Tokoin ICO review and rating

tokoin ico

Accelerating the growth of MSME (micro, small & medium enterprises) in the emerging market. Tokoin ICO rating – not rated.

ICO Tokoin Visit Tokoin ICO site

Active ICO : 01/08/19 – 01/01/20

ICO rating

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About Tokoin ICO (token sale)

Tokoin ICO is a platform that establishes the identity of MSMEs as an acceptable reputation in the business ecosystem. Tokoin ICO presents a better and modern business ecosystem that offers valuable partnerships to address inclusive growth. As a platform, Tokoin ICO captures and processes business information from the users as a valuable asset, which, in our ecosystem, translates into a marker for trusted reputation of the MSMEs as our users. This enables them to access previously inaccessible financial business services from providers, which act as our partners. Therefore, Tokoin ICO links the business and financial sectors to launch a scheme of financial inclusion. The partnerships formed in Tokoin ICO will subsequently contribute to the national economic growth.

Tokoin ICO offers a trusted solution that can help MSMEs in solving the problems they are facing in three ways.

Building a Digital Identity for MSMEs that Represents a Valid Reputation
Business profiles, activities, and buying behaviors are key elements for SMEs to generate valuable assets on Tokoin’s platform. Tokoin’s platform works by compiling data, starting from the KYC process, routine transactions, records of behavior, to the creation of credibility for Tokoin’s users.

Accommodating MSMEs to Utilize Their Data to Create More Funding Opportunities
Tokoin ICO provides a suitable technology infrastructure that records and manages data of transactions and leverage the data by putting value into them.

Providing Growth Opportunities for MSMEs by Bringing Business Partnerships
Tokoin’s ICO partnerships with various institutions allow users to access the services they need. On the users’ side, Tokoin ICO will allow them to build their reputation and credibility by keeping track of their behaviors, so they will be able to reach any financial institutions for the purpose of business expansion. Meanwhile, financial institutions will benefit from an effective buyer acquisition process by attributing to the business credit reputation of Tokoin’s ICO users.

ICO Contributors
Intended for Private Sale, Pre-sale, and Public Sale contributors. Private and Pre-sale contributors will be awarded bonus Tokens for their early support, but these will be subject to vesting periods.

Industry Fund
Required to drive platform adoption, ongoing platform use, and engagement over time through incentives for key partners, producers, resellers, distributors, data buyers, data sellers, and contributors (e.g. via bounties and airdrops). These Tokens may also be used to drive broader industry initiatives and partners. Tokens are subject to a maximum release of 10% in a single quarter (e.g. for large initiatives, promotions, or campaigns).

ICO Treasury
Used to support the business on an ongoing basis, i.e. treasury, liquidity management, operations, and administrations. Up to 20% will be released initially to fund liquidity management. The remaining will be locked for 24 months with a maximum release of 20% in a single month.

Product Development
Funds will be utilized to develop Tokoin’s ICO ecosystem infrastructure, mainly on the top of blockchain technology. Tokoin adopts the blockchain in a novel way. It embodies design principles of a replicated database model for storing credit data in a high-throughput data store. Tokoin ICO uses DynamoDB for its storage layer in a NoSQL database. This allows for flexible JSON data models for hierarchy and classification. We use Tendermint for the underlying consensus mechanism to ensure Byzantine Fault Tolerance (BFT) across Tokoin’s ICO network. By design, Tendermint runs validators on each node for the consensus of broadcast transactions. In order for Tendermint to interact with the data store, we adopt the ABCI interface to interconnect the consensus network to the database engine. Extensive technology usage is driven to ensure Tokoin’s ICO mature infrastructure.

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