Is investing in TKO on the Tokocrypto exchange promising?

Officially launched in September 2018, Tokocrypto is a licensed and touted virtual currency exchange platform, claimed to be the first managed cryptocurrency trading platform in Indonesia, where traders can legally buy and sell their digital assets. Tokocrypto is registered with the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI) in November 2019.

1. What is Tokocrypto?

Tokocrypto is a cryptocurrency exchange in Indonesia. Established in 2018, Tokocrypto has become the fastest-growing digital asset trading platform in terms of both trading volume and registered users. The platform has introduced a Utility Token called TOKO token, symbolized as TKO.

Tokocrypto provides users with various features from basic to advanced:

- Cryptocurrency trading platform.
- Toko Launchpad: Participate in decentralized services.
- Enhance Cross-chain interaction capabilities.
- TKO NFT Arcade: Investors can use TKO as a payment unit for NFT artworks.

Tip: To learn in-depth about what NFTs are, their prominent features, and whether investing in NFTs carries high risks, readers can refer to some articles available on Mytour.
 

2. Key Features of Tokocrypto

- Seamless user experience: Tokocrypto has introduced Tokocrypto 2.0, an upgraded cryptocurrency trading platform, providing investors with a seamless trading experience, enhanced security, fast transaction speeds, a stable platform, and transparency.
- Strong community: Tokocrypto's community boasts 200K Telegram members. Additionally, Tokocrypto's global TKO Telegram community, launched in March, has over 5 thousand members.
- Reliable trading platform: After 3 years of operation, Tokocrypto has built trust with customers, offering a stable trading platform, support for multiple currency pairs, the lowest transaction fees, and the most competitive withdrawal fees in Indonesia.
- Customer-centric approach: The platform prioritizes customers as the top goal, providing a professional customer service team.
- Binance IDR (BIDR) stablecoin: Tokocrypto introduced Binance IDR (BIDR) in June 2020, pegged to the Indonesian Rupiah.
 

3. TKO Token

As mentioned by Mytour, TKO is the Utility Token on the Tokocrypto trading platform, utilized for:

- Trading on Tokocrypto: As the exchange token, TKO token holders receive trading fee discounts, merchandise exchanges, and other benefits.
- Participation in CeFi programs: Additionally, TKO tokens can be used in deposit, savings, and cashback programs.
- Multi-platform DeFi usage: Integrate TKO on third-party DeFi platforms through farm pools, lending, etc.
- NFT market: TKO Token will be the backbone of the NFT market (TKO NFT Arcade).

Essentially, the TKO token is on the Binance Smart Chain (BEP20). BEP20 is a token standard allowing users to deploy various digital currencies or substitute tokens on the Binance Smart Chain. Additionally, leading digital assets on other chains can be transferred to the blockchain as BEP20 tokens.

Binance Smart Chain utilizes both Delegated Proof of Stake (DPoS) and proof-of-authority (PoA) consensus mechanisms to ensure transaction validation on the chain.

Basic Information:

- Token Name: Tokocrypto (TKO).
- Launchpad Hard Cap: $7,500,000 USD.
- Hard Cap per user: $20,000 USD (200,000 TKO).
- Total Token Supply: 500,000,000 TKO.
- Total Tokens Allocated for Binance Launchpad: 75,000,000 TKO (15% of total token supply).
- Public Token Sale Price: 1 TKO = $0.10 USD.
- Supported Coin: BNB only.
 

4. Allocation of TKO Token

5. TKO Token Release Schedule

6. Tokocrypto Roadmap

Q1 - Q2 /2021:

- Official launch of TKO token.
- IBW <> BSC Summit 2021
- Charity Art Auction with TKO NFT: TKO used as the auction currency for the event, profits donated to charitable organizations and blockchain initiatives.
- Integration of TKO in CeFi: The largest electronic wallet in Indonesia.

Q3 - Q4 /2021:

- TKO NFT Arcade: The first market in Indonesia for collecting technical and creative assets, investors can use TKO as the payment unit for NFT artworks.
- TKO Bumper Pool: Investors can lock or stake TKO and farm other free tokens in the pool.
- TKO Staking: Stake TKO to earn interest.

Q1 - Q3 /2022:

- TKO Lottery: Purchase lottery tickets with TKO to win leveraged prizes.
- TKO Liquidity Swap: Investors provide liquidity in pools and become liquidity providers, earning transaction fees and interest.
- TKO Lending: Stake TKO as collateral.

Q4 / 2022:

TKO becomes a comprehensive approach for a series of CeFi and DeFi products, supported by the ecosystem and mobile applications of Tokocrypto.
 

7. Tokocrypto Projects and Investors

Tokocrypto projects have raised $500,000 from the private token sale. 1.0% of the total TKO token supply was sold at a price of $0.10 USD / TKO. Additionally, TKO tokens were distributed through marketing campaigns.

Two major investors in Tokocrypto are QCP Capital and Binance.
 

8. Trading TKO on Binance

Binance has listed Tokocrypto (TKO) and opened trading on the platform, supporting trading pairs:

- TKO / BTC
- TKO / BIDR
- TKO / BUSD
- TKO / USDT
 

9. Does Tokocrypto have potential?

Since its launch, Tokocrypto has become the fastest-growing digital asset trading platform in terms of both trading volume and registered users.

With a clear roadmap and backing from industry giants like Binance and QCP Capital, Tokocrypto project appears to be quite promising for various reasons.

The information about TKO on the Tokocrypto platform introduced here by Mytour is for REFERENCE only and not investment advice. Additionally, readers can explore more articles on Mytour to find out if Polkalokr has potential and whether investing in LKR is advisable.