: Tokocrypto, the platform behind TKO, has a significant market share in Indonesia, with over 3 million registered users and a daily trading volume of over US$10 million.
  • Regulatory Compliance: TKO is listed by the Commodity Futures Trading Regulatory Agency (Bappebti) in Indonesia, ensuring it meets legal requirements.
  • Token Burns: Tokocrypto conducts quarterly TKO burns to preserve token scarcity, which can positively impact the token's value.
  • Diverse Use Cases: TKO tokens have a wide range of use cases, including trading fee discounts, staking rewards, and participation in exclusive events.
  • Growing Ecosystem: The TKO Foundation actively collaborates with Tokocrypto to enhance the utility of TKO tokens, driving the growth of the ecosystem.

Tokocrypto's risks

Tokocrypto (TKO) faces several financial risks that investors should be aware of before investing in the cryptocurrency. These risks include:

  1. Market Volatility: The value of TKO can fluctuate significantly due to market conditions, leading to potential losses for investors.

  2. Financial Distress: Tokocrypto has a high chance of experiencing financial distress in the next few years, which could negatively impact its value and stability.

  3. Negative Returns: The cryptocurrency has generated negative returns for investors over the last 90 days, indicating a downward trend in its value.

  1. Risk of Devaluation: There is an above-average risk of devaluation for Tokocrypto, which could result in significant losses for investors.

  2. Systematic and Unsystematic Risks: Like other cryptocurrencies, Tokocrypto is subject to both systematic (market) and unsystematic (project-specific) risks. While diversification can help mitigate unsystematic risks, systematic risks cannot be eliminated.

  3. Regulatory Risks: Cryptocurrencies like Tokocrypto are often unregulated, which can lead to legal and regulatory issues that impact their value and usability.

  1. Security Risks: Trading and storing cryptocurrencies like Tokocrypto carries the risk of hacking and other security breaches, which can result in the loss of funds.

These financial risks highlight the importance of careful consideration and thorough research before investing in Tokocrypto or any other cryptocurrency.

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Tokocrypto’s team

  • Pang Xue Kai: CEO and Co-Founder of Tokocrypto, a governing council member in the Singapore Chamber of Commerce Indonesia, and a key figure in the development of Indonesia's crypto asset trading regulations.
  • Teguh Kurniawan Harmanda: COO of Tokocrypto, Chairman of the Indonesian Crypto Asset Traders Association (Aspakrindo), and a key figure behind Indonesia's crypto asset trading regulations.
  • Lai Chung Ying: CSO of Tokocrypto, Chairman of the INBLOCKS Conference and the Indonesia Blockchain Week (IBW) Binance Smart Chain Summit, and a key figure in the development of Tokocrypto's creative strategies.
  • Nanda Ivens: CMO of Tokocrypto, with over 25 years of marketing, communication, and advertising experience, as well as 13 years of experience investing and building startups.
  • Shaun Djie: Advisor to Tokocrypto, Co-founder of Digix, and a member of the Technical Committee Board of the IT Standards Committee for Blockchain and Distributed Ledger Technologies, ISO/TC 307.

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