What is Tokocrypto (Coin TKO)? Things You Must Know About TKO Coin

Coin TKO is the name of the coin belonging to the first legally registered cryptocurrency exchange project in Indonesia called Tokocrypto. Besides the leading crypto exchanges today, why don’t we learn more about what Tokocrypto is, what special features this exchange has, as well as what the TKO token is, and whether the TKO coin is different from other coins? Let’s answer these questions through today’s article!

1. WHAT IS TOKOCRYPTO?

Tokocrypto is the name of the most reliable cryptocurrency exchange in Indonesia. Tokocrypto Exchange is also the first legal entity and organization in Indonesia registered under the Trade and Futures Exchange Ministry (BAPPEBTI) – the Ministry of Trade and Futures Contracts. Whether you are a beginner or an experienced trader, the exchange can meet your needs.

The TKO coin project was officially launched to the market in 2018, but the registration with BAPPEBTI did not occur until the end of 2019. Tokocrypto aims to become Indonesia’s leading crypto exchange with a platform that is easy, simple, fast, and secure for trading. Besides the Tokocrypto exchange, the project also provides trading knowledge as well as news related to the blockchain market through partnerships with Southeast Asian blockchain communities, universities, and organizations in Indonesia.

1.1. TKO Token Development Team

Behind Tokocrypto and the TKO coin is a group of developers with a special passion for cryptocurrency, aiming to leverage the benefits of blockchain technology and help Indonesians gain deeper knowledge about the industry, while integrating this technology into social activities and the global economy.

The founder and CEO of Tokocrypto is Pang Xue Kai – an engineer graduated from the National University of Singapore (NUS). Kai’s career began as a product design engineer for TechnipFMC in 2015, and by 2017 he started developing the idea of Tokocrypto.

The COO of the project is Teguh Kurniawan Harmanda, a master’s degree graduate in Development Studies from Gadjah Mada University (UGM). Before starting as the Business Director of the TKO token project, Teguh began his career as a Market Development Representative for Blaast in 2012 and as the Chief Financial Officer of AMAZARA in 2016.

An indispensable pillar for Tokocrypto Exchange is the Chief Strategy Officer Chung Ying Lai, who graduated with honors in engineering from NUS – the National University of Singapore. Like Pang Xue Kai, Chung Ying Lai also started his career as a product design engineer at TechnipFMC and became Tokocrypto’s Business Development Director in 2018. Since 2020, Chung Ying Lai officially holds the position of Chief Strategy Officer (CSO).

1.2. Outstanding Advantages of Tokocrypto Exchange

The project has declared that Tokocrypto and the TKO coin will bring a technological revolution to the financial market in Indonesia. This is the first company to apply blockchain technology combined with token functions on a single platform. Tokocrypto exchange and the TKO token can be considered to have popularized the concept of decentralized finance (DeFi) more widely to the public in Indonesia.

By promoting new business opportunities and community development, the Tokocrypto platform, powered by blockchain decentralization, allows users to become an indispensable part of the financial market. Over time, the number of functions serving customer groups continues to grow.

2. TOKOVERSE STRATEGY OF TOKOCRYPTO

Tokoverse is an ecosystem built around cryptocurrency, and within the Tokocrypto project, the TKO coin plays the role of a connecting thread, linking different components within the ecosystem. The Tokoverse strategy is a global approach.

However, initially this strategy will focus on the core Indonesian market and then expand globally. Over time, the ecosystem will develop fully, broadening the provision of multi-industry, multinational utilities. With Tokocrypto exchange and the TKO coin, the crypto world will not only see TKO as a basic tool intertwined with the exchange but also as a bridge connecting the ecosystem with other utilities worldwide and expanding even further in the future.

3. TKO TOKOCRYPTO COIN ECOSYSTEM

As mentioned, Tokocrypto is not only building a single feature but delivering an entire ecosystem to the market with the TKO coin as its core. Along with the growth and development of cryptocurrency, the number of traders is also increasing daily, including in Indonesia. The ecosystem components are diverse, ranging from GameFi, DeFi, NFT to support for startups in the blockchain industry.

3.1. TOKOMALL NFT “Market”

Tokocrypto brings many firsts to Indonesia’s cryptocurrency market, including Tokomall. This is the first multi-industry NFT marketplace in Indonesia, acting as a bridge between the real world and the digital NFT Metaverse. In Tokomall, users are free to create NFT artworks and combine them with utilities provided by the TKO coin project through a wide partner network to best suit the real world.

More specifically, besides the option to trade and sell NFT products to convert into cryptocurrency, they can also be exchanged for items, goods, event tickets, etc., offering more choices for users. All transactions within Tokomall are conducted through the TKO coin as the medium of exchange. According to project data, there have been over 10,000 registered accounts, more than 5,000 NFT collections stored, a network of over 40 partners, and total transactions processed exceeding 14,000 USD since launch.

3.2. TOKOSCHOLARS Education Support

In a highly risky market like cryptocurrency, the Tokocrypto exchange project has incorporated a feature called Tokoscholars into the TKO coin ecosystem to help users access academic knowledge about assets so they can reap benefits from the market while minimizing risks for participants.

Tokoscholars, a feature of the TKO Tokocrypto project, has launched several collaboration programs with universities in Indonesia, organizing seminars and talk shows for students. At the same time, it also provides online educational formats suitable for all audiences in the form of a mobile application. Not only limited to crypto knowledge, users can earn TKO coins by completing tasks during the learning process. In the future, Tokocrypto also plans to introduce new approaches through GameFi.

3.3. Update TOKONEWS news

We live in an era of information and communication, where news not only about coins but also about the cryptocurrency and blockchain markets are updated quickly—hourly or even by the minute. To invest and trade effectively, timely updates of such news cannot be overlooked. This is one of the reasons why the TKO coin project has incorporated the TOKONEWS feature into the Tokocrypto ecosystem.

Tokonews operates as a news portal updating the latest information related to blockchain and crypto, not only in Indonesia but also worldwide. Moreover, it also serves as the information gateway for updates on changes, improvements, or new features within the TKO exchange ecosystem.

3.4. Other Features and Upcoming Projects

Besides the features mentioned above, the Tokocrypto ecosystem includes several other features and plans to launch additional projects in the future. Some other features within the TKO coin ecosystem include:

• TokoCrypto Insight: Provides traders with in-depth research and analysis of the cryptocurrency market.

• TokoCrypto Campaign: An information page about ongoing events within the TKO coin ecosystem.

Upcoming projects to be announced in the future:

• TokoCare: In fact, TokoCare has already been active within the Tokocrypto ecosystem in improving welfare for Indonesians. In the future, the project plans to expand this feature by replicating the program internationally and supporting neighboring countries with a charitable fund based on blockchain technology.

 

• TokoLaunchpad: This is a launch program aimed at identifying and supporting the development of potential blockchain startups. TokoLaunchpad, a part of the TKO coin project, acts as a springboard to help businesses looking to start and launch their projects. The program connects and collaborates with venture capital funds, providing startups with a partner network to raise capital.
• T-HUB: Built as a crypto community hub in Bali, T-HUB allows traders and investors to come together to share and gather analytical knowledge and expertise.

4. WHAT IS COIN TKO?

Coin TKO is a token belonging to a dual ecosystem combining CeFi and DeFi, built on the Binance Smart Chain network. It includes financial solutions such as TKO coin Farming Pools and the TokoMall trading platform. The TKO token can be used to receive discounts on trading fees on the TKO exchange, participate in the project’s TKO coin airdrop events, and enjoy other privileges.

Additionally, TKO coin holders can lock or stake their coins to earn rewards from the pools they choose. Governed by smart contracts, the TKO token pools ensure that users can stake safely and easily add more tokens to their stake.

Each quarter, the Tokocrypto project conducts TKO coin burns using revenue based on trading volume on the crypto trading platform, which can reach up to 10% of the total TKO coin supply. By the end of 2021, the project had burned a total of 552,353 TKO tokens, with a value equivalent to over 980,000 USD.

4.1. Basic Information about TKO Coin

Some basic information about TKO coin that you need to know before diving deeper into the coin and project if interested. (Data source: TKO coinmarketcap):

• Symbol: TKO

• Token Standard: BEP20

• Blockchain: BSC (Binance Smart Chain)

• Token Type: Utility

• TKO Coins Contract: 0x9f589e3eabe42ebc94a44727b3f3531c0c877809

• TKO Coin Price Today: $0.3998

• Market Capitalization: $43,689,928.47

• Total Supply: 500,000,000 TKO tokens

• Circulating Supply: 108,500,000 TKO tokens

The TKO coin is listed on most major cryptocurrency exchanges today such as Binance, KuCoin, Gate.io, with popular trading pairs like TKO/USDT, TKO/BUSD, TKO/BTC, etc. Wallets supporting TKO tokens include Metamask, Binance Chain Wallet, and more.

4.2. TKO Token Allocation

The TKO token ICO event was held in April 2021 on Binance Launchpad, bringing the first success to the project with registration numbers exceeding the initial cap, with an estimated value of about 4 billion BNB. The project allocated TKO tokens with the following proportions:

• IEO Public Sale: 10% of total supply, equivalent to 50,000,000 TKO coins.

• Foundation Fund: 25%, equivalent to 125,000,000 TKO tokens.

• Marketing Support: 18%, equivalent to 90,000,000 TKO tokens.

• Partners and Ecosystem: 17%, about 85,000,000 TKO coins.

• Mining rewards for TKO token CeFi cashback: 5%, equivalent to 25,000,000 TKO tokens.

• Airdrop activities: 10%, corresponding to 50,000,000 TKO coins.

• Development team: 15%, equivalent to 75,000,000 TKO coins.

The TKO tokens will be transferred into governance reserves according to a continuous vesting schedule as follows:

5. ASSESSING THE POTENTIAL OF TKO COIN

This project can be considered quite unique in its operational goals and features built within its ecosystem—not only focusing on decentralized finance (DeFi) functionalities but also incorporating features related to the traditional financial market. Alongside evaluating the TKO coin, let’s take a look at the upcoming development roadmap of this project:

At the time of writing this article, it is already Q2 of 2022. The project’s planned schedule for this year includes announcing to the market the upcoming features and projects for the Tokocrypto ecosystem, such as T-Hub, Toko Launchpad, as well as improvements and updates to TokoNews. By the end of 2022, the Tokoverse blockchain ecosystem is expected to be fully completed with all advertised features supported by the TKO token.

6. CONCLUSION 

With the information presented in today’s article “What is TKO Coin,” it is clear to see the uniqueness and distinctiveness not only of the Tokocrypto exchange but also of the entire ecosystem centered around the TKO token. Given the activities the ecosystem has accomplished and the promising development roadmap ahead, the potential of both the project and the TKO token cannot be denied.