OVERVIEW:
These days, there are numerous business ventures which one can engage in. Some people are financially buoyant or have access to support to start a business so they don’t have problems running it in a big way, while some decided to start small as a result of the amount of capital they can access.
These set of business with little capitals are as a result of their level of earning and in most cases always face some problems when it comes to the development of their business. Basically, this is caused by their lack of access to fund and financial aid development of their business.
Getting a loan from the bank is always not feasible and herculean as there is a cumbersome procedure needed for its processing and even in the long run nothing will come out of it. For adequate growth and development of these small and medium enterprises, the innovative and result-oriented Tokoin blockchain medium was introduced to the business world.
BRIEF DESCRIPTION OF TOKOIN
Tokoin medium is a project that is put in place for the growth and enlargement of the Micro, Small and Medium Enterprises (MSME) in the current emerging markets
This medium helps to create a digital identity for businesses using the modern approach and provides MSME with the needed reputation for its acceptance by the financial and supplier institution.
The tokoin medium is the assigned medium for the development of a valuable partnership that enhances the engagement of the ecosystem that is made up of business profiles which are collectable and ensure the required profitability for the expansion of businesses.
WHAT MAKES TOKEN SPECIAL COMPARED TO OTHER PROJECTS WHICH ARE SIMILAR?
The uniqueness of the Tokoin project is in its ability to identify the associated problem with Micro Small and Medium Enterprises (MSME) and make a rapid move for the solution of the identified problem faced by merchants in this business category.
Below are some problems and their solution packaged in the tokoin project.
- Data Unavailability
An important part of this day business is data leveraging. It is very pathetic that most of the MSMEs are far behind in terms of having an understanding of the data at their disposal and how to properly utilise those data for making reliable decisions. This is no more surprising as it has become the order of the day in most MSMEs. Business like resultant and salon which are run locally mostly does not have any system of data collection.
To solve the above problem, the tokoin medium provides the MSMEs with the opportunity to establish a business profile with a good reputation. This will enhance their trust development before their suppliers, banks, and other providers of similar assistance providers. This solution helps to expose the MSMEs to access the services that were not available before. - Huge Funding Barrier
Banks these days are now extremely sceptical when it comes to lending of money to the MSMEs this is observed to be so as a result of recent financial crisis witnessed.
The banks generally believe that this category of business doesn't have a sufficient flow of cash to pay back loans. The total inclusion of MSMEs in obtaining a loan from the bank in the emerging market is extremely low as 75 percent of MSMEs does not have access to getting financial assistance.
The tokin will ensure that the MSMEs that uses the medium get easy access to a loan. This will be effected through the partnered institutions that can provide funds.
HOW TOKOIN WOULD HELP MSMES?
The Tokoin medium has so many packages which can help in the development of the Micro, Small, and Medium Enterprises thereby giving then the required confidence in the retailer marketplace. These packages are;
Creating A Digital Identity For The MSMEs
This digital identity will stand in place of a business profile with a valid reputation when funding is needed.
Introducing To Institutions For Business Partnership
The Tokoin has partnered with several institutions which will give them access to any needed services and as this institution discovered the MSMEs of their choice, they through the medium can desire to partner with such business by granting the business necessary support.
Their MSMEs Owner, forget how many times you have tried getting fund to expand your business but proof abortive. Now, the needed help is here. Why not join the tokoin medium and see the development that your business needed.
ROADMAP:
The Conceptualizers of Tokoin has taken time to outline with clarity, every milestone to form the roadmap for this project.
TEAM:
According to trusted experts in the blockchain space, the technical savvy team has been hugely responsible for the success of this project, because they consist of individuals with pedigree that are vastly experienced
FOR MORE INFORMATION CLICK BELOW:
Website: https://www.tokoin.io
Whitepaper: https://www.tokoin.io/whitepaper/Whitepaper.pdf?id=05f5c9d62d22ae24ea82
Telegram Chat: http://t.me/tokoinglobal
Twitter: https://twitter.com/TokoinOfficial
Facebook: https://www.facebook.com/TokoinOfficial
Medium: https://medium.com/@tokoin
Instagram: https://www.instagram.com/tokoinofficial
Linkedin: https://www.linkedin.com/company/tokoinofficial/
Quora: https://www.quora.com/profile/Tokoin-Official-1
Telegram User Name: @Alvanhart
Author's Bitcointalk Username: Jannyh
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1883625