How Blockchain Can Empower The MSME Market: Tokoin To Create Digital Identity For Small Business

The process of capital raising is the first step any business must take to get its engines started. The seemingly invulnerable tech giants of today were once start-ups seeking sources of funds, and some of the start-ups that are seeking sources to raise capital will one day be the new seemingly invulnerable giants later in the future.

Only about a decade ago, raising funds for business ideas was limited to a few means which included; savings, requests to friends and family members, unlikely aid from a bank — which contributed to plenty of time wasted and heavy initial costs and plenty of time wasted due to red tapes involved to get the opportunity for a bond issuance or stock offering.

Then blockchain technology and cryptocurrency market came along and shook things up and gave life to ICOs. Coin or token offerings were a poster-child of crowd-funding campaigns mastered by early platforms like Kickstarter, and the zealous drive of the crypto community to bring decentralization to mainstream entrepreneurial and industrial status quos.

Today, blockchain technology and its dApp projects through ICOs and its derivatives (such as ITO, IDO, IEO) are allowing businesses to raise tens and even hundreds of millions of dollars, and this has given way to a new revolution in innovative technological advancement. Any entrepreneurial idea has the potential to be funded by the market itself: ICOs put the historic quote of Abe Lincoln that says “By the people, for the people;” into economic perspective. And so far, the result has been a marvelous eruption of innovative technologies challenging the most established companies and enterprises.

Now it is time to go beyond challenging companies and to challenge entire systems.

An Entrepreneurial platform: Tokoin

Tokoin is about to be the newest addition to the list if revolutionary ICOs aimed to disrupt the cryptocurrency market. However, Tokoin isn’t only bringing a new product to the market, it is providing a template to improve on something that has been core to the blockchain movement from the very first days of its existence: ''opportunities for all''

There is no slight doubt that the blockchain is a technological marvel and that ICOs have had a massive social and economic impact, however, the power of ICOs is limited only to, as the name hints, coin offerings. There are plenty of entrepreneurial ideas out there that do not have the need to build on the blockchain and so do not, or rather, cannot issue tokens.

That’s where Tokoin steps in.

Tokoin is an intuitive solution that allows Micro, Small And Medium Enterprises (MSMEs) to digitize their data and information into a digital business identity that will be useful in securing financial support or capital for their businesses. The company is building a blockchain service optimized for the needs of Micro, Small and Medium Enterprises in Indonesia. Tokoin intends to develop something that can process business data and daily transaction information into a digital ledger and business profile for the MSMEs. The profile created on Tokoin platform will present a clear reputation for the businesses. With Tokoin, massive benefits await business owners and investors.

Services Offered To Business/MSME Owners

• First and foremost, MSMEs owners get access to a platform that allow them to create a digital reputation profile that will help build trust and get services from banks, suppliers and other service providers.

• Tokoin enable businesses to gain access to capital raising services without having to face burdens fees or red tape.

• Provision of opportunity for expansion — One of the numerous value addition of Tokoin is to create a reputable profile and reputation for its platform users in order to aid their chances of getting loans and increase their lending requirements.

• Tokoin also help registered MSMEs to get business partnerships that can help grow their enterprises

• Tokoin intends to develop a permission-less blockchain service which fosters an ecosystem where anyone has the opportunity to pursue their dreams by raising capital from a vast global market on an open and easy-to-use platform.

Services Offered To Investors

• Tokoin offers investors a platform designed to be a secondary market where they can buy equities in promising start-ups and SMEs.

• Through Tokoin ecosystem, Venture Capitalists and Investors gain access to investment opportunities that were never possible in the past.

• Tokoin provides convenience by offering in-built analytical tools and easy search mechanisms for finding suitable investment opportunities on its platform.

Tokoin Understanding The Needs Of MSMEs

The team behind Tokoin understands that start-ups and SMEs often opt for intermediaries as they provide clear knowledge and a pathway to raising capital for their businesses. However, Tokoin eliminate such needs as it has built-in operations to ensure that the needs of SMEs are satisfied. The project offers an intuitive UX with which start-ups can share business data with the system which will be processed into reputation that can be used to access funding and financiak support from Tokoin partners.

With Tokoin ecosystem, businesses will have the opportunity to decide where and to whom, as per certain classifications, do they want to receive capital from. The company understands that many businesses do not and cannot afford to have financial analysts because of the small nature if their businesses, hence it leverages the transparency and the distributed ledger technology to offer valuation of business and shares. MSME registered with Tokoin also get an enterprise-level solution for communicating with investors, issuing investor rewards, and financial reporting.

The Need for TOKO Tokens

A total of 2 Billion TOKO tokens are created with 700Million allocated for sale. Since Tokoin is staging a public fundraising through IEO, its platform token clearly has a purpose. Since the company wants to make the process of fundraising as easy as possible, TOKO token will serve as the native platform token upon which transactions will be performed

The TOKO token is also designed to be a tool for incentive. The token will be used to reward the platform users for their contribution to the Tokoin ecosystem. TOKO token will be used incentivize SME owners for providing their business data and information

Few other purpose that TOKO tokens serve are built into the Tokoin business model, which is somewhat of freemium model derivative. The token will be the development tool for the platform.

The final value TOKO tokens will be to provide access to third party entities to either access Tokoin data feed, and to collect fees from external developers aiming to develop apps on the Tokoin ecosystem

Tokoin is a new blockchain service that will revolutionize the MSME market. Its IEO goes live on KuCoin Spotlight on 23rd of August.

Tokoin Official project links

🌐 Website: https://www.tokoin.io/
📖 Whitepaper: https://www.tokoin.io/whitepaper/Whitepaper.pdf?id=05f5c9d62d22ae24ea82
📬 Telegram: http://t.me/tokoinglobal
🌐 Twitter: https://twitter.com/TokoinOfficial
💬Facebook: https://www.facebook.com/TokoinOfficial
📢 Reddit: https://www.reddit.com/user/TokoinOfficial
🌐 Medium: https://medium.com/@tokoin