Tokoin - Project Review

What is Tokoin?

Tokoin is a platform that optimizes the use of the Blockchain to build Digital Business Identity and Digital Bookkeeping systems for Micro, Small and Medium Enterprises (MSMEs) in Indonesia. "MSME entrepreneurs who use Tokoin will be able to increase the credibility of their profile. Tokoin helps

Tokoin helps MSME businesses and with the mission of building a profile to ensure the integrity of their data. Make a virtual ledger for each MSME transaction. Reducing barriers to financial inclusion by providing reputation assessments. A sustainable business model that allows MSMEs to appear on a higher scale.

Problem

MSMEs in Indonesia although the development is quite significant but there are many problems. They want to grow hard, want to get hard funding, want to get hard investors. The state has facilitated legality, but they have nothing. Therefore, with the Tokoin application that relies on blockchain technology, MSME entrepreneurs can get credit scoring so they can form a business reputation. In the future, MSME entrepreneurs can obtain facilities to sell the products they produce and obtain funds to expand their businesses

through the implementation of blockchain technology, it is expected that MSMEs can grow twice as much as last year. While a two-fold increase in MSMEs in Indonesia, will be able to contribute 80 percent of the economy in Indonesia. Because through the Blockchain Technology, the UMKM actors will be recorded properly and have an IP Identity as a viable UMKM and its existence is considered legal. So, it is hoped that this will easily get funding from banks.

The solution

Tokoin offers solutions to overcome a number of obstacles faced by SME startups and business people. With blockchain technology, information data and background of business actors that do not meet the reputation standards recognized by the government and formal financial institutions, will be processed and evaluated to be a business reputation and credibility assessment.

Tokoin explained the cooperative relationship with Ralali.com, the largest business to business (B2B) marketplace company in Indonesia, which has helped MSMEs to develop and strengthen their business digitally.

Since its foundation in 2013, Ralali.com has embraced more than 250,000 MSMEs as users of the Ralali.com platform. By choosing Ralali as a business partner, Tokoin is confident that it will be able to accelerate business ideas that are able to answer the needs of acceleration and the development of Indonesia's MSMEs using blockchain technology.

How it works Tokoin

How it works Tokoin SMEs can register their businesses through the Tokoin mobile application and also tokoin partners can also access from the tokoin website, then data will be recorded on the blockchain so users can improve their quality to get funding from investors.

Tokoin Ecosystem

These are users who are involved in Tokoin business activities. MSMEs as data providers, send their transaction data activities via Tokoin dApp. Tokoin process and validate data into valuable assets. Partners can get data by risking the SHOP shop.

Token Sales

The sale of Tokoin tokens to attract many investors to invest in this extraordinary project because Tokoin positively sees a huge opportunity in Indonesia so that Tokoin is implementing Token Sales on the world-renowned Exchange, Kucoin.

Token Details TokenName: SHOP
ICO Token Type: ERC-20
Total Token Supply: 2,000,000,000 SHOP
Token Sale: 700,000,000 SHOP (35% Token Supply)
Hard Cap: $ 25,000,000
Soft Cap: $ 8,000,000

Team

Conclusion

The Tokoin project is very helpful for MSME entrepreneurs to increase their business profile and increase the trustworthiness of their business and products so as to get investors to help their businesses, using Blockchain technology will certainly make the business they do will be transparent and decentralized, and will certainly also make growth blockain technology will continue to develop and benefit many people.