Dear ATOMARS Community,
We are pleased to announce the listing of the Tokoin (TOKO) on Atomars exchange. Tokoin (TOKO) deposits are effective starting from October 28, 2019, and the following trading pairs will be available: TOKO/BTC and TOKO/USDT.
TOKOIN PROJECT SUMMARY
Tokoin is a blockchain project from Indonesia that is backed by government institutions and organizations. The project provides a platform for MSMEs (Micro, Small, and Medium Enterprises) in developing and emerging countries to run their businesses and create credit scores for loans, insurance, and credit lines to foster a marketplace that facilitates growth.
The Tokoin platform will allow:
MSMEs to build a digital identity that represents a valid reputation.
Use of MSMEs data to create opportunities for funding.
Business partnerships that encourage business growth for MSMEs.
Suppression of barriers against financial inclusion.
The token used in the Tokoin ecosystem is TOKO. MSMEs as data providers submit their transaction data through the Tokoin DApp. Tokoin then processes and validates the data into a valuable asset. This data can be acquired by partners when they stake TOKO tokens. The TOKO token was made available on KuCoin Spotlight on August 23rd.
Tokoin has launched a testnet and has partners supporting the project. Q1 of 2020 will see the launch of its DApps on the mainnet.
The Tokoin team consists of experienced business and technology professionals whose pedigree show what they bring to the table.
TOKOIN (TOKO) FEATURES
Lending Marketplace: Tokoin can be the intermediary between MSMEs looking for funding and banks that provide lending solutions.
Crowdlending (Debt Crowdfunding): Just like the Lending Marketplace solution, CrowdLending works in the same way, except that funds come from multiple investors.
Cross-merchant Loyalty Program: MEME companies (merchants) can reward other companies (customers) on Tokoin’s ecosystem using movable digital assets called TOKO points. Discount vouchers can be redeemed for not only the issuing merchant but other merchants in the ecosystem by using these TOKO Points.
Product Survey/Voting: Token partner brands can carry out surveys on the Tokoin ecosystem by broadcasting product questionnaires. The blockchain authenticates participants by applying a unique private key for each participant to ensure that the same participant doesn’t fill in more than one vote.
Invoice-based Financing: This solution helps MSMEs dealing with issues regarding late payments from customers and helps make business cash flow smoother. MSMEs can access funds by using unpaid invoices as collateral. The three parties involved in this are the issuer of the invoice (MSME in need of funds), the Invoice Payer (Buyer) and the Bank/Creditor.
Installment Buying: Installment buying helps MSMEs buy products/services even though they are limited on funds at that time. Based on a history of activities that have been recorded on the blockchain, the reputation of the MSME is evaluated. Merchants can use this information to provide installments which offer more flexibility compared to one-time advance payments.
Group Buying: This is also called collective buying. It simply offers products and services at greatly reduced prices based on the condition that a minimum number of buys will be made. This is only possible for a seller and buyer who are on the Tokoin ecosystem.