Tokoin Could be the Future of MSME Funding
Limited finance remains one of the most pressing issues in the business world. Over the years, small-scale businesses have found themselves in a fix, as they couldn’t raise the needed funds to extend their operations.
In light of this prevailing circumstance, more prominent brands continue to take advantage of this drawback to monopolize the system to their advantage. There's no gainsaying that the continuation of this malaise would hold down the small-scale/startup industry from contributing their quota to the global economy.
All Eyes on Tokoin
As you may have known, blockchain is a secure network that solves many of the challenges in the world. With the massive success recorded in the financial sector courtesy of cryptocurrencies, the platform has continued to break into other niches. Now, the focus is on the Micro, Small, and Medium Enterprises (MSMEs). That would be achieved through the Tokoin blockchain.
I’m not here to bore you with the overview of this project. We would look at the highlights and make a roundup of the applications in the real-world setting.
The Features of the Tokoin Blockchain
Tokoin is first, a blockchain-based platform. It is devised in that manner to tackle the deficits in many fiat/real-world funding processes for small-scale businesses. Through the network, it aims at triggering a revolution that would usher in a decentralized and transparent funding process for Micro, Small, and Medium Enterprises (MSMEs).
Boosting the Reputation of MSMEs
One recurring issue that reduces the chances of small-scale businesses in getting loans is their reputation. With their status as startups, investors like banks are sceptical about providing funds for their operations.
Tokoin cashed into this opportunity to offer a decentralized reputation system. Through the Digital Business Identity framework, it helps MSMEs to have a valid and reputable profile. That would, in the future, empower them to stand a better chance at accessing loans.
In a real-world scenario, we’re looking at the situation where banks can log into the Tokoin blockchain to gain insights into the profile of companies applying for loans. That would be possible in the future, as the Tokoin blockchain is working hard to partner financial institutions. The move would usher in a new trend, as its blockchain platform would become the standard for financing Micro, Small, and Medium Enterprises (MSMEs).
Decentralized Lending Platform
While we’re hopeful of the fiat integration of the Tokoin blockchain, the network already has a working infrastructure on blockchain. Through its encompassing ecosystem, it empowers investors to release funds to MSMEs that met the standards. There is also the provision of suppliers that serve the e-commerce purpose. Their role is to provide goods and services to the MSMEs after the latter must have been funded through the Tokoin blockchain.
Token Sales Information
IEO on KUCOIN
Ticker: TOKO
Token Standard: ERC-20
Token Supply: 2 billion TOKOs
Soft Cap: $8 million
Hard Cap: $25 million
Tokoin is the Future of MSME Funding
The small-scale business community is confident of getting a boost with the immense potentials in the Tokoin blockchain. I am optimistic about this project, considering that startups stand a better chance to flourish if given the needed opportunity. Financing them through the Tokoin blockchain is a significant step towards improving the fortunes of the Micro, Small, and Medium Enterprises (MSMEs) in particular and the privatized industry in general.
For greater insight on this remarkable project, visit the links below
🌐website
💬Telegram
🐧Twitter
🗺Facebook
📄Medium
👉 Instagram
👉 Linkedin
👉 Quora
Writer's info
Bitcointalk username: deodivine1
Profile URL : https://bitcointalk.org/index.php?action=profile;u=1390292
Telegram : @engrdeo