Tokoin providing a transparent profile for MSMEs
Introduction
MSMEs is a generalized concept that includes small and medium-sized entrepreneurs, whose main goal is to promote their products and services, as well as the principle by which it involves a certain number of people, creating new jobs. Thus forming a powerful structure that can unite under itself more than 90% of all registered enterprises in the world. Needless to say, MSMEs accounts for over 40% of GDP from all developing countries. And this I want to tell you, significant indicators. Moreover, many experts predict an unprecedented jump in growth, which will increase the number of jobs for 600 million people, as well as increase their economic performance in the tens or even hundreds of times.
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🚀Tokoin – Accelerating Growth of Micro, Small, and Medium Enterprises in Emerging Markets! 🚀
sergeyklimenok (64) in blockchain • 3 days ago (edited)
Have you ever thought about the fact that everything around you is the result of someone's brilliant idea. This can include absolutely all the items and features, as well as services with which we exist in comfort and in the condition that we have now. Of course, it took a very long time, however, the distributors of all this have become people and their organizations, which form the so-called economic structure called MSMEs. If someone does not know what it is, I explain.
MSMEs is a generalized concept that includes small and medium-sized entrepreneurs, whose main goal is to promote their products and services, as well as the principle by which it involves a certain number of people, creating new jobs. Thus forming a powerful structure that can unite under itself more than 90% of all registered enterprises in the world. Needless to say, MSMEs accounts for over 40% of GDP from all developing countries. And this I want to tell you, significant indicators. Moreover, many experts predict an unprecedented jump in growth, which will increase the number of jobs for 600 million people, as well as increase their economic performance in the tens or even hundreds of times.
Problems
Nevertheless, such a developing direction has its own problems. Each of them has a negative impact on the overall dynamics of growth, as well as inhibits the potential of this direction. As practice shows, the most common problem is underfunding MSMEs. After all, we all know that to organize a business, to open a shop or a beauty salon need a day, and even in a very good amount. Naturally, not all entrepreneurs at the initial stage have the appropriate amount. Therefore, his only way out is a loan from a Bank or any other financial institution that is ready to provide such services.
It would seem the scheme will iron in the simplest way. But, alas! Not all countries have such a great opportunity, especially if we talk about the market MSMEs in East Asia and Indonesia in particular. It is there that the lowest level of support by banks for start-UPS is recorded. Where only 27.4% of entrepreneurs had some kind of credit history and related purchase, while only 12.8% of Indonesians received a loan from banks to develop their own business.
From all of the above, we can safely conclude that the level of support from banks relative to local MSMEs is very low, which means that the growth and development rates will be extremely slow. To change the course of this situation intends to a new decentralized project, the idea of which we are now with you and consider.
About the project and its features
The project which now will be discussed is called – Tokoin. The main idea of this project is to create a single, transparent and reliable environment profiles MSMEs with their reliable and proven reputation. You ask: "why is it necessary?"! Answer. Many bankers do not see in the face of many MSMEs decent, honest and able to pay for further financial investments by banks. Since they have a weak, and sometimes even very low level of preparation of cases, as well as all related documents. Therefore, banks are afraid to invest their money in"do not understand that." Project same Tokoin, intends to eliminate this fear, caused by lack of transparent relationships.
Thanks to the introduction of blockchain technologies into the structure of MSMEs, we will be able to contemplate new, completely different relationships, both between MSMEs and their financial service providers. All they will need is to go to the platform Tokoin and get acquainted with a particular profile of the enterprise. Where without any exaggeration will be available and structured all the necessary information for further acquaintance with a particular MSMEs.
Advantages
In fact, the advantages are obvious. Since all MSMEs will finally get a unique opportunity to be financed by financial suppliers (banks and other credit institutions). At the same time, they will be able to improve the level and quality of their business, while providing more jobs, thereby solving the problems with unemployment in their region or country. Moreover, the rapidly developing structure of Tokoin will contain a huge database based on the blockchain, where each individual transaction will serve as a building material for increasing the level of business reputation of each member, and will also become an integral part of the entire MSMEs sector.
Thus developed platform Tokoin can meet an unprecedented number of requirements for both banking institutions and their credit system, and for members of the trading activities using the leverage of trust in their purposes, fixing the value of assets internal token system Tokoin.
How does it work?
On fact register in the system Tokoin very simply! All you need to do is fill out the registration form on the platform, specifying all your personal data necessary to pass the KYC check and the related system. At the same time, in addition to personal data, you will need to fill in information about your company, which will include information about its classification, registration, location and much more. At the same time, after successful registration, you are assigned your personal business ID by which you can log in. After what about him will be able to know and other participants MSMEs in the system Tokoin, and also a range of financial organizations, eager invest their means in promising business direction.
Token
As for the internal means of communication of participants within Tokoin, it will be presented in the form of a token – TOKO. The main feature of TOKO will be that with the help of it, participants will be able to carry out various transactions, as well as receive it in the form of incentives for registration or receive for some new ideas and services offered within Tokoin. In addition, thanks to the internal token, users of the *Tokoin * ecosystem will be able to exchange data, as well as organize various promotions, which can subsequently have a positive impact on their level of reputation and activity within Tokoin. Thus, the ways users interact with TOKO is so diverse, make sure of this, you can do it yourself. To do this, you just need to look at the next slide:
If we consider TOKO from the technical side of the issue, it is generated by ERC-20 standard, and in the future, at the discretion of developers, can be converted into new network protocols. But I'm not going to talk too much about it now, all this you can find in the technical document of the project. The total number of tokens TOKO will be 2 billion units, 35% of which will be available for public sales. The remaining tokens will be reserved for the Fund, as well as its team and advisors. In total, during the public sales, the developers of the platform Tokoin, intend to collect Hard Cap in the amount of 25 million us dollars. It is this amount, according to them, they need to fully launch their platform sway Tokoin.
Tokoin – Accelerating Growth of Micro, Small, and Medium Enterprises in Emerging Markets!
sergeyklimenok (64) in blockchain • 13 days ago (edited)
Have you ever thought about the fact that everything around you is the result of someone's brilliant idea. This can include absolutely all the items and features, as well as services with which we exist in comfort and in the condition that we have now. Of course, it took a very long time, however, the distributors of all this have become people and their organizations, which form the so-called economic structure called MSMEs. If someone does not know what it is, I explain.
MSMEs is a generalized concept that includes small and medium-sized entrepreneurs, whose main goal is to promote their products and services, as well as the principle by which it involves a certain number of people, creating new jobs. Thus forming a powerful structure that can unite under itself more than 90% of all registered enterprises in the world. Needless to say, MSMEs accounts for over 40% of GDP from all developing countries. And this I want to tell you, significant indicators. Moreover, many experts predict an unprecedented jump in growth, which will increase the number of jobs for 600 million people, as well as increase their economic performance in the tens or even hundreds of times.
Problems
Nevertheless, such a developing direction has its own problems. Each of them has a negative impact on the overall dynamics of growth, as well as inhibits the potential of this direction. As practice shows, the most common problem is underfunding MSMEs. After all, we all know that to organize a business, to open a shop or a beauty salon need a day, and even in a very good amount. Naturally, not all entrepreneurs at the initial stage have the appropriate amount. Therefore, his only way out is a loan from a Bank or any other financial institution that is ready to provide such services.
It would seem the scheme will iron in the simplest way. But, alas! Not all countries have such a great opportunity, especially if we talk about the market MSMEs in East Asia and Indonesia in particular. It is there that the lowest level of support by banks for start-UPS is recorded. Where only 27.4% of entrepreneurs had some kind of credit history and related purchase, while only 12.8% of Indonesians received a loan from banks to develop their own business.
From all of the above, we can safely conclude that the level of support from banks relative to local MSMEs is very low, which means that the growth and development rates will be extremely slow. To change the course of this situation intends to a new decentralized project, the idea of which we are now with you and consider.
About the project and its features
The project which now will be discussed is called – Tokoin. The main idea of this project is to create a single, transparent and reliable environment profiles MSMEs with their reliable and proven reputation. You ask: "why is it necessary?"! Answer. Many bankers do not see in the face of many MSMEs decent, honest and able to pay for further financial investments by banks. Since they have a weak, and sometimes even very low level of preparation of cases, as well as all related documents. Therefore, banks are afraid to invest their money in"do not understand that." Project same Tokoin, intends to eliminate this fear, caused by lack of transparent relationships.
Thanks to the introduction of blockchain technologies into the structure of MSMEs, we will be able to contemplate new, completely different relationships, both between MSMEs and their financial service providers. All they will need is to go to the platform Tokoin and get acquainted with a particular profile of the enterprise. Where without any exaggeration will be available and structured all the necessary information for further acquaintance with a particular MSMEs.
Advantages
In fact, the advantages are obvious. Since all MSMEs will finally get a unique opportunity to be financed by financial suppliers (banks and other credit institutions). At the same time, they will be able to improve the level and quality of their business, while providing more jobs, thereby solving the problems with unemployment in their region or country. Moreover, the rapidly developing structure of Tokoin will contain a huge database based on the blockchain, where each individual transaction will serve as a building material for increasing the level of business reputation of each member, and will also become an integral part of the entire MSMEs sector.
Thus developed platform Tokoin can meet an unprecedented number of requirements for both banking institutions and their credit system, and for members of the trading activities using the leverage of trust in their purposes, fixing the value of assets internal token system Tokoin.
How does it work?
On fact register in the system Tokoin very simply! All you need to do is fill out the registration form on the platform, specifying all your personal data necessary to pass the KYC check and the related system. At the same time, in addition to personal data, you will need to fill in information about your company, which will include information about its classification, registration, location and much more. At the same time, after successful registration, you are assigned your personal business ID by which you can log in. After what about him will be able to know and other participants MSMEs in the system Tokoin, and also a range of financial organizations, eager invest their means in promising business direction.
Token
As for the internal means of communication of participants within Tokoin, it will be presented in the form of a token – TOKO. The main feature of TOKO will be that with the help of it, participants will be able to carry out various transactions, as well as receive it in the form of incentives for registration or receive for some new ideas and services offered within Tokoin. In addition, thanks to the internal token, users of the *Tokoin * ecosystem will be able to exchange data, as well as organize various promotions, which can subsequently have a positive impact on their level of reputation and activity within Tokoin. Thus, the ways users interact with TOKO is so diverse, make sure of this, you can do it yourself. To do this, you just need to look at the next slide:
If we consider TOKO from the technical side of the issue, it is generated by ERC-20 standard, and in the future, at the discretion of developers, can be converted into new network protocols. But I'm not going to talk too much about it now, all this you can find in the technical document of the project. The total number of tokens TOKO will be 2 billion units, 35% of which will be available for public sales. The remaining tokens will be reserved for the Fund, as well as its team and advisors. In total, during the public sales, the developers of the platform Tokoin, intend to collect Hard Cap in the amount of 25 million us dollars. It is this amount, according to them, they need to fully launch their platform sway Tokoin.
Conclusion
Of course, in addition to beautiful speeches, the developers Tokoin went much further and provided us with a ready-developed product, ready to use both in the web and in the mobile version of the project, which will be Available in the very near future. Summing up, I want to say only one thing, that the appearance of this project and its main functions, can radically transform the entire situation in the MSMEs structures. Since all his actions are aimed at the development and support of this direction, as well as decent conditions for cooperation within the system with a different number of financial structures. Where each participant can finally find the support and support of which he had long dreamed of.
No doubt, in order to delve deeper into the essence of the project and its internal processes, you will have very little of my review. Because in his words, is only a small part of all the information Tokoin that really is. Therefore, in order to fully structure all the available information, I recommend that you explore the main resources of the project, the links of which you are already looking forward to at the end of this post.
And that's it for me! Thank you for reading my article to the end and see you soon!
Official resources of the project Tokoin:
WEBSITE: https://www.tokoin.io
TELEGRAM: http://t.me/tokoinglobal
WHITEPAPER: https://www.tokoin.io/whitepaper/Whitepaper.pdf?id=05f5c9d62d22ae24ea82
FACEBOOK: https://www.facebook.com/TokoinOfficial
TWITTER: https://twitter.com/TokoinOfficial
MEDIUM: https://medium.com/@tokoin
REDDIT: https://www.reddit.com/user/TokoinOfficial
INSTAGRAM: https://www.instagram.com/tokoinofficial
YOUTUBE: https://www.youtube.com/channel/UCOncpHAzRWWjx6HBp4wAhbg/featured
AUTHORSHIP:
MY BITCOINTALK USERNAME: vickyphred
Bitcointalk URL https://bitcointalk.org/index.php?action=profile;threads;u=2224296