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What is the Tokoin?

Tokoin is a platform that establishes digital business identity and reputation of MSME as an acceptable credibility scoring for suppliers and financial institutions. 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.
Face the real market. Tokoin provide a platform to build valuable partnership which will bring you into the engaging ecosystem consists of collectible business profiles profitable for business expansion.

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What are MSMEs?

The full meaning of MSMEs as stated earlier is Miro, Small and Medium Enterprises, which includes traders involved in the small business category. However, the definition of MSME varies from region to region and from country to country. Which means there is no universally accepted definition for it. They are the most common business in many countries, but they have many challenges to deal with and more when compared to businesses, which is why their growth is largely stunted and there are many of them who fail, largely due to their inability to meet financial needs. Most of the time, businesses like these are established by individuals, both young and old. The typical offline retail market in underdeveloped, developing and underdeveloped countries consists mostly of businesses like this. For example, slaughterhouses, fashion designs, local fish processing plants and the like.

Problems Facing SMEs

Every world economy has an inclusion of problems faced by MSMEs, though, this varies with respect to various countries and zones. That is why their rankings are different and proven in different levels of economic growth and development. Identifying these problems is the most important and providing solutions to them is more important. Some of the problems encountered are as follows.

Data Unavailability: Often, those who set up MSMEs do not understand the importance of data, therefore, making good and accurate data records may not make meaning for them. Those who record daily activities may not know how to process it in such a way that it can be used to improve their stance. However, larger companies, with larger data, can use data analyst services, which will process data for any benefit for the business.

Lack of Access to Adequate Funding: For a business to succeed, there must be sufficient funding, otherwise there may be total closure of the business. One way in which businesses are adequately funded, especially for startups is through bank loans or assistance from financial service providers. Most MSMEs do not have access to adequate funding, perhaps because financial service providers or banks cannot entrust them with their money, that is, there is a lack of trust. This happens mainly because MSMEs cannot meet the requirements for such funding, such as lack of collateral, lack of legal documents and lack of long-term credit history. Therefore, most MSMEs complete personal funding or loans from relatives, but when this is not available, it leads to the fold of MSMEs. However, this has led to wide differences or margins between larger businesses and MSMEs, which is why they may not be able to struggle in a competitive market.

Inability to Scale Up In an Emerging Market: The discrepancy between MSMEs and big businesses in the market is too wide, mainly because of the financial inadequacy, has limited MSMEs from being able to grow, produce effectively and measure up to the standards or level at which big establishments are operating. This is a different ball game from the adage that says, "If you cannot beat them, join them." In this case, MSMEscannot join them, because they cannot measure up to their standard financially, let alone beat them. Therefore, this makes them be relegated among others. Their production cost is higher. They purchase raw materials from suppliers at a higher cost, because they cannot buy in large quantity. There is no discount on what is purchased. There is no adequate marketing of their products. MSMEs in most countries are more labour intensive, rather than being capital intensive. Consumers do not trust their products like they trust those produced by the big players in the industry. So, what are we saying- there is no way MSMEs can scale up this way.

Lack of Reputation: Reputation in the lives of humans is very important. A man with no reputation is like a food that has lost its taste and has gone sour, no one will want to eat it. The resultant effect of all that has been listed above is that it leads to loss of reputation for the MSMEs. If this is lacking, how then will they grow? All the players involved cannot trust them. Above all, those who use their products or their end users cannot even trust them. What I am insinuating invariably is that reputation must be revived.

MISSION

THEIR MISSION is to facilitate trustworthy data exchanges in a specified platform so that MSMEs will be able to meet their needs for financing and business services without complicating intermediaries. The more prosperous MSMEs’ economy will lead to the sustainability of a country’s economy.

TOKOIN ECOSYSTEM

These are the users involved in the business activity of Tokoin. MSME as the data provider, submit their transaction data activity through Tokoin dApp. Tokoin process and validate the data into valuable asset. Partners can acquire the data by staking TOKO tokens.



Tokoin ecosystem consists of an order of arrangement to convey the experience of distributing values from one participants to another. Each participant holds a determining role in order to keep the ecosystem fruitful to every business involved. The interaction between Tokoin user and partners is enabled by the blockchain technology to ensure every participant with security to every transaction and a more trustworthy relationship, resulting to valuable partnership between every partakers. In the business activity of Tokoin. MSME as the data provider, submit their transaction data activity through Tokoin dApp. Tokoin process and validate the data into valuable asset. Partners can acquire the data by staking Toko tokens.

BASIC INFORMATION ABOUT THE TOKEN

Tokoin’s platform issues TOKO on the blockchain as a means of interaction between participants. TOKO is used as an incentive when a participant in the ecosystem submits transaction data and validates the data. Also, it is a prequisite for using certain services on TOKO’s platform, including the business insights service provided by Tokoin. For service providers, TOKO is used for accessing advertisements and transaction data of MSMEs. With more and more participants using Tokoin’s services, the participants will have to stake and/or use the Tokens to use Tokoin’s platform, and this later raises the price of TOKO.

TOKO is generated by ERC-20 tokens and can be converted onto certain main net protocols if the team decides that it is necessary.This way, TOKO will be converted into new tokens based on the new protocol.

As Utility Tokens, the usage of TOKO Tokens is supposed to be within the ecosystem. MSMEs use TOKO Tokens to build credit scoring that can be used later to access business services. Partners, such as financial institutions, use TOKO Token as a prerequisite for accessing MSMEs’ data and information.
  • Token Name: Tokoin
  • ICO Token Type: ERC-20
  • Token symbol: TOKO
  • Soft hat: $ 8,000,000
  • Hard cap: $ 25,000,000
  • Quantity for sale: 700 million TOKO
  • Country: Indonesia
  • Token symbol: TOKO
  • Soft cap: $ 8,000,000
  • Hard cap: $ 25,000,000
  • Quantity for sale: 700 million TOKO
  • Country: Indonesia

ROADMAP


TEAM
  • Reiner Rahardja: Co-Founder & CEO
  • Welly Salim: CTO
  • Eddy Christian Ng: COO
  • Niko Tanadi: Project Manager
  • Adi Darda Gaudiamo: Head of Creative
  • Ignasius Michael: Generalist Manager
  • Oktafia Putri: Community Manager
  • Mutia Anisa: Graphic Designer
  • Syifa Mutiara Putri: Event Coordinator
  • Stephanus Andreas: Operations Executive

ADVISORS
  • Dahlan Iskan: Advisor
  • Tiago Alves: Advisor
  • Richard Yoon: Advisor
  • HongZhuang Lim: Project Consultant
  • Suyong Park: Project Consultant

SOCIAL NETWORK
More Information
By cotel
ETH : 0x5E088Eb333c0d58A80271B33533a7118EE660089
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