Information about "Toko Token"
What Exactly is Toko Token (TKO)?
In September 2018, Tokocrypto made its debut and swiftly achieved the status of being the first organization to be registered with Indonesia's Commodities Futures Trading Regulatory Agency (BAPPEBTI) by November that year. TKO, the latest venture from Tokocrypto, stands as Indonesia's premiere cryptocurrency to implement a distinctive hybrid token framework.
This token fulfills multiple functions on the Tokocrypto blockchain platform, allowing users to engage in crypto trading, participate in deposit and savings schemes, access cross-platform DeFi applications, and explore NFT marketplaces. Launched officially in April 2021, Toko Token has garnered interest from both individual and corporate users. The partnership with Binance is a strong pillar for the development of the Tokocrypto platform and supports its future advancements.
This token fulfills multiple functions on the Tokocrypto blockchain platform, allowing users to engage in crypto trading, participate in deposit and savings schemes, access cross-platform DeFi applications, and explore NFT marketplaces. Launched officially in April 2021, Toko Token has garnered interest from both individual and corporate users. The partnership with Binance is a strong pillar for the development of the Tokocrypto platform and supports its future advancements.
Who Founded Toko Token?
Pang Xue Kai is the visionary behind Tokocrypto and serves as its CEO. With a background in engineering from the National University of Singapore, he launched his tech career quickly. He began as a product design engineer with TechnipFMC in 2015 and spent two years there before conceptualizing Tokocrypto in 2017. The company officially started operations in January 2018. Additionally, Kai is a member of the governing council at the Singapore Chamber of Commerce.
Teguh Kurniawan Harmanda operates as Tokocrypto's chief operating officer. He completed his master's in economics of development at Universitas Gadjah Mada (UGM) in 2016. His career began in 2012 at Blaast, where he handled product development and market feedback. In 2016, he became the CFO of AMAZARA, and by 2018, he joined Tokocrypto, leading business development initiatives. Over time, his role expanded to COO.
Chung Ying Lai takes on the role of chief strategy officer at Tokocrypto. Graduating with honors in engineering from the National University of Singapore in 2015, he went on to work with TechnipFMC as a product design engineer. By 2018, he advanced to the role of business development director at Tokocrypto, eventually becoming CSO in 2020.
Teguh Kurniawan Harmanda operates as Tokocrypto's chief operating officer. He completed his master's in economics of development at Universitas Gadjah Mada (UGM) in 2016. His career began in 2012 at Blaast, where he handled product development and market feedback. In 2016, he became the CFO of AMAZARA, and by 2018, he joined Tokocrypto, leading business development initiatives. Over time, his role expanded to COO.
Chung Ying Lai takes on the role of chief strategy officer at Tokocrypto. Graduating with honors in engineering from the National University of Singapore in 2015, he went on to work with TechnipFMC as a product design engineer. By 2018, he advanced to the role of business development director at Tokocrypto, eventually becoming CSO in 2020.
What Distinguishes Toko Token?
Tokocrypto and the Toko Token strive to introduce groundbreaking technology to Indonesia's financial landscape. By being the first to merge blockchain technology with hybrid token capabilities on a single platform, Tokocrypto is paving the way for decentralized finance (DeFi) to be more accessible to the Indonesian populace.
The platform not only fosters new business prospects but also nurtures community expansion, using the decentralization benefits of blockchain to integrate Indonesians into the modern global financial ecosystem. It provides extensive functionalities to serve a rapidly expanding customer base.
The platform not only fosters new business prospects but also nurtures community expansion, using the decentralization benefits of blockchain to integrate Indonesians into the modern global financial ecosystem. It provides extensive functionalities to serve a rapidly expanding customer base.
How Many Toko Token (TKO) Coins Are Currently Available?
The available and maximum supply for Toko Token is set at 500,000,000 TKO tokens. From this total, 20% is allocated to the Tokocrypto Foundation and is distributed semi-annually over a span of five years.
An additional 17% is directed toward marketing and promoting both Toko Token and the Tokocrypto platform. Founding team members receive 15% of the token supply as a reward for their contributions. Partnerships and key ecosystem collaborations receive 17% of the tokens. A portion, 3%, is reserved for mining rewards, and 2% is allocated as rewards for project advisors. Community airdrops account for 10% of the distribution, while 1% is set aside for private sales.
An additional 17% is directed toward marketing and promoting both Toko Token and the Tokocrypto platform. Founding team members receive 15% of the token supply as a reward for their contributions. Partnerships and key ecosystem collaborations receive 17% of the tokens. A portion, 3%, is reserved for mining rewards, and 2% is allocated as rewards for project advisors. Community airdrops account for 10% of the distribution, while 1% is set aside for private sales.
How is the Toko Token Network Protected?
Toko Token functions as a BEP20 coin on the Binance Smart Chain. BEP20 is a token standard that simplifies the deployment of fungible digital assets or tokens on Binance Smart Chain. It also facilitates the integration of major digital assets from other blockchains, which can be represented as pegged BEP20 tokens.
The Binance Smart Chain secures its transactions through a combination of delegated proof-of-stake (dPoS) and proof-of-authority (PoA) consensus methods. Within this structure, selected validators handle transaction validation through a PoA approach, considering their stakes and standing within the community. Users must stake BNB to become validators.
The Binance Smart Chain secures its transactions through a combination of delegated proof-of-stake (dPoS) and proof-of-authority (PoA) consensus methods. Within this structure, selected validators handle transaction validation through a PoA approach, considering their stakes and standing within the community. Users must stake BNB to become validators.
Where Can You Acquire Toko Token (TKO)?
Being a Binance Smart Chain token, the most efficient way to purchase TKO is via the Binance crypto exchange, which boasts the highest TKO/USDT trading volume as of April 2021.
TKO tokens can also be acquired on Gate.io.
For further guidance on buying cryptocurrency, explore more resources.
TKO tokens can also be acquired on Gate.io.
For further guidance on buying cryptocurrency, explore more resources.
