TOKOIN

Salome16

Tokoin is a platform that establishes digital business identity and MSME's reputation as an acceptable measure of trust for suppliers and financial institutions. Create a digital business identity for MSME that represents a valid business reputation.

Basic information about the token:

Token name: Tokoin Token

symbol6 TOKO

Soft cap: 8,000,000 US dollars

Hard cap: 25,000,000 US dollars

Quantity for sale: 700,000,000 TOKO

Country: India

Problems with high financing barriers

After the financial crisis, banks were skeptical of lending to MSMEs. They adhere to the generally accepted stereotype that MSMEs do not have enough cash flows to make loan payments. Overall, financial affordability is still low in emerging markets, as 70% of MSMEs still do not have access to financing opportunities. This is often explained by the fact that, as relatively new or small enterprises, most MSMEs do not have proper legal documentation, collateral and / or a long-term credit history.

Difficulty in expansion

Most MSMEs do not produce enough to take advantage of economies of scale. They also have low order volumes, which means that they have little influence on suppliers and do not receive wholesale discounts. This leads to higher production and transaction costs compared to large enterprises, and unlike corporations in which entire departments are involved in procurement and finance, MSMEs have fewer resources to find the best suppliers or appropriate financing. International expansion is also problematic.

Lack of business support

For MMZ, these problems mean that they feel trapped in the high cost cycle, minimal financial support, and fierce competition. At the heart of this cycle is a lack of trust on the part of institutions that would have to support the IHR in order to sustain and grow. Suppliers do not trust them, banks do not trust them, and, ultimately, customers do not trust them. What is missing is MSME’s ability to build a reputation that builds trust and opens up a wide range of growth-enhancing services.

Through the blockchain network, you can verify data related to business transactions in the ecosystem. TOKOIN uses the data recorded on the blockchain network as a valid indicator of business reputation. In other words, this reputation will be built on the customer’s buying behavior in trading activities, and this information will become an important part of the customer’s profile. With this approach, TOKOIN can transform an accurate data record into a valuable asset that the MSME can use as leverage to offset its missing lending requirements, such as a measure of reliability.

Digital Identification

Responding to the needs of an authoritative and real person, Tokoin uses the digital sector as an aid and privilege. With a digital business identifier, MSME can record and track its business processes in a digital ledger, while distributing the credit rating they create to other partners in the Tokoin ecosystem. This is the decentralized nature of the blockchain, where there is no central point of power that records data. The use of blockchain technology in a business process.

Digital Book

All transaction data from the MSME business transaction as a user will be stored in digital form and at the same time a computerized record called a digital ledger. Information from KYC to identify the initial business profile and more detailed information, such as cash flows, sales and revenues, and ordinary business purchases, is recorded as a valuable asset. This asset will also be compiled and processed, and it will be assigned a value in accordance with the depth of the information contained.

Service Provider

To help MSME, Tokoin is also supported by partners who provide financial and business

services, such as business loans and credit, insurance services, logistics, shipping and

warehousing. As a Tokoin user, MSME can choose business services based on their preferences as well as a development plan. For a service provider, this means that they can work closely with MSME, gaining access to their data and getting an overview of their potential customers.