Tokocrypto finally launched the whitepaper for the native utility token of its Tokoverse ecosystem, i.e. Toko Token (TKO). After months of anticipation, the crypto asset exchange platform in Indonesia revealed that the whitepaper for TKO has been launched.
This happened at the recently concluded The Crypto Odyssey (TKO) Summit 2021 (“Summit”), which was held on YouTube Live with an attendance of over 15,000 viewers. The TKO Conference, which is in its second edition, is a quarterly summit that empowers crypto communities around the world through in-depth knowledge and understanding of the industry presented by experts.
Exploring the real-world application of blockchain
The summit included industry experts such as Chia Hock Lai of the ASEAN Blockchain Consortium and COO of Tokocrypto Teguh Kurniawan who expressed their views on the role of blockchain as an enabler for the Fourth Industrial Revolution (IR4.0). He talked about the impact of technology in various industries and its all-important role in the fight against the pandemic.
Analyzing how blockchain can solve the issues of the current world, Kurniawan shares his experience with how Tokocare deployed blockchain to mitigate the COVID-19 situation in Indonesia. He added that blockchain can be used for a number of healthcare-related processes, such as managing medical history and seamlessly transferring data.
The experts highlighted the immutable and transparent features of blockchain and discussed how they can help bridge the trust deficit in the digital domain. Travala’s Juan Otero commended the tourism industry for deploying blockchain and praised the way blockchain unites various players in the industry.
Although the metaverse is still relatively young, blockchain and smart contracts have the potential to be the unifiers that will bring together 5G, artificial intelligence (AI), and other technologies to drive its growth and transformation into digital reality.
Other experts, such as QCP Capital’s Darius Sitt and Enjin’s Oscar Franklin, provided an overview of the crypto industry, emphasizing the growing popularity of GameFi, non-fungible tokens (NFTs), play-to-earn, and decentralized cryptography. Finance (DFI). With DeFi transitioning from 1.0 to 2.0, a greater level of transparency will be achieved in the domain and the element of real yield will be promoted.
Lastly, the panelists noted that ratings of NFTs depend on their rarity, historical significance, and popularity of creators, adding that the NFT metaverse should be decentralized, retaining its concepts of culture, technology and governance.
Insight into the Whitepaper
The long-awaited whitepaper lays out TKO’s game plan to bridge the gap between the Indonesian and the developed crypto market. The 54-page paper includes information about TKO and the token’s future projects in the Tokoverse, such as TokoScholars, TokoLaunchpad, and T-Hub, as well as providing insight into Tokocrypto’s blueprint for its core utility token.
Sharing his vision for the development of TKOs as the cryptocurrency of the future, TokoCrypto co-founder and CEO Pang Xue Kai said that his team is committed to supporting inclusivity, innovation and the economy through Web3. According to him, Tokoverse will leverage blockchain to fulfill the fundamental purpose of all technologies, which include improving the quality of life through easy-to-use functionalities.
PrimeXBT Special Offer: Use this link and enter code POTATO50 to get 25% off on trading fees.