What is Binance Launchpad's new project Tokocrypto (TKO)?

What is Binance Launchpad's new project Tokocrypto (TKO)?

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Binance's Launchpad platform, the world's largest cryptocurrency exchange by trade volume, has gained momentum again recently. The fact that a significant number of cryptocurrencies released through Binance Launchpad have broken records actually reveals the reason for interest in this platform.

Binance Launchpad announces: what is TKO?

Binance's Twitter account announced that Binance Launchpad was the 19th. his project Tokocrypto (TKO) was announced. The TKO sale will be made using the classic Launchpad format and the amount of BNB in users ' accounts will be registered as of March 31, 2021.

Binance will monitor users ' BnB balances for 7 days, taking screenshots every day and recording them. By the deadline, the amount of BNB that users have will be determined according to the average amount of BnB for 7 days.

TKO Token sales information

In the information published about the sale of TKO tokens, the following were included.

• Launchpad Hard cap: $ 7.5 million

• Hard Cap per user: $ 20k

• Total token supply: 500,000,000 TKO

• Token supply to be sold with Binance Launchpad: 75,000,000 TKO (15% of total supply)

• Sale price on Launchpad: 1 TKO = 0.10 USD (price in BNB will be determined later)

So, what exactly is Tokocrypto, which will be sold through Binance? It appears that tokocrypto is actually a cryptop intermediate exchange.Dec. It is emphasized that the Indonesia-based cryptocurrency exchange has a unique token model compared to other exchange tokens.

In addition to its own cryptocurrency, TKO, Tokocrypto, which is a record in terms of commercial volume in Indonesia, is also expected to launch stablecoin called BIDR. On the TKO platform, users will be able to reach both the world of DeFi and the world of traditional finance with BIDR trading pairs.

Tokocrypto and NFT attack

The most notable aspect of tokocrypto is that it is the first platform of its kind in Indonesia called NFT Arcade. This NFT sector-focused initiative will be home to digital collectibles and NFTS directly.

Given the performance of cryptocurrencies previously released with Binance Launchpad and the progress of NFT-oriented projects, it can be said that TKO will attract a lot of attention. Binance Coin came close to breaking its record by reaching $ 300 again with the announcement of this news.

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