T.K.O Summit 2021: APAC’s First Crypto Outlook Initiated by Tokocrypto

T.K.O Summit 2021 will be held on July 24, 2021 for approximately five full hours by presenting global crypto projects such as Binance, CoinGecko, Kardiachain, KryptoGo, Tomochain and many more.

The multimillion-dollar question now is – what’s next for digital currencies? The answer will be found in Asia. The likely outcome in Asia is that the trend becomes the norm. China is leading the world in central bank digital currency deployment, along with Cambodia, while Singapore has cautiously positioned itself to be a major player using a different approach. In each case, Asian economies are on the cutting-edge of innovation, while avoiding the pitfalls of Bitcoin by ensuring government sovereignty over currency, not having a common currency with other economies and allowing for the supply of their currencies to be adjustable.

Indonesia stands out as it has the largest economy in this region. The importance of financial inclusion for the socio-economic growth of developing countries such as Indonesia can be gleaned from McKinsey Global Institute’s report titled, “Digital Finance For All: Powering Inclusive Growth in Emerging Economies.”

Analysts estimate that improvements to the rates of financial inclusivity could add up to $3.7 trillion from 2016 to 2026 in terms of the gross domestic product (GDP) of developing countries. The role of financial inclusion for developing countries such as Indonesia is especially critical due to the seemingly never-ending economic onslaught of the Covid-19 pandemic.

With Indonesia being the world’s largest archipelago, comprising more than 17,000 islands, securing access to financial services for the masses in the country – particularly those living in remote areas – is a logistical nightmare due to conventional financial frameworks. Yet at the same time, the nexus between financial inclusion and socio-economic growth is very much an incontrovertible fact.

It was against this contextual backdrop that Tokocrypto, which is the first entity in Indonesia to be registered under the Commodity Futures Trading Regulatory Agency Indonesia (BAPPEBTI), took up the challenge of leveraging cryptocurrency to promote financial inclusion as a remedy for the country’s Covid-19 battered economy.

Hence on April 7, 2021, a crypto star was born as Tokocrypto officially began the trading of its Toko Token (TKO), the world’s first cryptocurrency with a unique hybrid token model that combines the best of centralized finance (CeFi) and decentralized finance (DeFi) to accelerate the promotion of financial inclusion among the Indonesian population.

TKO boost for Indonesia’s financial inclusion challenge

Given the utility of TKO as a financial inclusivity tool, it is of little surprise that there has been a hugely positive market response to the launch of the token on the Binance Launchpad which resulted in a record-breaking 50,000% over subscriptions from 201,406 individuals, with a total of 10,502,201 Binance Coin (BNB) (approximately $4 billion in value based on the price of BNB on April 7, 2021).

The market demand for TKO was so strong that the launching price of $0.10 per token shot up by 3,000% in a mere 30 minutes after its launch. Although TKO has started out as an exchange token, its roadmap envisages that by the fourth quarter (Q4) of 2022, TKO can fulfill its potential as a financial inclusivity tool. By offering an umbrella of CeFi and DeFi products, it can leverage the stability of CeFi and the innovation of DeFi backed by Tokocrypto’s mobile app and ecosystem.

Reaching for the skies with T.K.O Summit 2021

In conjunction with the increasing popularity of cryptocurrencies in Asia, Tokocrypto is aiming to lead crypto initiatives across Asia by bringing together crypto communities and enthusiasts. T.K.O Summit 2021 is set to take the region’s crypto sphere to unprecedented heights.

Tokocrypto is collaborating with partners from multiple countries to advocate a cross-regional educational and industry collaboration. The event comprises a series of panel discussions among leaders of the crypto markets in various Asian countries who will cover various talking points.

The T.K.O Summit 2021 (Total Kripto Overview) will also focus on the introduction of the TKO token utility, Indonesia’s first local token project with CeFi and DeFi utilities – one of which is the non-fungible token (NFT).

T.K.O Summit 2021 will be held on July 24, 2021 for approximately five full hours by presenting global crypto projects such as Binance, CoinGecko, Kardiachain, KryptoGo, Tomochain and many more.

Set for July 24, 2021, the T.K.O Summit 2021 will be the first APAC crypto outlook event and will be organized in the form of a region-wide webinar. It will harness the quadruplicate force of key elements: industry outreach, network connections, constructive engagement and hyper-awareness.

Pang Xue Kai, CEO of Tokocrypto, said,

“The event will involve the participation of leading crypto organizations from across the industry, ranging from crypto exchange and wallet operators, blockchain platform service providers and RegTech advisory consultants. T.K.O Summit is going to be a regular educational initiative by TKO and Tokocrypto to drive blockchain adoption and crypto space for Asia.”

The lineup will be led by Binance’s co-founder and CEO Changpeng Zhao, together with Tokcrypto’s co-founder and CEO Pang Xue Kai, as well as a host of prominent figures from Asia’s crypto sphere including TM Lee, co-founder of CoinGecko, and Mai Fujimoto, co-founder of Miss Bitcoin (Japan), and many more.

Crypto troopers, be sure to mark your calendars for July 24, 2021. We hope you can be part of T.K.O Summit 2021 and may the quadruplicate crypto force be with you.

This event will be streamed live on Tokocrypto’s YouTube channel.

For more information about T.K.O Summit 2021, click here.

To register for T.K.O Summit 2021, click here.

About Tokocrypto

Tokocrypto is Indonesia’s number-one most trusted crypto assets digital exchange. We are the first entity in Indonesia to be registered under the Trade and Futures Exchange Ministry (BAPPEBTI). Formed by a group of crypto enthusiasts who are strong advocates of the benefits of blockchain technology, our current goal is to help Indonesians gain a broader knowledge of the industry and to integrate the technology into the society and, subsequently, the global economy.

Established in late 2017, Tokocrypto recently joined hands with Binance, the world’s largest cryptocurrency exchange, to upgrade our platform to Tokocrypto v2.0 with the latest technology and security. This will allow our users to create their own alternative finance in an efficient, transparent and scalable manner with industry-grade security and liquidity. Whether you’re a first-time investor or a professional trader – Tokocrypto has got you both covered.