Portalkripto.com-Indonesia will soon have a crypto asset called Toko Token (TKO). The TKO made by the Tokocrypto exchange will soon be available for sale.
Tokocrypto CEO Pang Xue Kai said that Tokocrypto had prepared TKO as the first local crypto asset in Indonesia to be built on the Binance Smart Chain. According to him, TKO offers a unique hybrid token model with utility as a token for the exchange platform, NFT Marketplace, CeFi and DeFi.
“TKO is one of a solution to current banking problems, which aims to create a decentralized financial system, namely a transparent peer-to-peer financial system,” said Kai.
Quoted from the Whitepaper Token Shop, Tokocrypto claims that TKO is the first hybrid CeDeFi (TKO) token in Indonesia built on the Binance Smart Chain with the BEP-20 protocol. TKO Tokocrypto combines the two best systems of Centralized Finance (CeFi) and Decentralized Finance (DeFi).
By combining these two financial service systems, Tokocrypto TKO has the opportunity to gain advantages from both of them.
For those who are not familiar, CeFi is a structured financial service so that all orders are controlled by one central exchange without other competing parties.
Meanwhile, DeFi is a system that aims to provide open, license-free, transparent and available financial services without a centralized authority created by the smart contract protocol.
By adopting the DeFi financial system service, TKO may become a crypto asset that can be traded by users who don’t have a bank account in Indonesia. In addition, users will get benefits in the form of a referral program to trading discounts.
While benefiting from CeFi, TKO can be an easy-to-use and more common product. Users will also get advantage from a discount.
For users who save assets to Tokocrypto from other exchanges will get a discount of up to 2% in TKO tokens based on the rupiah value of the assets they deposit.
Tokocrypto as one of the largest exchanges in Indonesia has been registered with the Commodity Futures Trading Supervisory Agency (BAPPEBTI).
This crypto asset trading platform was established at the end of 2018, Tokocrypto collaborated with Binance, the world’s largest crypto asset trader, to upgrade our platform to Tokocrypto v2.0 with the latest security and technology.
This allows users to access their finances in an efficient, transparent and scalable way, of course with industry-level liquidity and security guarantees. Tokocrypto is also a center for education and news on blockchain technology, through close collaboration with the blockchain community, crypto, universities and governments in Indonesia and Southeast Asia.