The 21st century is a time in which so many aspects of life have gotten modernized through technological breakthroughs, and this can be seen in businesses. For example, businesses no longer need the amount of man power they used to, as a machine can perform the job of 20 humans with more efficiency. This is shows how far technology has grown into all sectors of life, and when we talk about technology, it is practically impossible to ignore blockchain technology. Blockchain technology has also grown into the lives and businesses of many around the world, to the extent that some businesses actually function with the aid of blockchain technology. When it comes to businesses, there are various levels of businesses which include the MSMEs ( micro, small and medium enterprises), then the large firms, limited firms, public limited company.
These companies never really started from the top, as most companies begin from a micro scale, before attaining the plc level, growth takes time and proper use of opportunities. It is well known that most msme businesses do not succeed due to various hindrances or challenges met along the road to success(not necessarily bad planning) , but how long will this go on?
WHAT TOKOIN STANDS FOR
Tokoin project with the blockchain technology is determined to change the rate at which these msmebusinesses grow by improving their growth rate through their protocol. You may ask how is that possible? Well permit me to go further
The Tokoin protocol will bring about business data collection through cryptography and storage on the blockchain, where all data are stored on blocks. Transactions carried out on Tokoin are recorded and hence used in rating and grading users to increase trust levels, relevant data needed for partnerships will be easily accessible, while users will be able to get access to capital needed to run their business or expand their business in the case of MSME . Tokoin and your combined effort of good scoring(trust) will bring your business to the fore front and enable better access to the much needed growth and expansion.
To go further talking about data stored on Tokoin, it is to be stored in a decentralized manner, meaning data will be safe. For MSMEs to benefit from the Tokoin ecosystem, they have to get registered on the Tokoin dapp and set up their business profile professionally and work on boosting the reputation of that profile which has been set up, through confirmed transactions with customers that is noted and stored on the tokoin ecosystem. To be a partner or run a partnership, you have to stack token which then will bring about access to check credibility of businesses or future clients. Tokoin links msme to opportunities that would surely lead to expansion and growth.
The project is based on the blockchain network, and has a naive token known as the toko token which is based on the ethereum blockchain and is already traded across exchanges with good volume and liquidity. The took token is very useful in the tokoin ecosystem and hence has to be readily available to be bought and sold, change hands(trading)
CONCLUSION
The tokoin project is one that will bring about more partnerships , promote better ecommerce and all in all bring about more adoption to the crypto space as lots of offchain businesses after finding out the benefits attached will have no choice than to come onchain and better their business with tokoin. For the traders, toko token can also be traded across exchanges, with enough liquidity and trade action.
Need to know more about the project
WRITER'S INFORMATION
Writer's name :- Iyke