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About Toko Token
-
Launch Date:
September 2018 (Tokocrypto), April 2021 (Toko Token) -
Founders:
Pang Xue Kai (CEO), Teguh Kurniawan Harmanda (COO), Chung Ying Lai (CSO) -
Total Supply:
500,000,000 TKO tokens -
Distribution:
- 20%: Tokocypto Foundation
- 17%: Marketing and Advertising
- 15%: Founding Team Members
- 17%: Partnerships and
Introducing Toko Token: Empowering a New Era of Innovation
Introducing Toko Token (TKO): A Comprehensive Overview
Launched in September 2018, Tokocrypto made history by becoming the inaugural entity to be registered under the auspices of Indonesia’s Commodities Futures Trading Regulatory Agency (BAPPEBTI) by November of the same year. The company’s latest brainchild, TKO, proudly takes the distinction of being the first Indonesian cryptocurrency to pioneer a novel hybrid token model.
The Toko Token assumes a multifaceted role within the Tokocrypto blockchain ecosystem, empowering users to engage in a diverse range of activities, including crypto exchanges, deposit and savings programs, decentralized finance (DeFi) applications that transcend platform boundaries, and vibrant NFT marketplaces. Following its official launch in April 2021, the Toko Token has garnered significant attention from both individual and institutional users. Notably, the Tokocrypto platform was developed in collaboration with Binance, a partnership that lends substantial credibility and support to the project’s ongoing development and future prospects.
The Visionary Founders Behind Toko Token
Pang Xue Kai, the visionary founder and CEO of Tokocrypto, holds a degree in engineering from the prestigious National University of Singapore. Following his academic pursuits, he embarked on a thriving tech career. His professional odyssey commenced as a product design engineer at TechnipFMC in 2015, where he spent two formative years. In 2017, he began refining the concept for Tokocrypto, which officially launched in January 2018. Notably, Kai also serves as a governing council member of the esteemed Singapore Chamber of Commerce.
Teguh Kurniawan Harmanda, Chief Operating Officer of Tokocrypto, holds a master’s degree in Development Economics from Universitas Gadjah Mada (UGM), which he earned in 2016. His professional journey commenced in 2012 as a Product Development and Market Feedback Representative at Blaast. He subsequently assumed the role of Chief Financial Officer at AMAZARA in 2016, before joining Tokocrypto in 2018 as the Lead of Business Development. Through his dedication and perseverance, he ascended the corporate ladder to become the company’s COO.
Chung Ying Lai, Chief Strategy Officer at Tokocrypto, boasts an impressive pedigree. He graduated with honors in engineering from the prestigious National University of Singapore in 2015. Following his academic pursuits, Lai embarked on a professional journey, initially as a product design engineer at TechnipFMC. In 2018, he transitioned to Tokocrypto, where he assumed the role of Business Development Director. His exceptional prowess propelled him upward, and in 2020, he ascended to the esteemed position of Chief Strategy Officer.
Unveiling the Unparalleled Attributes of Toko Token
Tokocrypto and the Toko Token are poised to usher in a revolutionary era in Indonesia’s financial landscape. As the pioneering entity to integrate blockchain technology with hybrid token functions within a single platform, Tokocrypto is democratizing access to decentralized finance (DeFi) for the masses in Indonesia.
By fostering innovative business opportunities and community development, the Tokocrypto platform leverages the decentralized capabilities of blockchain technology to empower Indonesians to participate in the modern global financial landscape. The platform boasts a comprehensive suite of functionalities, catering to a burgeoning pool of customers.
What Is the Circulating Supply of Toko Token (TKO) Coins?
Toko token boasts a total and maximum supply of 500,000,000 TKO tokens. Notably, 20% of this allocation has been reserved for the Tokocypto Foundation, with a semi-annual distribution schedule spanning five years.
A significant 17% allocation was dedicated to the marketing and advertising endeavors of the Toko Token and the Tokocrypto platform. The founding team members, in recognition of their invaluable contributions to the project, received 15% of the total token supply as a token of appreciation. Strategic partnerships and ecosystem collaborations were also allocated 17% of the supply, fostering a robust network of alliances. Furthermore, Tokocrypto has reserved 3% of the tokens for mining rewards and an additional 2% as a gesture of gratitude to the project advisors. The company has also distributed 10% of the supply through community airdrops, while 1% of the tokens were designated for private sales.
The Toko Token Network’s Robust Security Framework
Toko Token is a Binance Smart Chain token, conforming to the BEP20 standard. This developer-friendly token standard enables the seamless deployment of fungible digital currencies or tokens on the Binance Smart Chain. Moreover, prominent digital assets from other chains can be effortlessly ported onto the blockchain, manifesting as pegged BEP20 tokens.
The Binance Smart Chain employs a hybrid consensus mechanism, combining delegated proof-of-stake (dPoS) and proof-of-authority (PoA) to ensure the secure validation of transactions on the chain. In this paradigm, elected validators take turns confirming transactions on the network, producing blocks in a PoA manner, where their stake and reputation within the community are taken into account. To assume the role of a validator, a user must stake BNB, thereby demonstrating their commitment to the network.
Acquiring Toko Token (TKO): A Comprehensive Guide to Exchanges and Marketplaces
As a Binance Smart Chain token, the most optimal avenue for acquiring TKO is via the Binance cryptocurrency exchange, which boasts the highest TKO/USDT trading volume as of April 2021.
Alternatively, investors can also acquire TKO tokens through Gate.io.
Discover the ins and outs of acquiring cryptocurrencies.
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