Toko Token
Crypto Overview
Background and Purpose
Toko Token (TKO) is the native cryptocurrency of Tokocrypto, Indonesia's leading regulated cryptocurrency exchange. Launched in April 2021, TKO serves as a utility token within the Tokocrypto ecosystem.
Intended Utility
TKO was designed to serve multiple purposes within the Tokocrypto ecosystem: trading fee discounts on the exchange, participation in token sales on the Toko Launchpad, rewards for platform activities, and governance participation in the Tokocrypto ecosystem.
Actual Usage and Adoption
The token has demonstrated actual utility aligned with its intended purposes, particularly in providing trading benefits on the Tokocrypto exchange. The platform maintains active development and regular updates, with verifiable trading volumes and user engagement.
Token Distribution and Governance
Initial token distribution included allocations for public sale (10%), team (15%), advisors (5%), ecosystem growth (40%), and company reserve (30%). Team tokens have vesting periods, demonstrating commitment to long-term growth. The project maintains transparent communication about token unlocks and usage.
Business Model Evaluation
The business model relies on legitimate exchange operations and ecosystem development, avoiding interest-based activities. Revenue streams come from trading fees, token utility services, and ecosystem expansion initiatives.
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.