Eddy Christian, Tokoin COO, was in @Satoshi_Club on Telegram at 14:00 UTC, 3rd of March for an AMA.
The total reward pool was 200 USD. Here is the recap of the AMA:
Q1.
Message from @cailozma1900
The three main components that are connected through the TOKOIN are customers, businesses and ad advertisement units. Can you let us know which is role of each in TOKOIN ecosystem and which advantages can each side take from this connection?
Tokoin team has always try to bring use cases to Tokoin ecosystem, that’s how our team build token economics, in the end investors win through investment two fold, trading for the investment value and using it as a form of building and scalling their business (if they own business)
Irina Kravchuk:
How exactly can they use the ecosystem to scale the business? Can you give an example?
ECN:
simple, business cannot scale is because they face cashflow problem and they cannot get a funding from financial institution because MSME in Indonesia DO NOT have identity, their financial reporting sucks, banks DO NOT take it
ECN:
with TOkoin we build their identity and credit scoring and connect them with lenders and other services which are in our ecosystem
ECN:
we are currently developing also a program where small business can raise money based on equity from investors ourside of Indonesia, let’s wait for this BIG news
Q2
Message from @traderisthebest
How do you plan to explain such technical Tokoin to a wider audience?
ECN:
I did roadshow across Indonesia where i share value of how Tokoin through blockchain technology can scale their business, GIVE THEM THE VALUE TO GROW, that’s more important then explaining the blockchain, they need to know the value and impact on their business
Irina Kravchuk:
So basically it’s speaking in business owner’s own language
ECN:
very true Irina, we need to focus on scaling their businesses
Q3
Message from @dani_unss
What is the Future roadmap of Tokoin for next 3-4 years?
ECN:
Since we focus on credit scoring and identity, we will keep prospering the usage of a good identity and open up to more use cases and business segment, we are also developing and token offering to help small business fund raise and equity crowdfunding
Serg:
Can you tell us what are your goals regarding adoption? How many entities have joined your projects or you plan to join?
ECN:
we are working together with the largest Business to Business marketplace where they have 500,000 MSME and we already started working with a small business association where we onboard 79,000 users for our POS (Point of Sale) as the tools to collect data for credit scoring and identity
Irina Kravchuk:
That’s impressive. So at the moment you’re operating mainly in Indonesia? Do you plan on extending, working with MSME’s from other regions?
ECN:
Philippine and Vietnam are our targets, we already have partners and keep looking for more local partners there
Irina Kravchuk:
Thanks for letting us know when it’s comming, the expansion
Q4
Message from @dngo8644
Where do you see your TOKOIN product actually used for solving the real world problem?
ECN:
In managing identity for business and individuals, these are the focuses for us, from there we will solve identity issue and funding issue
Irina Kravchuk:
Can you expand a little bit on the notion of “identity”? What is this?
ECN:
in Indonesia, Small business like mom and pop shop or home industry, they do not have identity such as data, name of the business, financial reporting and legality. TOKOIN help them in building those items by digitzing their data on blockchain and keep it very secure
ECN:
same across the region such as vietnam and phillipine
Q5
Message from @typhudollar
Where does core profit come from? How will your team make TOKO become a win-win solution for both investors and platform?
ECN:
Targetted marketing ads on the platform and commission on loan disbursement
Irina Kravchuk:
So you get money only when you bring value. That’s a great business model
ECN:
that’s how we build the business model, we need to bring value for people before we make money
In PART 2 the chat was opened for 3 minutes and more than 500 questions were posted. Eddie have chosen 5 best questions and answered them.
In PART 3 we had a Quiz about Tokoin with multiple winners.
It was a great AMA as usual. For more information and future AMAs, join our Social Media channels:
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