Tokocrypto-TomoChain Establishes Strategic Cooperation

in blockchain •  6 years ago 

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In order to push the industrial revolution based on blockchain technology in Indonesia, Tokocrypt conducted a strategic collaboration with the blockchain development company, TomoChain.

"The collaboration is a manifestation of our understanding of the potential of blockchain technology in Indonesia. We have signed it in a memorandum of understanding on Thursday, March 28, 2019 ago. This is a strategic collaboration with TomoChain, a blockchain platform that is faster, more efficient and can be easily adjusted by programmers. Through this collaboration, Tokocrypto hopes to encourage the implementation of blockchain technology in Indonesia for the broader public interest, "said CEO Tokocrypto Pang Xue Kai.

Kai said, this collaboration is in line with Tokocrypto's business strategy through the Tokocrypto Ecosystem program, where one part is the Tokocrypto Launchpad Initiative. Launchpad helps local and foreign blockchain projects to develop and connect their projects to the Indonesian public.

"As a crypto asset exchange in Indonesia, Tokocrypto continues to develop to provide the best for its users. In the near future, Tokocrypto will become the Regional Stablecoin Gateway by launching 5 new coin points. At present, Tokocrypto has also launched a private trading feature, which allows premium and institutional transactions in large volumes through over-the-counter (OTC) transactions with zero rupiah transaction fees.

Meanwhile, TomoChain's Founder and CEO Long Voung believes that blockchain technology can not only change the face of the financial industry. However, the blockchain can be applied in other sectors.

"Established in 2016, TomoChain designed a platform so that developers have access to quality blockchain infrastructure. Eventually this will open up new opportunities. Another thing, TomoChain wants to be a major player in publishing tokens and developing dApps (decentralized applications) that run on peer-to-peer networks with automatic protocols, "Voung said.

"I believe we are able to increase the TomoChain blockchain capabilities in the next 3-5 years. Our main goal is to allow the blockchain to handle 30,000-40,000 transactions per second, or the equivalent of what Visa does, "said Son Nguyen, Co-founder & CTO of TomoChain who was present at the signing of the memorandum of understanding.

2019, Tokocrypto Sells More Digital Assets

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Tokocrypto will display more new digital assets in 2019. "There are at least 20 next year," said Founder & CEO Tokocyrpto Pang Xue Kai in Jakarta last week.

It's just that Kai is still reluctant to disclose any digital assets that will be listed "Now it can't be published before listing," he said.

At present, this digital asset exchange operating since April 2018 has four crypto in its sales list, namely Bitcoin, Ether, Ripple and Digix.

In addition to adding new criteria, Tokocrypto also has a series of plans next year, such as opening branches in various cities in Indonesia such as Manado, Papua and Balikpapan. This year, Tokocrypto representatives already exist in Jakarta, Bandung and Yogyakarta. Tokocrypto will also hold In Block again in 2019. Previously a similar event was held in September 2018.

In addition to expansion, Tokocrypto will also add new features next year, namely token to token transactions. At present, new transactions are carried out by rupiah with tokens or vice versa. source.tokocrypto-tomochain

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