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Officially launched in September 2018, Tokocrypto was born from a group of crypto enthusiasts with strong confidence in the examples and benefits that blockchain can offer to the public. Established with the aim of becoming Southeast Asia’s leading exchange for digital assets by providing customers with an easy, simple, instant, and secure platform to transact with confidence, Tokocrypto is now well on its way towards achieving its objective.
In the span of 3 years since it came into operations, Tokocrypto has established itself as the top cryptocurrency exchange in Indonesia with 30,000+ weekly active traders, USD59,650,000+ daily trading volume, and 1 million (1,156,000+) downloads of our mobile application since its launch in October 2020. Having clocked in more than USD10 million in annualized profits up till June 2021 by charging only 0.1% trading fees on transactions carried out on its exchange, Tokocrypto’s rise to the top of Indonesia’s crypto-sphere has been nothing short of meteoric.
Tokocrypto: Where Community is King and Trust is Absolute
In many ways, Tokocrypto’s success has been driven by its founding philosophy which is focused on bringing about social impact through the creation of value for the communities in which it operates. A case in point is Tokocrypto’s vision of helping Indonesians gain a broader knowledge of blockchain to facilitate the integration of the technology into the fabric of society and subsequently, the global economy. In this connection, Tokocrypto has devised its Kriptoversity initiative which takes the form of a mobile application through which Indonesians can learn and earn at the same time.
The Kriptoversity application which is available on Google’s Playstore allows users to learn about blockchain in general and cryptocurrencies in particular while being rewarded with Toko Tokens (TKOs) issued by none other than Tokocrypto itself. Staying true to its founding philosophy, Tokocrypto will soon be establishing its T-Hub in the picturesque island of Bali in Indonesia whereby the Hub will serve as a community centre for members of the crypto world to gather, allowing for the sharing of technical knowledge and expertise as well as the championing of new ideas.
Tokocrypto’s community-centric approach has enabled it to earn the trust of its users whereby this has, in turn, enabled us to widen the network of our ecosystem across Indonesia. The roots of this trust can be traced to Tokocrypto’s total regulatory compliance mantra which enabled Tokocrypto to break new ground in Indonesia’s crypto domain in November 2019 when it became the first entity to be registered under the Commodity Futures Trading Regulatory Agency of Indonesia (BAPPEBTI). Building on its regulatory credentials, Tokocrypto had in May 2020 secured the backing of BINANCE which is the world’s largest cryptocurrency exchange by trading volume.
TKO: Taking Tokocrypto to Unprecedented Heights
A year later in April 2021, Tokocrypto achieved yet another milestone when TKO token was launched on Binance’s Launchpad and set a record-breaking 50,000% oversubscription from 201,406 individuals with a total of 10,502,201 Binance Coin (BNB) (approx. USD4 billion in value based on the price of BNB on 7 April 2021) subscribed for the launch. The overwhelming market response was largely due to TKO’s unique hybrid token model which combines the best of centralized finance (CeFi) and decentralized finance (DeFi) thereby allowing TKO holders to leverage the systemic stability of CeFi while harnessing the innovative flexibility of DeFi. This has endowed TKO with the rare ability to meet existing gaps in the market which in turn has imbued the token with much potential for the future resulting in third party crypto market data analyzer platform DigitalCoin projecting that the price of TKO may go up to USD4.77 by 2022.
From a technical analysis perspective, the 30-day simple moving average (SMA) of the price of TKO leading up to 31 August 2021 which stands at USD2.15 illustrates TKO’s huge growth potential in the coming months. In fact, the price of TKO has already built up some momentum in an upward trajectory as evidenced by the fact that its 30-day rate of change (ROC) for the period covering 1–31 August 2021 stands at a highly impressive 64.97. Better still, capitalizing on TKO’s growth potential would not come at the price of undue liquidity risks exposure as TKO’s considerably high trading volume (as illustrated by its average daily trading volume of USD69,422,266 for the month of August 2021) renders the token to have relatively high liquidity levels whereby this, in turn, minimizes the liquidity risks exposure of TKO investors.
In general, the high trading volume of TKO helps distribute the effects of fluctuations in the market thereby rendering TKO to be imbued with the benefits that come with market stability. From a fundamental analysis perspective, in conjunction with the recent launch of TokoMall as the first multi-category NFT marketplace in Indonesia, TKO which serves as the instrument of exchange for TokoMall now has an additional use case. Fundamental analysts would concur that this would further strengthen the foundation of TKO thereby boosting its price even more moving forward.
To top it all off, Tokocrypto will soon be launching its Toko Launchpad comprising of 3 key components which are namely Toko Swap, Toko Incubator and Tokocrypto Sembrani Blockchain Accelerator (TSBA) with the aim of building and expanding Indonesia’s blockchain ecosystem. In terms of their functions, Toko Swap will provide TKO holders with a platform to contribute to liquidity pools in return for transaction fee earnings and flexible interest rates.
As for Toko Incubator, it will be facilitating the implementation of promising blockchain-related conceptual ideas whereas TSBA will be supporting the growth and development of local blockchain startups. In sum, Tokocrypto will be furthering its evolutionary agenda for Indonesia’s blockchain ecosystem with Toko Launchpad which is set to be driven primarily by the features and functions of TKO as a utility token.
Now that Tokocrypto has established itself as the top cryptocurrency exchange in Indonesia, it is all set to soar into the skies to conquer the crypto world with TKO as its wings.
For more information about Toko Token (TKO), please refer to the following:-
Website: https://www.tokoscape.com/
Instagram: https://www.instagram.com/tkotoken/?hl=en
Twitter: https://twitter.com/tkobytokocrypto
Facebook: https://www.facebook.com/TKObyTokocrypto
TokoMall: https://mall.tokoscape.com/
Medium: https://tkobytokocrypto.medium.com/
