Tokocrypto, a regulated crypto asset exchange platform, will build the CeDeFi project on top of the Binance Smart Chain (BSC). BSC provides a low cost, fast transaction speed, service is reliable and easy to use, which serves to empower financial products based blockchain the next generation to develop and utilize industry financial technology ( f Intech ) growing in Indonesia.

Binance, which has a vision to spread financial freedom to all, continues to support Tokocrypto, to increase blockchain adoption and encourage the penetration of BSC applications in the country. “Indonesia is one of the most active BSC communities. We hope that this collaboration with Tokocrypto will provide support to blockchain projects and promote crypto adoption in Indonesia, “said Xiaoguang, BSC Ecosystem Coordinator.

Tokocrypto will develop Indonesia’s first hybrid CeDeFi (TKO) token on top of the Binance Smart Chain. TKO the best of Centralized Finance (CeFi) and Decentralized Finance (DeFi). DeFi’s lending and passive income products could help accelerate adoption among the unbanked population in Indonesia as well as greater financial inclusion. Meanwhile CeFi offers a product that is easier to use and is more common.

To bridge the gap between Tokocrypto and DeFi users. Initially, Tokocrypto will focus on educating users about crypto finance and developing CeFi utilities, such as TKO Deposit, TKO Savings & TKO Cashback at Tokocrypto.

In addition, Tokocrypto and Binance will co-host the Indonesian Blockchain Week 2020 and the BSC Indonesia Summit on March 20, 2021. This event aims to gather industry leaders and influencers from various world-class BSC projects to participate in a series of interesting, informative and online sessions. inspiring thinking around the blockchain ecosystem.

“Binance has always been our strong supporter at Tokocrypto. Through this closer collaboration, it is hoped that it will be able to encourage crypto adoption through TKO tokens to more regions in Indonesia. This will also allow us to leverage human resources and support across the BSC ecosystem, ”said Pang Xue Kai, CEO of Tokocrypto.

Another initiative as part of this collaboration is a developer fund project to empower emerging projects and foster collaboration between Centralized Finance (CeFi) and Decentralized Finance (DeFi). The project provides funding, programs and initiatives that provide long-term sustainable economic and social benefits to the Indonesian people.

Tokocrypto is the fastest growing crypto asset trading platform in Indonesia. In addition, it is the first regulated platform in Indonesia under the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI) to encourage greater adoption of blockchain in Indonesia.

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