TKO’s crypto assets shot up 3000% in the first 30 minutes of listing on TokoCrypto

ILLUSTRATION. Crypto asset trading application from Tokocrypto.

Reporter: Danielisa Putriadita | Editor: Yudho Winarto

KONTAN.CO.ID – JAKARTA. The development of crypto assets in Indonesia continues to grow significantly. In fact, the launch of crypto currency originating from a crypto asset trading platform from Indonesia is also in demand.

Tuesday (7/4), the crypto asset trading platform TokoCrypto launched a Token Shop (TKO) by utilizing the Binance Launchpad feature and being built on the Binance Smart Chain (BSC) technology.

Teguh Kurniawan Harmanda Chief Operations Officer Tokocrypto confirmed that since TKO was launched on Launchpad on March 30, 2021 and Initial Exchange Offering (IEO) a few days ago, TKO managed to create a new record of 10.5 million BNB, which is equivalent to US $ 4.2 billion with 201,406 participants.

Also Read: Tokocrypto officially launched a Token Shop which provides a hybrid token model

TKO also experienced an increase of more than 3000% in the first 30 minutes when listing on TokoCrypto. TKO is ranked 233 on coinmarketcap. Friday (9/4), at 20:40 the price of TKO is around Rp 32,200.

Harmanda said that this local crypto project will be the first in Indonesia. “TKO provides a unique hybrid token model and combines the advantages of the two worlds in blockchain,” said Harmanda.

TKO can also be a solution for financial services and other areas such as supply chain management, privacy, data protection, and artwork through Non-fungible Token (NFT).

In the long term, Harmanda projects that the demand for TKO will increase along with the many initiating functions that TKOs can perform. First, TKO can become exchange platform token in trading fee discount, airdrop entitlement, merchandose redemption, and others.

Second, TKO can function as participant in deposit & savings, such as TKO deposit, TKO savings, and TKO cashback.