Tokocrypto Launches Whitepaper for Toko Token (TKO)

Tokocrypto, Indonesia's trailblazing crypto exchange platform has recorded another breakthrough by launching its whitepaper for the native token of its Tokoverse ecosystem i.e Toko Token (TKO). This comes less than nine months after TKO’s record breaking launch on the Binance Launchpad.

The whitepaper for TKO was launched during the recently concluded The Kripto Odyssey (T.K.O) Summit 2021, which was held through YouTube Live with over 15,000 people from around the world in attendance. The Summit was designed to facilitate the growth of the crypto community through insights and the understanding of the industry by experts. 

Toko Token as the Cryptocurrency for the Future

TKO’s whitepaper contains details about the token and how it aims to bridge the gap between Indonesians and the crypto market. At this juncture, Indonesians are familiarizing themselves with cryptocurrencies, but adoption rate is still low.

The 54-page whitepaper shares meaningful insights into Tokocrypto’s blueprint for its utility token, TKO. Aside from the token, the whitepaper comprises information about TokoLaunchpad, TokoScholars, T-Hub, and other programs in Tokoverse.

Speaking of the whitepaper launch, Tokocrypto’s co-founder and CEO Pang Xue Kai, reiterated the company's commitment to supporting the economy through Web 3.0. According to him, the ecosystem aim to use the innate potential of blockchain to satisfy the fundamental aim of all technologies, which is to enhance quality of lives. 

Experts Explore the Role of Blockchain Technology

The second edition of the Summit explored the different aspects of the industry, including the role of blockchain technology as an enforcer of the Fourth Industrial Revolution (IR4.0). Industry experts such as Hock Lai of ASEAN Blockchain Consortium, Juan Otero of Travala.com, and Teguh Kurniawan of Tokocrypto are amongst the first panelists to shed some light on the application of blockchain in the real world and its impact on future industries.

While speaking of the endless possibilities of blockchain and how it can be leveraged to solve existing real world problems, the COO of Tokocrypto, Teguh Kurniawan stated that the technology can be implemented for storing medical history, transferring data conveniently, managing supply chains, and alleviating the Covid-19 situation in Indonesia.

Summarily, the first panel discussed the immutable features of blockchain and the role it plays in addressing trust deficits in the digital domain, smart contracts and their potentials as the unifying component to bring together 5G as well as the role of artificial intelligence (A.I) , and big data in transforming the Metaverse into a digital  reality. Finally, the panel discussed how blockchain has become a mainstream technology through its deployment in the tourism industry.

Experts’ Overview of the Crypto Industry

Darius Sit who is the CIO of QCP Capital, Weso of Beefy Finance, and Irene Umar of Yield Guild Games Southeast Asia, dived into the world of cryptocurrencies. These panelists discussed the rise of decentralized finance  (DeFi), and how DeFi 2.0 is all about bringing greater transparency to the DeFi domain as well as boosting the element of real yield.

GameFi and the role of non-fungible tokens (NFTs) in tokenizing the world were brought into focus. The panelists revealed that the success of GameFi lies in the combination of profit and purpose, highlighting how play-to-earn  (P2E) games are delivering in terms of fun and a high rate of return.

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