Tokoin is a blockchain-focused company offering a comprehensive ecosystem of products and services to assist institutions in adopting blockchain technology. Their offerings include the My-T Wallet mobile payment app, T-Fi (Tokoin DeFi) for financial transactions, Frontera NFT platform, and the Tokoin Foundation (OFU Capital). However, it should be noted that T-Fi involves activities like lottery, insurance, and lending and borrowing that may raise concerns regarding compliance with Islamic principles.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Tokoin appears to have a clear roadmap for its development and offers transparency regarding its team and advisors. However, it is important to note that it is not regulated by any countries or regulatory bodies. The project seems to have a genuine product on the blockchain and a token/coin with underlying value. | Passed |
| Project | Tokoin is a blockchain-focused company that aims to provide a comprehensive ecosystem of products and services to help institutions adopt and leverage blockchain technology for their specific needs. Their one-stop ecosystem addresses various aspects of business, including technology, funding, and business development. Tokoin offers a range of services and products, including the My-T Wallet mobile payment app, T-Fi (Tokoin DeFi) for financial transactions, Frontera as an NFT platform, and the Tokoin Foundation (OFU Capital). It is worth noting that T-Fi, while part of their offerings, involves activities such as lottery, insurance, and lending and borrowing that may not comply with Islamic principles. | Failed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | TOKO is a versatile token that serves as a fundamental component of the Tokoin ecosystem. It functions as a reward token, payment token, and utility token within the ecosystem's DeFi products and NFT platform. Initially generated on the ERC-20 network, TOKO has expanded to the BEP-20 network as well. The token plays a crucial role by providing a common denominator and facilitating data transfer across the entire ecosystem. Additionally, TOKO token powers various products such as staking, lottery, and lending within the ecosystem. Overall, TOKO has multiple use cases that contribute to the functionality and operations of the Tokoin ecosystem. | Failed |
| Staking Method | Tokoin offers staking services for TOKO, providing competitive APY/APR rates with different locked withdrawal periods. This staking mechanism aims to reduce the circulating supply. The platform offers three staked plans: Start Plan, Pro Plan, and Premium Plan, each requiring a minimum of 5,000 TOKO tokens. These plans offer varying interest rates depending on the duration of the holding period. | Failed |
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