Tokoin is a blockchain platform that creates a database of profiles of micro, small and medium-sized business companies (MSME), in order to eliminate existing problems associated with the factor of trust in certain companies. In other words, Tokoin will create a global platform in the future that will bring together market participants, entrepreneurs and companies with a confirmed rating by processing the non-financial data they provide. It may sound a little complicated at first glance, but it’s easier if you look at this in more detail, which is what we’ll do now.
In the world of business, banks and entrepreneurs closely interact, this is related to lending and various financial services that banks provide to business representatives, there is a big problem in this area, since it is very difficult to check the reliability of the entrepreneur and the real state of his company, to issue loans to such borrowers or providing them with financial services may be unprofitable for the bank or lead to all sorts of other troubles.
The same problem may arise between the business representatives themselves (partners), in order for the business to be confident, you need to make sure that your partner has a good reputation, and it may take a lot of time.
Tokoin creates a platform on which profiles of different organizations and companies will be collected so that people can use this data and get all the necessary information about the right subject. In addition, such information cannot be obtained without the knowledge of its owner, because it will be encrypted. It can also be tokenized, that is, monetized! Various financial or other organizations will be able to acquire this information for use in analytical or marketing purposes, and its owner will receive TOKO tokens for this. By the way, TOKO are ERC-20 tokens that will be used on the Tokoin platform to exchange information between participants. Tokoin is a kind of information exchange.
A similar service will be very useful for MSME itself ., as financial institutions will work closely with Tokoin and will be more willing to provide services to trusted customers with a good reputation, who will be members of the Tokoin ecosystem. That is, one of the main functions performed by the platform is Digital Identity using its own protocol developed by KYC.
The project team, like the project itself, is originally from Indonesia, this will be the first region for the deployment and development of the project, after which the team will begin global expansion. Indonesia's market is very large because it is one of the largest countries in the world in terms of population (Indonesia is the fourth largest in the world in terms of population), and trade and small business are very developed there, so Tokoin has a great chance of success in this country.
The project team is young and very active, the CEO of the Reiner Rahardja project is among the top 2 young entrepreneurs in Indonesia, and in addition the team has many more specialists from the marketing field, experienced investors and entrepreneurs.
At the beginning of the article, I mentioned that IEO Tokoin will be held on a well-known exchange, so tomorrow at 9:59:59 UTC + 8, the project will conduct its IEO on the Kucoin exchange! The sale will consist of both a lottery and also a proportional distribution depending on the holding of the KCS token, trading will open on the same day at 21:00 UTC +8.
If we look at the dynamics of trading various IEOs on this exchange at the initial stage, we will see a positive trend, well, in general, the exchange has established itself as reliable.
Tokoin enables MSME entrepreneurs to take advantage of blockchain technology to accelerate their growth potential.
Digital Business Identity
One of the biggest disadvantages of limited funding for beginners is “computable reputation.. The emergence of these companies and the fact that they have little or no experience in overcoming risks make it difficult for banks to finance them. After all, no one wants to put his hand where his mouth is.
In this note, Tokoin rediscovered the process by having important participants present, and MSMEs registered for a digital business identity. It is aimed to include all activities of registered enterprises. In this way, the profile of companies will be built smoothly and the chances of obtaining credits in the future will be increased.
Reliability Rating
Seeking funds is ridiculous when the company's credit rating is red or does not meet standard requirements.
Therefore, the Tokoin block chain allows MSMEs to have a reliable credit rating. Ideally, each operation takes place in the block chain. This paves the way for the platform to access and store each company's credit activity. This will then be used as a mortgage in the future when the company needs loans / financial interventions.
Difference of Tokoin
Today, many initial projects are not feasible. Many projects try to exploit each other with similar ideas. Most of the projects promise a solution to the problems. Tokoin is a truly feasible project and is quite different from the others.
Respecting alternative ideas and wanting to ensure the rapid development of the platform, the Tokoin team has created a system where people can make money. Tokoin, which will meet the data requirements of the world to a large extent, aims to create a digital database. Any small and medium business can benefit from this digital database.
Only businesses that want to provide data to the platform save their business information in the Tokoin system. The Tokoin team creates a Kyc system to ensure the accuracy of businesses and ensure that all businesses are accurate and reliable.
Tokoin is an excellent concept and well managed crypto platform. It uses blockchain-based solutions. One day later, the IEO will be launched at Kucoin, so don't miss this deal.
Tokoin Solution
Tokoin will offer a partnership platform that will bring you to an attractive ecosystem of profitable business profiles to grow your business. Tokoin enables the creation of Business Profiles that solves the problem MSMEs face. The company produces a unique product type that will never be reduced.
Conclusion
Tokoin is a young and very ambitious blockchain project with a rather interesting idea and plan for its implementation. It is worth noting the successful project team and the token sale on Kucoin, I remind you that this will be the fifth project on Kulight's Spotlight, before that there were very worthy projects, which shows us the seriousness and thoroughness of choosing the project by the Kucoin team for Spotlight. Together, all these parameters make Tokoin very attractive and interesting. Subscribe to the project’s social networks so you don’t miss anything, and also join the Telegram group, all the links as usual at the end of the article.
More information on the project TOKOIN please visit their website listed below:
WEBSITE: https://www.tokoin.io/
WHITEPAPER: https://www.tokoin.io/whitepaper/Whitepaper.pdf?id=05f5c9d62d22ae24ea82
ANN: https://bitcointalk.org/index.php?topic=5164803.0
TELEGRAM: https://t.me/tokoinglobal
TWITTER: https://twitter.com/TokoinOfficial
FACEBOOK: https://www.facebook.com/TokoinOfficial
Author
• Bitcointalk username: David12jay
• Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2168034
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• Myetherwallet: 0xf3fc5b884b0337976f064b4ee471edf8a626396e