Toko Token
Crypto Overview
Overview
Toko Token (TKO) is the native cryptocurrency of Tokocrypto, Indonesia's leading regulated cryptocurrency exchange. Launched in April 2021, TKO serves multiple utilities within the Tokocrypto ecosystem.
Purpose and Utility
The primary utilities of TKO include: Trading fee discounts on the Tokocrypto exchange, participation in token sales on the TokoLaunch platform, rewards and cashback programs, and governance participation in the Tokocrypto ecosystem.
Business Model Assessment
The business model centers around providing legitimate exchange services and crypto-related products to the Indonesian market. The exchange operates under regulatory oversight from Indonesia's Commodity Futures Trading Regulatory Agency (BAPPEBTI).
Real-World Adoption
TKO has achieved significant adoption within Indonesia's crypto ecosystem. The token is actively used for its intended purposes on the Tokocrypto platform, particularly for trading fee discounts and participation in the platform's various services.
Development Activity
The project maintains regular development activity, with continuous updates to the exchange platform and expansion of TKO use cases. The team regularly announces new features and partnerships.
Token Distribution
Total supply is 500 million TKO tokens. The distribution includes allocations for the ecosystem fund, team tokens with vesting schedules, and public sale participants. The token distribution model appears transparent and designed for long-term ecosystem development.
Crypto Impact
To assign a comfort level investing in Toko Token from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Toko Token.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.