we meet again on this occasion, and next time I will review a little about Tokoin.
for more details, let's be the same, refer to the following article:
Finance is one of the instruments that can make or mar a business or venture. The lack of the necessary funds tends to reduce the chances of a startup on the broader business community. It is on this stance that bigger and established brands take advantage of the system to flourish to the detriment of the upcoming competitors.
The monopolistic tendencies from different angles buoy the inability of companies around the globe to make the most out of their ventures. For instance, many startups struggle to gain the patronage of customers. They’re also torn between building their brand’s reputation and getting the trust of financial institutions to fund their operations.
AN OVERVIEW OF THE CHALLENGE
Generally, the major challenge faced by Micro, Small, and Medium Enterprises (MSMEs) is not only hinged on funding. Although they need help to raise funds, it is also essential that they have a valid means of operation. That would not only boost their reputation but would also help investors and customers to take them seriously.
Although many of these startups have been working tirelessly to grow their brand, more efforts are needed to boost their reputation.
THE PROPOSITIONS OF THE TOKOIN BLOCKCHAIN
Blockchain is a disruptive technology that has the sole aim of fostering decentralized transactions in different sectors. The financial sector and supply chain have at various intervals, benefited from the features offered by the network.
In light of that, Tokoin opted to use the same architecture to bring revolution to the Micro, Small, and Medium Enterprises (MSMEs) industry. The robustness of blockchain and the varieties of features on Tokoin combine to trigger an overhaul in the fortunes of startups that operate on the platform.
Let’s move into an in-depth analysis of the Tokoin blockchain to understand the benefits startups/small-scale enterprises would derive by porting their services to the network.
THE REPUTATION MILESTONE
Let’s consider a scenario to understand this feature better. Let’s assume that you have a lending platform that issues loans to businesses at a stipulated interested rate. Then comes a business owner that is willing to conform to your terms provided you offer the loans. The transaction could have been successful if the business owner has sufficient information to back up the operations of his company. From your findings, the company in question just commenced operation a few months back. Would you be willing to fund such a business that is still young in the industry?
It’s not surprising that many investors would refrain from doing so. Even when they do, they will come up with almost requirements that may scare the borrower away. It all boils down to the fact that startups are considered inexperienced to weather the storm in the business setting. Aside from that, they’re just commencing; hence, they may not have many persons that could have supported them to boost their reputation.
It is on the premise of this challenge that the Tokoin blockchain set up the Digital Business Identity, which is an approach to boost the reputation of small-scale businesses on the network. The platform derives information from the transactions of these companies listed on it. With that, it builds a digital profile on the blockchain that reflects the reputation of such companies.
TOKOIN ECOSYSTEM: MAKING FUNDING EASIER
The Tokoin blockchain took the notch higher with the introduction of a credit scheme on the blockchain. It aims at solving the inefficiencies spotted in the real-world format, where investors such as banks are sceptical about issuing loans to startups. That informed the creation of the Tokoin ecosystem, which is the rallying point for the participants.
For instance, Micro, Small, and Medium Enterprises (MSMEs) are empowered to get funded by investors/financial intermediaries (banks) on the platform. The ecosystem also features suppliers, such as brands and companies that provide startups with products. Logistics companies are also part of the suppliers with the role of delivering products to startups.
THE RETAIL MARKETPLACE
It’s worthy of note that Tokoin is not just a decentralized platform for lending funds to MSMEs. It also doubles as a retail marketplace that ensures smooth transactions among the participants. Ideally, the suppliers are empowered to market their products and services to the target buyers (startups) on a B2B & B2C format.
TOKEN INFORMATION
Ticker: TOKO
Token Standard: ERC-20
Token Supply: 2 billion TOKO
Soft Cap: $8 million
Hard Cap: $25 million
TOKOIN: BOOSTING THE CHANCES OF SMALL-SCALE BUSINESSES IN THE EMERGING MARKET
Micro, Small, and Medium Enterprises (MSMEs) have been trampled upon in the conventional/traditional business setting. The neglect by financial institutions concerning funding them is one of the significant challenges that reduce the chances of these startups.
Now, the shine is about to come back too companies in this category as the Tokoin blockchain is here to reposition the industry for the best. The blockchain background and the varieties of features in the platform are geared at improving the fortunes of small-scale businesses in emerging markets.
Undoubtedly, the platform has the relevant infrastructure to perform. It is now the time for investors and suppliers to take advantage of the robust ecosystem provided by Tokoin to boost the chances of Micro, Small, and Medium Enterprises (MSMEs) in the global business community.
MORE INFORMATION:
Website: https://www.tokoin.io/
Twitter: https://twitter.com/TokoinOfficial
Facebook: https://www.facebook.com/TokoinOfficial
Instagram: https://www.instagram.com/tokoinofficial/
Medium: https://medium.com/@tokoin
Author: Rafaandika
Bitcointalk profile:
Eth address:
0x19C8eB6d14C17E2918aF2D0Bf03F649F05606598
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