AMA Recap Crypto Library with TKO


On 12th August 2021, TKO conducted an AMA in the Crypto Library Community. Our guest is Nicole Nguyen. Lots of questions as usual from the Community about TKO progress. The TKO team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into TKO.

Let’s take a look at the most interesting points of our conversation. 

Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?

Nicole Nguyen (TKO) : Hi my name is Nicole and I am the Head of International Marketing for Tokocrypto. I have been in the blockchain space since 2016, working on quite a few projects events and community initiatives in APAC and SEA. Happy to share with yo a thing or two about Tokocrypto and TKO Token today.

Tokocrypto is one of the leading crypto exchange in Indonesia and the first entity in Indonesia to be registered under the Commodity Futures Trading Regulatory Agency Indonesia (BAPPEBTI) in November 2019. Over the last three years, Tokocrypto has achieved multiple milestones including 130,000+ weekly active traders, USD60,000,000+ daily trading volume, 1,000,000+ downloads for its mobile app since its launch in October 2020, and a user base of 900,000+ registered users.
Crypto Library Team : What is TKO by Tokocrypto?

Nicole Nguyen (TKO) : Toko Token or TKO is the first local crypto project in Indonesia that offer a unique hybrid model token and combines the advantages of CeFi and DeFi.

Crypto Library Team : What are the $TKO use case, Distribution, and what benefits will tokens holders get?

Nicole Nguyen (TKO) : TKO was successfully launch so via the Binance Launchpad on 7 April 2021 which culminated in a record-breaking 50,000% over subscription from 201,406 individuals, with a total of 10,502,201 BNB (approximately USD 4 billion in value based on the price of BNB on April 7th 2021) subscribed for the launch.

Crypto Library Team : Where can we buy, trade, and stake TKO?

Nicole Nguyen (TKO) : You can buy, trade, and stake TKO in Binance, WazirX, Ellipal. We are also available on a number of CEX and DEX such as BloomX, Fortube, Pancake and Bakery Swap.

Crypto Library Team : Could you please explain a little about the TKO's NFT?

Nicole Nguyen (TKO) : Yes, sure. Tokocrypto's upcoming TKONFT platform called TokoMall, consist of the components of auction, marketplace and community, and which will be Indonesia’s leading marketplace for digital collectibles and creative assets from emerging young artists whereby TKO will serve as the backbone of the platform. The platform itself will be launched on 19th August 2021 which presents some categories such TKO Original, lifestyle, and creative. Do not miss the hype, as you can join pre-registration campaign and get total $7000 worth of TKO and 30 NFTs from well known Indonesia's local brand.

Crypto Library Team : Could you give us some information about your roadmap, your milestones, and also your future plans?

Nicole Nguyen (TKO) : In Q3 - Q4 2021, Tokocrypto will have initiatives with future collaboration with DeFi protocols to formulate innovations including but not limited to: farming pools, saving, and NFTs. And also we will build some similar function on our TokoToken (TKO) utilities that will be launch during 2021-2022. Also please don't forget to pre-register for our TokoMall here:
Lots of rewards and gifts await early birds in our TokoMall .
Crypto Library Team : $TKO is Indonesia's fastest growing digital asset exchange.What makes it fastest growing asset exchange? Is it marketing of $TKO or its other advantages over other exchange? If other advantages, then, what are they?

Nicole Nguyen (TKO) : I think of some factors that make Tokocrypto as the most fastest growing exchanges are:
  • Educational initiatives: education becomes our main focus to grow the crypto industry, especially in Indonesia. we build an aggregator portal named Tokonews and partnering with some media as contributor, our social media are very active in doing educational posts and activities, we create many crypto class, trading bareng with our community, also build partnership with mainstream and crypto media, Indonesian crypto community, universities etc through many channels such event webinar, podcast, etc.
  • Platform: the first exchange regulated by Bappebti, the first exchange registered by ISO 27017 on cloud security, the lowest trading fee, fast and stable platform, user friendly mobile apps.
Crypto Library Team : What is meant by CeDefi ecosystem? can we say that cryptocurrency is a technological revolution? is cryptocurrency related to artificial intelligence. if yes then how?

Nicole Nguyen (TKO) : A combination by traditional centralized financial organizations with decentralized financial applications, creating a CeDeFi offerings that brings the best functionality of both systems. such as seamless deployment, exchange vetted project tokens, greater accessibility, more compliant choices, low transactions cost etc. Cryptocurrency is built in blockchain technology but it is different with AI. Currently there are some on-going research to connect both technology and see how it can improve the process especially in regards to data and algorithm. 

Crypto Library Team : Tokocrypto has established itself as a leading cryptocurrency exchange and TKO has become one of the most promising cryptocurrencies around,so what's Tokocrypto's plan of action to cement its position as a leading cryptocurrency exchange and to realize the full potential of TKO?

Nicole Nguyen (TKO) : We will focus on strengthening our platform and having some additional features for the benefit of our users. Q3-Q4; Tokocrypto will conduct initiatives with future collaboration with DeFi protocols to formulate innovations including but not limited to: farming pools, saving, and NFTs. 2022 Q1-Q3: TKO Lottery and Liquidity Swap. 2022 Q4: TKO becomes the go-to holistic approach for an umbrella of CeFi and DeFi products, backed by Tokocrypto's mobile app and ecosystem.

Crypto Library Team : I used to earn a passive income through staking protocal. So does TKO have a ongoing staking programme currently so that I can join? Where Can I stake my $TKO tokens?

Nicole Nguyen (TKO) : TKO can be staked on Binance Earn, BakerySwap, PancakeSwap and ForTube with more staking options to come.

Crypto Library Team : $TKO will launch NFT which is TOKOMALL. what are the benefits of having NFT TOKOMALL while you can meet other users virtually? is there any buying and selling at NFT TOKOMALL?

Nicole Nguyen (TKO) : TokoMall as NFT marketplace will allow communities or enthusiasts to connect and collect the NFT offered by the artist they admired. You can redeem your desired NFT with some vouchers worth of TKO.
Crypto Library Team : Would TKO like to make Launchpad features in the futures? I think Exchnage + have own Token would be powerfull to have Launchpad/IDO Features (example: Binance Launchpad).

Nicole Nguyen (TKO) : Actually we are also launching our Incubator program firstly with projects in Indonesia - blockchain and NFT are now receiving a lot of attention from artists, entrepreneurs and crypto enthusiasts in the country. We are hoping to round up our ecosystem with Launchpad alike feature and empower our stakeholders including projects, investors, token holders to have more confidence in TKO and acclerate their projects. Salam to the Moon.

Crypto Library Team : What is the use of the $TKO token when the NFT #Tokocrypto is launched in the mall store and what are the next plans to do in the future?

Nicole Nguyen (TKO) : TKO token will be the backbone as every NFT showcased in the marketplace can be collected when collectors redeem vouchers worth of TKO. Additionallly we are also offering launchpad service for projects including incubator and investment with TKO. In the future we also offer more global NFT products and onboard global artits on TokoMall to increase the number and diversity of NFTs via TKO so please stay tuned!

Crypto Library Team : Reading on your Web that TKO is a dual ecosystem that includes CeFi + DeFi, can you tell us why you decided to include CeFi and what benefits this combination will bring to your users?

Nicole Nguyen (TKO) : Because we want to offer the unique model token in which by including CeFi, we can offer these utilities (Deposit, Savings, Cashback, and Platform Token) where by DeFi we can offer utilities such Staking and Saving, Lending and also Swap. So those combined ecosystem will offer the completed features for our users. Including CeFi in our product portfolio also helps onboarding crypto newbies, empowering and giving them more confidence in trying out DeFi products. At the moment crypto users account for 7% or less in Indonesia and the world so we see massive potentials and huge mandate to tap in the non-crypto community.

Crypto Library Team : What are your marketing strategies and how will you have a global expansion and adoption for your project where English is not spoken? What are your next upcoming priorities? What is in your roadmap?

Nicole Nguyen (TKO) : We are relying on a number of marketing strategies that center around empowering, educating and enticing global users. We focus on offering the right product market fit between our tokens and features to the market; providing comprehensive educational schemes through teaming up with global partners and last but not least demonstrating the utilities of the tokens via various use cases such as CeFi, Swap, NFT etc. These values speak volume even in countries that English is not spoken and we also partner with key communities and players in each major country to address any customization needed for country-specific campaigns. The next priorities will be delivering our next milestones as committed with the community. In Q3 - Q4 2021, Tokocrypto will have initiatives with future collaboration with DeFi protocols to formulate innovations including but not limited to: farming pools, saving, and NFTs. And also we will build some similar function on our TokoToken (TKO) utilities that will be launch during 2021-2022.

Crypto Library Team : Market volatility is a very serious problem. Now, can you give a brief explanation of the limitations this causes? What methods would you employ to reduce this to a minimum?

Nicole Nguyen (TKO) : At the moment still the market is hugely price-driven instead of market-driven, which would cause some drawbacks to the ecosystem development and market reception of projects that deliver long-term value instead of short-term profits. This would also require projects to have a comprehensive approach to all stakeholders including investors, users, community members etc. From our perspective, education and strategic partnership would help underline the core values of TKO and in the long run build up our organic growth and healthy community.