Tokoin Joins Hands with ShuttleONE

The Tokoin team has been at the top of their game for a while now, integrating new businesses and partnerships into their ecosystem. Bringing the South Asian business market closer together, Tokoin has been forging some incredible partnerships in the South Asian industry, with the aim of establishing mutually beneficial and lasting ties in the market.

Adding key players to their already extensive network, Tokoin has joined hands with an up and coming Singapore based business company, Shuttle One, as their newest business partner. The partnership establishes promises valuable technology exchange and marketing collaboration between the two entities. The company is mainly one that assists in the blockchain ecosystem, but it has been providing substantial technical support to the Tokoin team. 

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Supported by the Government, Tokoin Gave Workshops to the MSMEs in Malang

A few weeks ago,Tokoin participated in a workshop aimed at accelerating the growth of Micro, Small and Medium Enterprises (MSME), organized by the Indonesian Ministry of Trade. The event was held in Malang, on the 19th and 20th of June, 2019.

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Tokoin Meetup with MakerDao and ShuttleOne; On Discussions For The Decentralized Finance Technology

Tokoin recently participated in a meetup organized by XSQ, on 27th June 2019, at Beach Road, Shaw Tower (behind Suntech City). XSQ specializes in building hardware and infrastructure for blockchain development and operates its own data centers in Singapore. MakerDAO and ShuttleOne were the other participants in the event. The theme for the meetup was “Decentralized Finance: Its Impact & YOU”.  The event was aimed at educating the audience about what Decentralized Finance means, and how it will impact our lives and MSME (Micro, Small & Medium Enterprises) sector in the near future.

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Steps of Making a MetaMask Crypto-wallet 

metamask.io

Tokoin.io – Can’t wait for Public Sale? Before the Public Sale was announced, have you prepared your storage store Token? Designed to be compatible with Ethereum, we recommend that you make an Ether-compatible crypto-wallet.

One of the crypto-wallets that is compatible with Ethereum that you can choose is MetaMask. Following are the steps to make crypto-wallet through the MetaMask platform.

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The New Wave, Minted A Crypto Coin

Tokoin.io – What kind of crypto coin will be minted next? How would it be designed, implemented, and kept under control to govern the revolutionary wave that can shake the concept of investing as we know now?

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Through Precise Utilization of Use Cases, Tokoin Helps MSMEs to Embrace Financial Inclusion

Tokoin.io – Many research studies affirm that the most hindrance to the growth rate of MSME business is the lack of access to funding from financial institutions. Without convenient access to the source of fund, such as bank credit, MSMEs’ business growth will be stuck at where they start off.

For example, a merchant who needs to double his profit has to double his moving capital. Usually, he will resort to using personal wealth or loans from close relatives. However, it doesn’t always work out well as planned. Commonly, he won’t get the exact nominal as desired in the first place.

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Providing Credibility Records, Tokoin Helps Vietnam’s MSMEs to Embrace Financial Inclusion

Tokoin on Vietnam’s Roadshow

Tokoin.io – Targeting the global MSME sector, Tokoin conducted a global roadshow to several countries, including Vietnam as the third country to visit. Following the visits to Hong Kong and Singapore, Tokoin’s introduction in Vietnam also received a warm welcome.

The Vietnam’s roadshow consisted of a panel discussion and a talk show presented by two speakers from Tokoin and two guests who are Vietnamese industry players.

Tokoin was represented by Reiner Bonifasius Rahardja as the CEO of Tokoin, and Gun Hee Lee and Michael Park from Blockcrafters Capital as Tokoin’s advisors.

“As a blockchain platform, Tokoin will provide MSMEs with a digital business ID and a digital ledger to record every transaction carried out by the MSMEs on our platform,”

Reiner said

Having a similar business culture to that of Indonesia, Vietnam’s industrial sector is also supported by MSMEs as the driving forces. As one of the developing countries in Asia, Vietnam has attained remarkable economic growth and sustainability. In line with the country’s economic development, Small- and medium-sized enterprises have also experienced exponential growth.

Small and medium-sized enterprises play a major role in Vietnam. Being the country’s economic driving forces, Vietnam’s SMEs account for 98% of all enterprises, 40% of GDP, and 50% of employment. The number of SMEs has risen by around 100,000.

However, despite those phenomenal achievements, Vietnam’s SMEs remain weak in terms of access to business solutions, such as funding and insurance. Credit access becomes a major concern for Vietnam’s MSMEs. Banks which provide commercial loans prefer to allocate their resources to larger firms rather than MSMEs. According to banks, higher default risks, the lack of financial transparency, and the lack of assets for a mortgage are major factors which prevent them from lending money to SMEs.

As a person who has for long been involved in the MSMEs world, Reiner really understands how difficult it is for MSMEs to accelerating their business.

“There are more than 400 million MSMEs in developing countries, comprising of more than 90% of the world’s businesses. Thus far, MSMEs have had difficulties in accessing business assistance from financial institutions. They are constrained by the requirements for the credibility of the business. And this happens because they can’t provide a complete record of financial transactions.”

said Reiner Rahardja

By using blockchain technology, Tokoin is able to assist Vietnam’s MSMEs in building credible credit scoring by recording every transaction.

“By combining a digital identity and a digital ledger, Tokoin will be able to provide MSMEs with credit scoring services. With proper technology implementation, Tokoin facilitates MSMEs to record every transaction as a set of data that can be used to achieve financial transparency. This technology provides MSMEs with valuable assets which help them to embrace economic inclusion,”

added Michael Park

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Exclusive Meet-up and Token 2049: Tokoin Receives Positive Responses in Hong Kong

Tokoin.io – For 2019, Asia has been acclaimed as the center of innovation for blockchain and crypto. This is indicated by the growing number of blockchain projects in Asian countries, such as Korea, Singapore, and China, making the region a hotbed of blockchain innovation and adoption.

To expand outreach in the international market, Tokoin visited various countries following the Global Roadshow agenda to introduce itself and establish networks in the wider blockchain industrial ecosystem.

The first visit was to Hong Kong, in which Tokoin’s team held an exclusive meet-up and took part in the 2019 Asia Crypto Week. In the Token 2049 event, Tokoin built its presence and built networks with industry players from overseas countries.

Tokoin’s exclusive meet-up was attended by around 40 people who are major blockchain industry players, including Ian Sullivan, a blockchain expert and start-up advisor, as well as c-level audiences and the representatives from CryptoFund.

Tony Tan from the New Century Global Center and the Token 2049’s sponsor remarked, “Tokoin has a very good business model and an ecosystem that is also very potential to develop. China also has a similar project, but in Indonesia, with a prediction of the business climate, the Tokoin project can develop more profitably.”

Aiming to support the industrial sector with targeted utilization of its use cases, Tokoin carries the mission to help MSMEs which often find it difficult to grow their business. Tokoin brings together the convenient ‘meet-the-needs’ concept between Tokoin’s users and its partners. It serves as a platform which optimizes blockchain technology to establish a valid identity for and reputation of MSMEs.

By using blockchain, Tokoin implements encryption that enables the system to process transactions faster but also in a more secure manner. It offers solutions that allow MSMEs to build a reliable profile as a reputable credit scoring with guaranteed security to access business solutions, such as funding, property credit, and business insurance.

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Visiting Singapore, Tokoin Aims to Meet the needs of Singapore’s SMEs sector

Tokoin.io – Asia has become a center of attention as a region where blockchain and business growth flourish hand-in-hand. Since the industry and blockchain meet the needs of each other, many sectors in emerging countries implement blockchain as the groundwork for their platforms, and these include Singapore’s business sectors.

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Tokoin Visit Vietnam as the Third Country on Global Roadshow

Tokoin.io – Aiming to support MSMEs to get easier access in order to accelerate their businesses, Tokoin conducts roadshows to several cities and countries which have the characteristics of an emerging market throughout Asia. After Indonesia, Hong Kong, and Singapore, today Tokoin’s team visited Vietnam.

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