The significance and fame of digital currencies make you consider ways and advances that will guarantee their accessibility for conventional individuals. Blockchain innovation and the circle of small and medium-sized organizations didn't cruise by. Today we will take a gander at a venture called #Tokoin and perceive the amount it can influence the improvement of medium and independent ventures, and particularly in developing markets. As should be obvious, the Tokoin network has an influential thought and a solid adjusted group to fathom it. Tokoin is principally a network that builds up the digital business identity and MSME notoriety as a worthy trust rating for providers and money related organizations. Staying aware of the genuine market,Tokoin gives an environment to make a significant association that will lead clients to an alluring platform comprising of chosen collectible business portfolios reasonable for extending and building up all kinds of business. Subsequently, the Tokoin team provides a marketplace that will be useful for every invested individual and will enable you to make associations that will be useful for business improvement.
WHAT IS TOKOIN?
Tokoin is a platform that establishes digital business identity and reputation of MSME as acceptable credibility scoring for suppliers and financial institutions. Tokoin is a sovereign system that brings about data distribution and provides rewards for data involvement within the Tokoin’s ecosystem. Tokoin is also an incentive tool that determines the value regarding an activity.
Face the real market. Tokoin provides a platform to build a valuable partnership which will bring you into the engaging ecosystem consists of collectible business profiles profitable for business expansion.
Tokoin system consists of associate order of arrangement to convey the expertise of distributing values from one participant to a different. every participant holds a decisive role so as to stay the system fruitful to each business concerned. The interaction between Tokoin user and partners is enabled by the blockchain technology to make sure each participant with security to each dealing and a lot of trustworthy relationships, ensuing to a valuable partnership between each partaker, within the commercial activity of Tokoin. MSME because the knowledge supplier, submit their dealing knowledge activity through Tokoin dApp.
The #Tokoin Ecosystem finds the ability to create reliable, authorized profiles for small and medium-sized businesses. All this will be converted to digital information. In addition, all business data from daily operations will be converted into digital codes, which will inevitably lead to the strengthening of the digital profile of each businessman and increase his reputation. A good reputation is enhanced by confidence from banks, various suppliers, and large businesses. And this, in turn, will lead to open access for services that were previously unavailable.
HOW TOKOIN WORKS?
TOKO tokens flow starts based on the availability of data
Reseller input information: basic profile and product value demand
Reseller’s data will be valued to redeem an appropriate discount
Producers earn benefits with the action of staking tokens
- Product Survey/Voting: Brands as Tokoin Partners can conduct product surveys by broadcasting product questionnaires on Tokoin’s ecosystem. The blockchain will ensure the authenticity of each participant to avoid the same participant filling in more than once (double voting) by applying a Unique Private Key for each participant.
- Crowdlending (Debt Crowdfunding): Crowdlending is comparable to Lending Marketplace Solution, the only difference is that funds are raised from various Investors.
- Invoice-based Financing: This is a major resolution for all MSMEs facing late payments from customers and will also help them improve on their business cash flow. Unpaid invoices can be used by the MSME as a means of collateral to get funds. Invoice Issuer (MSMEs that need funds), Invoice Payer (Buyer), and Bank/Creditor must be involved in the invoice-based financing.
- Group Buying: Individuals on the Tokoin platform can collectively purchase products and services at a very low price by applying quantity discount based on the complaint that a minimum number of buyers would make the purchase.
- Lending Marketplace: Tokoin is a go-between MSMEs that requires capitals for business and Banks that are in position offer Lending Solutions.
- Cross-merchant Loyalty Program: Any organization that operates as an MSME is in position to provide rewards to any other organization who are their client on Tokoin’s network as a system of transferable digital assets called TOKO Points that can be used to redeem discount vouchers. This applies to the allotting Merchant and to Merchants on the Tokoin’s network.
- Installment Buying: This feature is for those MSMEs that have inadequate funds to purchase products/services. As a result of the history of trading activities that have been documented and stored on the blockchain, which serves as a foundation for assessing the reputation of MSMEs, Merchants on the network can make available installments that are more flexible than a one-time payment in advance.
WHAT IS DIGITAL BUSINESS IDENTITY?
Tokoin is anticipating in creating business credit scoring that is in conforming with the standard to apply for business loans. With digital business identity, you can perform the following.
- Stores point reward and use it to claim discount for every transaction.
- Directly quote to brands to buy bulk with the lowest price.
- Record buying activity and gain a reputation as one of the growing business factors.
- Every transaction occurs in the Tokoin platform will be stored as credibility record to be used as a mortgage in the near future.
- Dodge any possible fraud or risk of damage from doing transactions with unknown intermediaries.
TOKO which is the native currency of the Tokoin platform is minted on the Ethereum blockchain and it is ERC-20 compliant. It is a major means of communication amongst the Tokoin platform users. TOKO can be used as a means of inventive to users that submits and authenticates transaction data. TOKO can also be used as a means to access services on the platform. TOKO is used for accessing advertisements and transaction data of MSMEs. MSMEs use TOKO Tokens to build credit scoring that can be used later to access business services. Third parties can use TOKO tokens to access MSME’s data and information.
TOKEN NAME: TOKO
TOKEN TYPE: ERC-20
HARD CAP:’ $ 25,000,000
SOFT CAP: $ 8,000,000
TOTAL TOKEN SUPPLY: 2,000,000,000 TOKO
TOKEN SALE: 700,000,000 TOKO (35% TOKEN SUPPLY)
USES OF FUNDS
PRODUCT DEVELOPMENT — 50%
MARKETING & BD — 35%
OPERATIONS — 10%
RESERVE — 5%
ICO CONTRIBUTORS — 35%
INDUSTRY FUND — 40%
TREASURY — 10%
TEAM & EARLY CONTRIBUTORS — 10%
ADVISORS — 5%
FOR MORE INFORMATION AND NEWS VISIT TOKOIN OFFICIAL LINKS BELOW
UNIQUENESS OF THIS TEXT: 91.1% via https://edubirdie.com/plagiarism-checker
WRITTEN BY MICKEY OBERABOR
ETH ADDRESS: 0x77F684b6E0359210527046cC592A24D60cBD8f5a
BITCOINTALK PROFILE: MICKEYBERRY