In my previous article I talked about community engagement and how important it is in building a progressive and ever formidable community, tokoin after its IEO has been leveraging on this to grow in terms of community strength and as a project in general. Tokoin is that project that has left the world in great shock for weeks now, from the IEO ROI, to partnerships and community events, we shall be looking at all these and how they have contributed immensely to the overall growth of the Tokoin ecosystem.
Today I will like to enlighten us how Tokoin has made ties with the Indonesian government and how pivotal that has been for the project. I will also be talking about a just concluded event that was ran on tokoin telegram community by the Tokoin Devs, with the overall goal of keeping the community fully engaged and happy. It's the Tokoin "guess the price" challenge, we shall be taking an extensive look at this event below.
Tokoin's tie with the Indonesian government
MSMEs have been said recently to be the main founding block on which the economic structure of most nations are laid. And to this effect, government of most nations have recently been exploring ways by which they can give aid in form of financial assistance to most startup enterprise in order to help meet their financial needs.
Indonesia being the 4th largest nation in the world is out to partner with most MSMEs, and Tokoin just serves as the perfect bridge. This partnership is also important because it employs the use of technology (blockchain) to achieve this feat. Given that Tokoin is an Indonesian firm they are just the perfect feat to help bridge the financial gap between enterprises.
This partnership will give Tokoin the chance to further penetrate and expend into other ASEAN market, so it won't be surprising other government in Asia begin to seek for such similar partnership with Tokoin. Here are the 3 major Indonesian government setups that have sealed partnerships with Tokoin.
The Indonesian chamber of commerce and industry : Tokoin has been working closely with this arm of the Indonesian government since the 18th of Nov, 2018. The goal is to employ the use of blockchain technology in improving institutions across Indonesia. This partnership also makes Tokoin to link up easily with many other MSMEs in order to achieve their overall goal easily.
Ministry of industry : The partnership between these two giants started on the 19th of January this year. The DG is this division is very positive the collaboration will bring about the required change Indonesian MSME market. Tokoin aims to assist government in to reposition MSMEs and educate them on the importance of of having their enterprises integrated on the platform.
the Indonesian ministry of trade: of all partnerships with the Indonesian government, this happens to be the latest, and it was sealed in the month of June, Tokoin happens to be the first blockchain project to partner with this arm of the Indonesian government, and this gives Tokoin an edge in the MSME sector and also gives them privilege of selling their good globally.
The Tokoin guess the price challenge
The quest of the Tokoin Devs to build an ever interactive and well placed community is an undeniable fact. Tokoin has had a number of quite a number of other similar community events prior to this one and this is just a continuation of the many other before it.
On the tokoin main chat there is a game specifically organised by the developers at Tokoin after an extensive after thought, the overall goal of this event is to help spark up the community and give members the chance of earning free tokens while at it, the game on the other hand helps to create a decent level of awareness across the board for the Tokoin ecosystem as well.
The game started on the 29th of August and ended on the 4th of August, whoever guesses the price correctly will be rewarded with 100$ worth of burn tokens daily, the price of Tokoin will be determined at the point of distribution, judging by the price on Kucoin at that point. The guess hours starts from 00:00AM to 9:00 pm Singapore time daily.
If two people's guesses are the same, only the person who first guessed right will be rewarded. Assuming nobody was able to guess the price correctly, the magnanimous team of Tokoin will reward the top 3 people with the closest guess ( 10 USD worth of Tokoin tokens each), rewards will be paid directly into users Kucoin verified accounts.
Impact of the event
The last 5 days that this event span to be has been arguably the most interesting of my days with Tokoin and I am sure many others will agree with me as well, the event kept me watching the price of Tokoin closely on Kucoin, I also learnt a thing or two about TA just to enhance my prediction skills, so not only is the competition financially rewarding it also gives an extra push to learn more skills in order to get equipped for the guessing game ( TA in my case). So it suffices to say the event is as rewarding as it's educating too.
End of event
Though this event successfully ended yesterday, we can't deny that the impact was greatly felt and seeing as the feedback from the community was positive, one can only induce that they enjoyed every bit of it. I trust the Tokoin team to come up with similar event shortly to make the community even more lively and interactive in their usual benevolent and creative gesture.
Conclusion
Tokoin is community driven, and no one is going to make an argument about that. Tokoin experiments on various techniques geared at improving on their existing fame and glory, the project is not relenting on all of its glory and successes, one can only say the sky is the starting point.
USEFUL LINKS
Website: https://www.tokoin.io/
Twitter: https://twitter.com/TokoinOfficial
Facebook: https://www.facebook.com/TokoinOfficial
Author's Telegram ID: @Bulusu