About Tokoin ( TOKO )
Tokoin is a platform that establishes the identity of MSMEs as an acceptable reputation in the business ecosystem. 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 offers a reliable solution that can help MSMEs solve the problems they are having .
Solutions :
1. Establishment of Business Profiles :
Tokoin platform gives MSMEs the opportunity to establish a reputation profile that helps them build trust from banks, suppliers, and other service providers. It is a solution that levels up the playing field so that MSMEs can get access to services that were previously unavailable. MSMEs which, for example, struggle to secure loans will now have a solution that allows them to approach banks with confidence. Service providers, in turn, will be given access to the reputation profiles of a diverse network of trusted MSMEs. They will be able to check these MSMEs’ reputation data at the tap of a button to help them make more timely and informed decisions. Additionally, with the revenue generated from data requests going directly to the MSMEs, it will be a win-win solution for both sides.
2. Provision of Access to Funding :
One of the main barriers that most MSMEs face to survive in today’s economy is funding, while it is actually the power source for MSMEs to enable better productivity and answer the call for business expansion. Apparently, there are several terms and conditions set by the banks which MSMEs, in most cases, are not able to fulfill. One of them is credibility. MSMEs with lack of business profiles have been neglected in the emerging markets. To illustrate, start-ups are one of the business sectors that sprout recently in the society, and most of them were established just recently. Thus, they commonly have less than 5 years of operation and experience.
3. Scaling Up through Access to Expansion Opportunities :
Through a blockchain network, information data containing business transactions can be verified in the ecosystem. Tokoin utilizes data recorded in the blockchain network as a valid metric for building a business reputation. In other words, this reputation will be built based on a client’s buying behavior in trading activities, and this information will become an important part of the client’s profile. With this mindset, Tokoin is able to transform an accurate record of data into a valuable asset that MSMEs can use as a leverage to make up for their lack of conditions that can satisfy lending requirements, such as credibility scoring. This will let MSMEs as users get access to the financial services needed to achieve business growth.
Tokoin ecosystem :
Tokoin is a data platform service for small business owners.
Tokoin ecosystem includes large sellers of goods, small businesses selling them to consumers, providing digital identities to sellers and small businesses, receiving transaction data and rewards, Tokoin platform provides data based services, service users pay for Toko Inn and use the service.
You can receive online transaction data, if you are offline it will be a little different, small business owners must record directly in the application to receive rewards.
Banks, financial institutions / small business owners, shipping / consulting companies, advertising, etc., form the relationship of the Tokoin platform. Some data mining tools also perform data validation and compensation.
The relationship between small business owners and sellers and the Tokoin platform is explained above. In this process, Tokoin platform receives data from small business owners and provides TOKO. So how do you get data and use it?
Transaction data may be paid to Tokoin in shipping, storage, insurance, etc. And data can be sold. Depending on the number of transactions made, the warehouse may decide to expand the business or plan to use people or vehicles in transport. And if you are insured, you can decide whether to approve it when you are covered.
Currently, small business owners find it difficult to borrow money. Because many people in Indonesia do not have a personal identity and cannot use a bank. The digital identity we mentioned above is created as above. We will inform you about the transaction details, business performance and reputation of small business owners. If you have this data on the bank, you can borrow it. Tokoin provides this data to the bank by paying TOKO.
In addition, a business model for loan brokers through future community fundraising, a loyalty program that allows TOKO to create and reward companies in the Toko ecosystem, research products and voting (this will be good in marketing purposes), it is said that this will support installment purchases according to the trust of digital identification, the purchase of small business owner groups are bear the burden of mass purchase.
Features & Highlights :
Lending Marketplace: Tokoin can become a matchmaker between MSMEs that need funds and Banks which will give Lending Solutions.
Crowdlending (Debt Crowdfunding): Crowdlending works in almost the same way as Lending Marketplace Solution, except that the source of fund will come from multiple Investors.
Cross-merchant Loyalty Program: An MSME company (as a merchant) can give rewards to other companies (as customers) on Tokoin’s ecosystem in the form of movable digital assets called TOKO Points. TOKO Points can be used to redeem discount vouchers for not only the issuing Merchant but also other Merchants on the ecosystem.
Product Survey/Voting: Brands as Tokoin Partners can conduct product surveys by broadcasting product questionnaires on Tokoin’s ecosystem. The blockchain will ensure the authenticity of each participant to avoid the same participant filling in more than once (double voting) by applying a Unique Private Key for each participant.
Invoice-based Financing: This solution will help MSMEs when experiencing late payments from customers and smoothen their business cash flow. MSMEs can use unpaid invoices as collaterals to get funds. This feature will involve at least three parties: Invoice Issuer (MSMEs that need funds), Invoice Payer (Buyer), and Bank/Creditor.
Installment Buying: This solution facilitates MSMEs who need to buy products/services but have limited funds at that time. Based on a history of trading activities (also recorded on the blockchain) as a basis for evaluating the reputation of MSMEs, Merchants on the ecosystem can provide installments that are more flexible than a one-time payment in advance.
Group Buying: Also known as collective buying, this solution offers products and services at significantly reduced prices by applying quantity discount under the condition that a minimum number of buyers would make the purchase. This only applies to buyers and sellers who have joined Tokoin’s ecosystem.
Token Sale & Economics :
_Project website: https://www.tokoin.io/
_Project whitepaper: https://www.tokoin.io/whitepaper/Whitepaper.pdf?id=05f5c9d62d22ae24ea82
_Token sale start time: 23 Aug 2019
_Ticker: TOKO
_Token type: ERC-20
_Total hard cap: $25,000,000
_Total supply: 2,000,000,000 TOKO
_Initial circulating supply: 1.69 % of total supply
_Public sale token price: 1 TOKO = $0.054
IEO kucoin :
Currently Tokoin is implementing an IEO on the Kucoin exchange. This is the world's top exchange for extremely high volum trading volume. See the details here :
https://www.kucoin.com/news/en-announcement-of-tokoin-toko-token-sale-on-kucoin-spotlight
Roadmap :
Q4 2018
Selling Tokoin Tokens through Private Sales and Pre-Sales
Development & distribution of Tokoin Wallet
Q1 2019
Grand Launching of Tokoin
Selling Tokoin Tokens through crowd sales
Q2 2019
On-board Blockchain Advisor for Tokoin’s ecosystem
Launching of POC on TestNet
Q3 2019
On-board Warehousing Partners for Tokoin’s ecosystem
On-board Financial Partners for Tokoin’s ecosystem
Expansion of local operations to 10 tier-one cities in Indonesia
Q4 2019
Launching of Data Reputation engine
Launching of Data Visualization platform
Launching of Partner Suite platform
On-board 50,000 users on Tokoin’s ecosystem
Q1 2020
Launching of dApps on MainNet
Launching of Tokoin POS system
Launching of Data Exchange platform for Token stacking and loyalty program
Expansion of local operations to all capital cities in Indonesia
On-board 10,000 users in Tokoin’s POS system
Q2 2020
Launching of Tokoin’s POS System
Expansion of pilot hyper-local operations to Thailand
On-board 1000 users on Tokoin’s ecosystem in the regional hyper-local market
Development of AI Solutions for Tokoin to scale up Operations
Q3 2020
Expansion of hyper-local operations to Vietnam and the Philippines
On-board 500,000 users on Tokoin’s ecosystem in the Indonesian market
Expansion of local operations to 10 top tier-one cities in Indonesia
On-board 50,000 users on Tokoin’s ecosystem
Q4 2020
Deployment of AI as part of Business Intelligence Capabilities
Introduction of Forecast & Prediction platform into Tokoin’s ecosystem
Q1 2021
Integration of AI solutions for Financing and Logistics partners
Q2 2021
Expansion of hyper-local operations to other potential emerging markets
On-board 10,000 users on Tokoin’s hyper-local ecosystem
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Conclude :
Project with many famous experts as advisers. Together with a lot of investors, the company has supported. I am sure it will grow further in 2019. And will go beyond the world
For more information :
Website: https://www.tokoin.io/
Telegram Chat: http://t.me/tokoinglobal
Twitter: https://twitter.com/TokoinOfficial
Facebook: https://www.facebook.com/TokoinOfficial
Medium: https://medium.com/@tokoin
Instagram: https://www.instagram.com/tokoinofficial
Reddit: https://www.reddit.com/user/TokoinOfficial
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