The year 2021 materialized many cryptos that bought novel tokens to the limelight. One such promising coin incepted into the markets called the Toko Token (TKO) which is the first Indonesian cryptocurrency to offer a unique hybrid token model. The project was first launched on the Binance launchpad and was introduced into the markets through Binance Smart Chain.
The TKO project built by the company Toko Token is the very first crypto that is not backed by any authorities. The token serves many purposes like carrying out trade on exchanges, deposits and savings programs, cross-platform DeFi applications, and NFT marketplace. Ever since the protocol has launched, it has managed to drag the attention of both private and enterprise users.
|Launch Date||April 2021|
|Founder||Pang Xue Kai, Teguh Kurniawan Harmanda and Chung Ying Lai|
|Blockchain Protocol||Binance Smart Chain|
|Market Cap||$24.65 million|
|Token Type||BEP-20 Token|
|Circulating Supply||108.5 million|
|Max Supply||500 million|
Who Are the Founders of Toko Token?
The platform Toko Token has been founded by Pang Xue Kai who is a graduate of Engineering from the National University of Singapore. Prior to this, he worked as a product design engineer for TechnipFMC in 2015 and in 2017 began to work on his idea for Toko Token. Further, the company was officially launched in January 2018. The founder is also a governance council member of the Singapore Chamber of Commerce
Teguh Kurniawan Harmanda, the COO of the protocol has graduated with a Master’s course in the economics of development from Universitas Gadjah Mada (UGM) in 2016. He began is career as a product development and market feedback representative for Blaast in 2012. Later he became Chief Financial Officer for Amazara in 2016 and further, in 2018 he joined Toko Token as a Business development.
Chung Ying Lai, the Chief Strategy Officer at Toko Token is a graduate with honors in engineering from the National University of Singapore in 2015. He further joined TechnipFMC as a product design engineer and in 2018 he joined Toko Token as a business development director 2020 and was promoted to CSO.
What Makes Toko Token Unique-Uses Cases?
The project Toko Token and the token TKO offer to bring a revolution to the financial world in Indonesia. The platform brings decentralized finance (Defi) to the general public in the country. It does so by employing blockchain technology and hybrid token functions on a single platform.
TKO delivers the DeFi products like Farming Pool, NFT arcade, etc with BIDR, a stable digital currency anchored to the Indonesian Rupiah. By offering leverage on BIDR pairings, the TKO platform offers a hassle-free fiat gateway and bridges the gap between the users and the DeFi platforms.
Toko Token Price Analysis
- The Toko Token has been trading within a bearish trend since the beginning of the month and has approached a decisive phase
- The price is testing the upper crucial resistance of the descending channel and trying hard to break above the bearish pattern
- With a successful breach, the TKO price may rise high to reach the immediate resistance close to $0.4, else a rejection from these levels may lead the price to drop below $0.1, testing the lower support
- The volume has drained significantly which may hinder the progress of the rally and hence a minor pullback appears to be imminent, while a rebound could be feasible ahead
|Toko Token Price Today||$0.237|
|Price Change <Yearly>||-80.1%|
|Market Rank (as per CMC)||477|
|Market Cap||$24.63 million|
|Fully Diluted Market Cap||$113.44 million|
Read more: Crypto Price Predictions
How to Buy TKO in India?
Tokecrypto tokens can be easily bought or sold or traded with less fuzz on CoinDCX. Apart from being the country’s largest and leading platform, CoinDCX offers a smooth trading experience within a secure environment. To begin with, all you need to do is follow the below-mentioned steps,
- Download the CoinDCX App on your smartphone
- Enter the details required for registration
- Complete KYC
- Once your profile is verified, fund your wallet and buy TKO token.