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Article: Tokocrypto Launches Toko Token (TKO), a CeFi-DeFi hybrid and Indonesia’s first virtual currency project

Money, Open Governance

Tokocrypto Launches Toko Token (TKO), a CeFi-DeFi hybrid and Indonesia’s first virtual currency project

On, April 7, 2021, Binance Smart Chain (BSC) officially began trading their signature self-built “Toko Token” (TKO), Indonesia’s first local virtual currency project on Binance Launchpad, the largest virtual currency launchpad worldwide, according to Tokocrypto.

The currency was launched with $0.1 per coin with a total supply of 500 million shares and enables high-speed transactions at low fees. TKO recorded an oversubscription of 201,406 individuals with a total of 10,502,201 BNB at the launch date.

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Article: Trust The Technology: Decentralized Finance Drives Birth Of New Internet Credit Markets

Money, Open Governance, Open Source, Standards

Trust The Technology: Decentralized Finance Drives Birth Of New Internet Credit Markets

Imagine a world in which moving money is as easy as sending an email or a text message, without an institution as the intermediary or a regulator as the watchdog. As Circle CEO Jeremy Allaire told Karen Webster, it’s a world that exists today mostly for institutional investors and savvy crypto traders who have embraced the decentralized finance (DeFi) ethos — the power of software, programmable contracts and blockchain infrastructure — to create the cornerstone for a new, accessible, internet-based credit market.

According to Allaire, the combination of DeFi and CeFi — blockchain-powered payments that provide a regulated intermediary for those with a different appetite for risk — will be a critical trend to watch as the intersection of FinTechs, blockchain-based payments and finance platforms promise to bring financial services to the masses, globally and at scale.

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