Tokoin - Accelerating Growth of MSME in Emerging Markets

vnh217 (5)in #undefined • 5 years ago

MSME’s as we all are aware stands for Micro Small and Medium Enterprises and we cannot just underrate their existence and importance in the global economy. Although being faced with so many threatening challenges, still the extinction of this aspect of the world economy is conspicuously going to be disastrous because they are responsible for occupying 90% of the world’s registered businesses, hence when talking in terms of production, exports, job creation ad bridging of income gaps, we definitely cannot underrate the importance of this industry.

The Problems
Lack of financial support for start-ups: As it’s a common feature of all MSME’s that they lack strong financial support, collaterals and also enough cash inflow, this makes them unqualified to get loan from banks and
Inability to maximize data usage effectively: Data being generated by most MSMEs are supposed to be used effectively for the development of the business but most MSMEs don’t even understand these data, talk-less of maximizing its effective usage

Introducing the Solution: Tokoin
This is a blockchain based platform that is dedicated towards the creation of a trusted and reputable profile for MSMEs which will be made possible by assembling the business non-financial data into a digital identity.

Also, the problem of financial support by start us MSME’s will be eliminated by building the business reputation by utilizing the information data recorded in the blockchain network which has already been verified, this valuable data can be used by businesses as a leverage to meet up with lending requirements, hence, getting access to financial services needed for the business growth.

Tokoin ecosystem
Tokoin is a trading ecosystem highway of data distribution. By recording transactions on Tokoin, participants are all ensured a secure ecosystem of blockchain and tokens are used as a sign of credibility scoring. The partners will get the appropriate data, while users(as the downstream participants) benefit from access to business expansion and funding opportunities. The usefulness and reliability of Tokoin come in where the pathway provides a permanent record of information and transactions. Accuracy is guaranteed as every record is traceable and unchangeable. Tokoin looks to elevate economic growth by providing leverage and sustenance to MSMEs as the infrastructure of a country’s economy in the upcoming markets. Everyone of us, at a point in time, wants to be successful business owners and grow exponentially. Tokoin is definitely a trusted solution to most of MSMEs problems through establishing their reputation in the business ecosystem. Tokoin as a platform captures and processes business information from the user as a crucial asset which is a marker for the trusted reputation of the MSMEs. Users are hence able to get to inaccessible financial business services from providers that act as our partners. Tokoin bridges the gap between business and financial sectors to enable a scheme of financial incorporation. These partnerships will contribute to national economic growth.
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The Tokoin medium has so many packages which can help in the development of the Micro, Small, and Medium Enterprises thereby giving then the required confidence in the retailer marketplace.
These packages are:
Creating A Digital Identity For The MSMEs
This digital identity will stand in place of a business profile with a valid reputation when funding is needed.
Introducing To Institutions For Business Partnership
The Tokoin has partnered with several institutions which will give them access to any needed services and as this institution discovered the MSMEs of their choice, they through the medium can desire to partner with such business by granting the business necessary support.
Their MSMEs Owner, forget how many times you have tried getting fund to expand your business but proof abortive. Now, the needed help is here. Why not join the toko

How Tokoin works
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These are the users involved in the business activity of Tokoin. MSME as the data provider, submit their transaction data activity through Tokoin dApp. Tokoin process and validate the data into valuable asset. Partners can acquire the data by staking TOKO tokens.

Token
Token Name: TOKO
ICO Token Type: ERC-20
Total Token Supply: 2,000,000,000 TOKO
Token Sale: 700,000,000 TOKO (35% Token Supply)
Soft Cap: $ 8,000,000
Hard Cap: $ 25,000,000
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