Toko Token
Crypto Overview
Overview
Toko Token (TKO) is the native token of Tokocrypto, Indonesia's leading regulated cryptocurrency exchange. Launched in April 2021, TKO serves multiple utilities within the Tokocrypto ecosystem.
Intended Utility
The token was designed to serve as: 1) A trading fee discount token on the Tokocrypto exchange, 2) A governance token giving holders voting rights on platform decisions, 3) A utility token for the TokoMall NFT marketplace, and 4) A payment method within the Tokocrypto ecosystem.
Actual Utility & Adoption
TKO has demonstrated real-world utility primarily as a trading fee discount token on the Tokocrypto exchange. The token is actively used by traders to reduce their trading costs. The governance utility has been implemented, though participation remains limited. The NFT marketplace utility is operational but has seen moderate adoption.
Token Distribution & Founder Assessment
The token distribution includes vesting periods for team and advisors. The project was developed by Tokocrypto, a regulated entity in Indonesia, in partnership with Binance. The founders have maintained transparency in their operations and continue to develop the ecosystem.
Technology & Revenue Model
The token operates on the Binance Smart Chain. The revenue model is primarily based on exchange fees and ecosystem services, without relying on interest-bearing mechanisms. The project does not facilitate any prohibited activities under Islamic law.
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.