We were delighted to welcome our guest from Tokoin. The AMA took place on May 22nd, 2021 and our guest was @juspokat.
The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.
Part 1 — introduction and questions from the Telegram&Bitcointalk community
Gold Rocket | Satoshi Club: Hello, dear community! We are pleased to announce AMA with Tokoin
D. Папа Роуч: hello all! and today our guest – @juspokat ! 🤩 welcome to our club!
pokat: hi aall
D. Папа Роуч: hello! nice to have you here😊 how are you doing?
pokat: thanks my pleasure to be here to be honest
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, Welly Salim!
D. Папа Роуч: 👍 so let’s begin our AMA then! 🚀
Gold Rocket | Satoshi Club: @juspokat Introduce yourself please. How did you get to be involved in crypto and Tokoin?
pokat: Thanks
My name is Welly
I have been dumbfounded by ignoring Blockchain in the early days
Gold Rocket | Satoshi Club: Nice to meet you Welly😊
pokat: lot of my friends who was into Bitcoin earlier
believed in blockchain and richly rewarded. While I am regretting not believing in the technology before. Hence, the moment my co founders invited me to join his team for tokoin, I was so excited.
MSME and Blockchain technology was my passion now.
Gold Rocket | Satoshi Club: What is the essence of Tokoin?
pokat: a lot to be learned
that’s aa million BTC questions
😛
Gold Rocket | Satoshi Club: gold words👍
pokat: Tokoin is a blockchain project aimed at helping MSME to be successful with the assistance of technology not limited to blokchain.
Tokoin is a platform that establishes business identity as an acceptable reputation in the business ecosystem.
As a platform, Tokoin captures and processes business information from the users as a valuable asset, which, in our ecosystem, translates into a marker for the trusted reputation of the businesses, including but not limited to MSMEs, as our users.
Gold Rocket | Satoshi Club: Tell us about the benefits of your platform. How is it different from others?
pokat: This enables them to access previously inaccessible financial business services from providers, which act as our partners. Therefore, Tokoin links the business and financial sectors to launch a scheme of financial inclusion. The partnerships formed in Tokoin will subsequently contribute to the national economic growth, hence we are backed by Indonesia’s government.
I think our platform was built with a clear focus on
1. who are the customers
2. how we do that
3. tech to be used
4. the talent needed who is willing to admit if we screwed up and learn from it and move on
we are not chasing blockchain for the sake of the buzz word.
raather we are focusing in building a platform to help MSME in Developing country with technology, not limited to blockchain.
Gold Rocket | Satoshi Club: How long does it take to develop a project? What plans do you have for the future? And what can we expect from Tokoin?
pokat: i think our vision can be relatable to common folks
In 2019 Tokoin team was set up, 2020 was a tough year, We were experimenting with development teams in multiple countries (built and close few R&D centers) and we have made the decision on where the R&D will be, hence in 2021 we were able to deliver apps such as TokoPOS, Konekto, T-Wallet.
2021 will be a year that We will be going back to basic and delivering the right solutions rather than being fast. We would really like to have TOKO being used as a mainstream exchange mechanism in purchasing services and goods in our ecosystem to help MSME.
And also COVID did not help either. Kucoin being hacked was not fun as well, and lastly extravagant gas fee in erc20.
D. Папа Роуч: awesome! nice to hear it, that someone cares about technology and not only think about now getting rich quickly 👏👏👏
Gold Rocket | Satoshi Club: Congratulations! This is really very important if the government supports a crypto project! 👏
D. Папа Роуч: 👀 some of these questions we have in the first part of our AMA btw
pokat: all of our staking and ICO goes to R&D
i see
Gold Rocket | Satoshi Club: You are strong guys!💪
pokat: please keep eyes on us, tell us if we can do better and improve and pat our back too if we did a good job
Gold Rocket | Satoshi Club: Now get ready for community questions🚀
pokat: thanks
Gold Rocket | Satoshi Club: I’m sure you will love this!😊
pokat: sure
D. Папа Роуч: let’s goooo!
Q1 from Telegram user @Jonahapagu
One of the products Within Tokoin’s ecosystem is TokoPOS which is a point-of-sales application that is said to provide efficiency to run a business Blockchain Integrated Transaction System or BITS.. so how does TokoPOS application work, what are it’s features and how does it help business run an efficient Blockchain integrated Transaction system (BITS), what other importance does this application provide to business and users. Recently three features where added to TokoPOS which are “Business Resource”, B2B Buying and Storefront. can you also give a brief overview of how this three new TokoPOS features work..
pokat: thanks
these questions is as complete as it can be
lol
question*
D. Папа Роуч: good question😄😉
pokat: TokoPOS is part of the TOKOIN ecosystem to help MSME. It was made with MSME’s needs on our mind.
Its features will help you make sales, record financial transactions, register and categorize products, manage inventory, manage employees, enter discounts, and provide various payment options for customers, the idea is to allow MSME has the ability to manage their business with the help of technology
Developed nations might take this for granted, but this will be a huge help for the,
D. Папа Роуч: is your application already workable?
pokat: The BITS part will be a cheksum of transaction data stored asynchronously.
Business resource and B2B are possible due to integration with our partners
one of the biggest b2b marketplace in Indonesia
yes, it is working now
However We do not stop just there, all the goods/services entered into TOKOPOS will be published to MSME’s simple storefront. Yes, this is right, all the products will be available 24 hours a day. MSME can take orders anytime/anywhere now, they are not limited to operating time and space to offer and keep their goods and services.
Let me get a sample store front : https://tokopos.io/rumah-ceu-yati, please check and send her shop some love. #LoveYou3000
We hope this move will help MSME in focusing on what they know the best, making a great value to consumers by making great products. Please let TOKOIN help them with their technology.
And Also, TOKOIn is also working on a loyalty system to help MSME reduce their marketing budget.
A good and successful business always has one thing in common. It is a repeat customer. We are working on rewarding customer of the store front with point that can be:
Redeemed into TOKOIN, so the token can be invested/staked/ converted into fiat via exchange.
Redeemed into something to get rebate/items.
Transfer the token to each other such as donating the point to schools, charity, and more.
using points to pay for suppliers, insurance
More than that, Tokoin POS facilitates business people to create digital ledgers and digital business profiles. This data will be used as a credit rating for businesses, especially MSMEs, to gain access to financial intermediaries, suppliers and service services in the blockchain-based Tokoin ecosystem.
Hence MSME will be provided with
A Digital Identity for MSMEs that Represents a Valid Reputation (built from data from TOKOPOS)
Data to Create More Funding Opportunities (data from TOKOPOS)
Growth Opportunities for MSMEs by Bringing Business Partnerships using Konekto (will be launched by end of May)
Repeat business (Loyalty point from my T Wallet)
All of these are free of charge.
how?
We are not running an escrow business/market place, where we will hold the money businesses customers are paying for the goods and services and take some commission.
. This current practise is milking businesses’ cash flow hard. With their fund being held, MSME won’t be able to use the fund to buy inventory and their business is not getting well-off but worse.
We will allow the buyer to make payment to businesses directly first so no fund is held, MSME will be able to get the fund immediately and reinvest the funds to their business immediately.
Avaliable at :
IOS: https://apps.apple.com/us/app/tokopos/id1489462798
and Android: https://play.google.com/store/apps/details?id=com.tokoin.pointofsale&hl=en_AU&gl=US
Tokoin Ecosystems are TOKOPOS, Konekto, My T Wallet, and more to be announced.
Gold Rocket | Satoshi Club: You have very ambitious goals!
pokat: Konekto was launched last week
D. Папа Роуч: oh nice, you are available on both ios and android 👌
Gold Rocket | Satoshi Club: Thanks for sharing! @Cool_as_Ice you have to try it😉
pokat: https://play.google.com/store/apps/details?id=com.tokoin.tokobook&hl=en_US&gl=US
D. Папа Роуч: cool! more people need to try this app 😊
pokat: Konekto is in IOS too
Gold Rocket | Satoshi Club: I want to ask. you have such a huge amount of work! please tell us about the team who helps to implement all this🚀 Who is on the project team core?
pokat: https://apps.apple.com/au/app/konekto-connecting-business/id1498802843
the team is in Vietnam
give me a mins
D. Папа Роуч: no problem
Gold Rocket | Satoshi Club: and the office in Jakarta?
pokat: Jakarta will be the BD
hub
Gold Rocket | Satoshi Club: good guys! 😍😁
D. Папа Роуч: nice! i see you guys are public not anons 😁😉
pokat: nope
we are real from day 1
D. Папа Роуч: 👍 thank you for the detailed answers! ready for the next question? 😊
Gold Rocket | Satoshi Club: it is worthy of respect👍
pokat: not worthy to be honest
we are not delivering as much value as we wanted
but I am proud of our team
and our faans
fans*
this is just a first step of the journey
D. Папа Роуч: but we are sure you will do everything as you planned in the near future 😊👍
pokat: we will try
we have the teaam now
Gold Rocket | Satoshi Club: Ready for the next question?
pokat: Thanks for the time and support given to us. We are really blessed to have everyone here. I mean it, without all of you, there won’t be us. Our focus is to make Tokoin be a well-oiled machine, especially in technology and engineering. In 2019 Tokoin team was set up, with NO prize for guessing that 2020 was a tough year.
Just like a football team, we were preparing/training to be the best we can be, We were experimenting with development teams in multiple countries (built and close few R&D centers) and we have made the decision on where the R&D will be.
Hence in 2021, we were able to deliver apps such as TokoPOS, Konekto, T-Wallet. 2021 will be a year that we can reap the benefit of having a good team. We would really like to have TOKO being used as a mainstream exchange mechanism in purchasing services and goods in our ecosystem to help MSME.
We will be going back to basic and delivering the right solutions rather than being fast. We spent 2020 fixing the mistake made by prior misjudgment and mismanagement. We are in better shape in 2021 now.
sure
DEX in my T wallet is next
so TOKO coin can be traded to other tokens from inside the T wallet
or with some other way!
we are deciding on this
Q2 from Telegram user @Xusuo
Tokoin is a platform that establishes identity and reputation for MSME to access business solution, and I read that you have a digital wallet name with T Wallet. What user possible to do in T Wallet application? What are the different than other crypto wallet?
Gold Rocket | Satoshi Club: I am sure that you will be a great success!
pokat: perfect q
We are building a system to allow users to be rewarded with TOKO by cash reward. Cash reward will be given to a buyer for a purchase of goods and services in the TOKOIN ecosystem. Currently for an MSME register in Konekto, they will be given access to TOKOPOS. TOKOPOS will allow them to manage their business while having their own storefront.
remember the interaction between Konekto, TokoPOS and store front.
Wallet will interact with TOKOPOS and Store Front
We are developing a system to take payment in this storefront and rewarding the buyer with points. Reward points an be spent as payment for services/goods from MSME.
Gold Rocket | Satoshi Club: In which countries can I use this?
pokat: point that can be:
Redeemed into TOKOIN, so the token can be invested/staked/ converted into fiat via exchange.
Redeemed into something to get rebate/items.
Transfer the token to each other such as donating the point to schools, charity, and more.
D. Папа Роуч: are buyers getting TOKO tokens immediately after purchase was done?
pokat: Currently Indonesia
but we will expand to others
currently this is the next milestone for the tokopos and wallet
Gold Rocket | Satoshi Club: Perhaps Europe?
pokat: maybe
never sya never
say*
It is the first official digital wallet from Tokoin where you can store and transfer your TOKO token. Besides TOKO, you can also manage multiple cryptocurrencies including Bitcoin and Ethereum.
Check your balance, transaction history, and securely send and receive cryptocurrencies in this all-in-one crypto app!
Pony features include:
– Store Token
– Send Token
– Receive Token
– View Transaction History
– Add Multiple Wallets
– Event
– Program
Crypto Token includes TOKO, Bitcoin, Ethereum. And I forgot , there is BNB too.
We will be working on adding DEX into this.
Thanks for all of the feedback about My-T wallet. It is not a perfect product yet, and needs constant love from the developers. It is like a little child who is constantly learning. We are currently working on supporting TOKO in the BEP20 network to accompany ERC20 due to the high gas fee. We are in discussion with Kucoin to get both BEP20 and ERC20 of TOKO swapped easily. Please wait for more updates on DEX and more. We discussed these internally but we are not able to work on this right now, but this will be the next, so the TOKO token can be paired with another token instead via CEXes only.
However, We will be using My-T wallet as a place for users to use their points earned from the TOKOIN ecosystem. The points can be
1. Redeemed into TOKOIN, so the token can be invested/staked/ converted into fiat via exchange.
2. Redeemed into something to get rebate/items.
3. Transfer the token to each other such as donating the point to schools, charity, and more.
4. More…
Avaliable at :
IOS : https://apps.apple.com/us/app/tokoin-my-t-wallet/id1489276175
Playstore: https://play.google.com/store/apps/details?id=com.tokoin.wallet&hl=en_AU&gl=US
D. Папа Роуч: so T Wallet only for storing TOKO tokens or it does support other cryptocurrencies as well?
pokat: currently BTC,ETH
BNB
we are adding TOKO (BEP20)
to help with the extravagant gas fee of ETH
D. Папа Роуч: gotcha!
Gold Rocket | Satoshi Club: Thank you very much for your answers! Ready for the next question?
pokat: we are flooded with daily request from use
about failing transaction due to low eth gas fee
hence we are working hard to add BEP20 version into it
sure
D. Папа Роуч:
yeah that’s a common problem nowadays 😄
Q3 from Telegram user @victorogb
A couple of days back, Tokion announced an event called the “Forgive Me Body and Soul Program” as a means of last resort for holders to exchange their old TOKO tokens to the new ones. Such swap or token exchange programmes, raises the question of project security especially among potential investors. Therefore, why was it necessary for Tokion to issue a new set of TOKO tokens? Also, as part of the programme, Tokion would only exchange as much as 50% of a holder’s old tokens to the new ones. Why would the swap be limited to only 50% of a user’s old TOKO holdings, and what are the requirements to carrying out this swap?
pokat: This is not so fun question
haha
This is due to the previous incident with Kucoin.
token was stolen from kucoin
We invalidated all of the old tokens from the old Smart Contract to make sure Hacker cant use them
D. Папа Роуч: ohh got it, this is why you conducting a token swap
pokat: We worked closely with community for this swap
i guess we are communicating with users for few months
we know the hackers address
so we can reject it
Gold Rocket | Satoshi Club: Oh! It’s so pity 😳
pokat: however
some users forgot to swap their old tokens
despite our effort to remind them
so we are left with constant request to help them swap their token
this is like opening a can of worms
it will be hard for us to know
the real userrs or thieves
hence we are only allowing 50%
it has been a while
so while we want to make erveyone happy
we cant afoord to do thta
if we focus to swap all fogotten tokens
D. Папа Роуч: so users still can swap their old tokens? so there is a some deadline after that swap would not be available anymore?
pokat: we wont be able to focus in developing new products/services
and current investors will be neglected
ya, however I am not sure
if the deadline has passed or not
i believe it has
so yeah
sorry for some real users who forgot to swap again
D. Папа Роуч: okay, gotcha! thank you for answer and info, i know token swap to a new contract is a always not an easy thing to manage
ready for the next question?
Gold Rocket | Satoshi Club: thanks for the answer😊
D. Папа Роуч: we will proceed to the next question then 😉
Q4 from Telegram user @belkysgonzalez
On your website you mention that the $TOKO token will be entering the BSC blockchain. Why did you take this decision? Are there aspects of $TOKO that you think will improve with this migration? You even published a BSC roadmap for may and early june, so is this conversion already being executed?
pokat: OMG
i cant see the question
until i refresh
so sorry
D. Папа Роуч: probably some issues on telegram side
pokat: We are working on this. We are working on moving our ERC20 token features into BEP. We will have the SWAP system ready soon on our wallet, so our users should not be spending heaps amount of money for just a gas fee.
it will be released soon
some issue are still being worked on
D. Папа Роуч: what about other blockchains? are you looking to connect TOKO with chains like solana or polkadot?
pokat: they are interesting
but we will take it a step at a time
i would like to refocus our effort
to build a system to help MSME
D. Папа Роуч: good approach 👍
pokat: and also getting more r&D in blockchain
need to be balances
else
we will just be another hype company
Gold Rocket | Satoshi Club: Sounds good👍
throwing all those cool shining blockchain train
without real value to users
D. Папа Роуч: yeah i know what a you talking about 😉lots of projects now want to integrate as more chains as they can, without real value and reasons
Gold Rocket | Satoshi Club: Thanks for the answer! ready for the next question?😊
pokat: yes
they might know something we dont
or we know something they dont
lol
but i believe this is the approach to the moon
Q5 from Telegram user @Ruttiee
Data is key for a business to get sponsors or investors and most MSMEs store years of business data in hardcopy format, when such businesses register on Tokion Ecosystem,how will their data be migrated to the Tokion Ecosystem?Are there security measures in place to keep MSMEs data safe and secure during data migration and afterwards?
pokat: thanks
while We love to have as many data as we can
but…
every old data imported
will have their own quirk
format
pattern
every data need to be cleaned
corrected
and this is a massive effort
We won’t migrate their current data, there will be too many permutations (aka efforts) to be worked on by our team, hence the data will be obtained from TOKOPOS (new data).
too many data entry
data massaging
so, data will be coming only from TOKOPOS in the format we understand
Yes. It will be secure to our best effort and audited frequently.
We worked contsantly
with our new Advisor
Johnny CEO of Kucoin
who has experienced security exploit
he owned the issue, apologized to community
D. Папа Роуч: that’s cool! i have read on your medium about this today 👍
pokat: face them
and learn from them
we are learning from him!
Johnny will be invaluable advisor to us
Gold Rocket | Satoshi Club: this is a great mutually beneficial coloboration! 👍
pokat: yeah
it takes avengers to beat thanos
lol
Gold Rocket | Satoshi Club: Thanks for great answers
pokat: unless u r star lord
lol
Gold Rocket | Satoshi Club: Ready for the next question?
pokat: sure
D. Папа Роуч: the last question from part 1
Q6 from Telegram user @kimterbear
I read on your roadmap about the CassMed. Considering today’s pandemic, how do you think the launch of CassMed will serve as a helping hand to our medical institutions and frontliners to have a secure medical record? On quarter 3, you mentioned CassMed again and its expansion. What particular institutions will be Tokoin’s beneficiaries? Will you be able to partner with medical institutions around the world?
Gold Rocket | Satoshi Club: Absolutely😉
pokat: Healthcare is a huge concentration around the world however Tokoin is taking extra careful on the development side,to re-prioritize our roadmap,there will be more updates coming.
https://neoclinic.id/ is interesting though
we were discussing with Neo Clinic
D. Папа Роуч: nice! what will be your future plans by the way? which areas you will explore in 2021?
you can share your roadmap with us?
pokat: please look forward to our updated white paper soon
Part 2 — live questions from the Telegram community
Q1 from Telegram User @Derazy
One of Tokoin Ecosystem is My T Wallet which is caught my attention for the great features. Do we need KYC for account? Or what do we need to prepare to open an account at T Wallet?
pokat: yes
Q2 from Telegram User @Karoceh
I see that the Tokoin team comes from Vietnam, but why does the reward point system for storefronts only apply in Indonesia? Will we see a storefront in Vietnam or another country?
pokat: we are working with the market we are familiar first
Q3 from Telegram User @ngunyenkangacengraisomeneng
And is TOKOIN planning to burn / buy back the tokens? To increase the selling and trading value of your Tokens?
pokat: yes, we did
Q4 from Telegram User @Pokerlight
🚀 I just realized that Mainly Tokoin offer its services to Indonesia, so have you considered expand to more countries and create local communities?
pokat: yes, all developing countries
Q5 from Telegram User @RamonPila25
At the health and economic level, many Latin American countries are currently considerably behind other countries. Do you think your ecosystem would be applicable in LATAM countries?
pokat: yes, through partnership
Q6 from Telegram User @JoanaZ
➡️One of the criteria designs of Tokoin is reduced the high barriers of funding, so that means that your Target market are small businesses?
pokat: all business who are out of touch with technology hence they do not have score of the business.
Q7 from Telegram User @drfatimakhalid
PARTNERSHIP & COLLABORATIONS are the backbone in making every project more widespread. Can you list some of ur partners with us?
Pokat: We are talking with a few, we will be announcing when we are signing the dots. So far we have explore talking with other companies
Energy industry
Credit Card companies
Vending machines
Gaming companies
B2B marketplaces
Government agencies
Exchanges
More
Q8 from Telegram User @KASG95
You mention that Tokoin becomes the solution to the problem for companies, but what “problems” are you really referring to? These problems can only be solved with Tokoin? or only you provide better efficiency?
pokat: not really, the problem we are solving are not new. They require education of users/companies hence this is hard.
Q9 from Telegram User @Razor2vnz
Bitcoin and ethereum are already accepted as a payment method in many places, but they are rarely used, what is the proposal of Tokoin to encourage TOKO as a practical, real and attractive payment method?
pokat: by making point system that can be used as medium of payment. These point can be redeemed into toko too.
Q10 from Telegram User @doithay1617
🙋♂️ Hello @juspokat !
In roadmap 2021, in Q3 I saw Konekto and TokoPos expansion to Vietnam, is it real? (I come from Vietnam) And how does Tokoin plan to expand globally?
pokat: unfortunately not yet, but our team in Vietnam is excited.
Part 3 – Quiz Results
In the final part we tested your knowledge in terms of Tokoin. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
For more information and
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