Crypto Investment Platform Pintu Launching the "PTU" Token

Crypto trading and investment platform Pintu officially launched Pintu Tokens (PTU). For the initial stage, new users can trade PTU crypto assets on the platform Pintu, FTX, and ByBit.

In his official statement, Founder & CEO Pintu Jet Soetoyo said that the presence of PTU can help support the rapidly growing crypto asset ecosystem in Indonesia. In addition, it also complements the crypto asset ecosystem that is already available in the application.

Now, Pintu has recorded more than one million users with more than 30 crypto assets traded on its platform.

"We believe the number of crypto asset investments continues to increase, where since the presence of Pintu in 2020 we experienced positive growth. This growth cannot be separated from the role of the community who trusts Pintu as a platform for investing in crypto assets," said Jeth.

PTU is a crypto asset investment token that is presented to support the development of the application ecosystem Pintu. going forward, Pintu will expand the availability of PTU in various partners exchange other.

The token is built on the Ethereum ecosystem and uses the ERC-20 standard with a total maximum supply of 300 million tokens in circulation. Jeth said that the PTU designer has a strong background of experience in building blockchain-based projects, and is committed to developing the crypto industry in Indonesia through applications. Pintu.

Furthermore, users will get various benefits by holding PTU assets, ranging from bonuses from the referral program, quotas for sending crypto assets via email blockchain for free, to various other bonuses from the organized campaign Pintu.

"We hope to strengthen the PTU user community with the availability of PTU along with the value and benefits it provides," he said.

For your information, Pintu is an application-based trading and investment platform for crypto assets mobile devices which is claimed first in Indonesia. Pintu has been officially registered and licensed by the Commodity Futures Trading Regulatory Agency (BAPPEBTI) and the Ministry of Communication and Information Technology.

Previously, in August 2021, Pintu also just announced the gain series A+ pendanaan funding of $35 million or the equivalent of 503 billion Rupiah. The round was led by Lightspeed Venture Partners, and supported by Alameda Ventures, Blockchain.com Ventures, Castle Island Ventures, Intudo Ventures and Pantera Capital.

Crypto market potential

Indonesian people's enthusiasm for crypto assets continues to grow from year to year. It can be seen from the high interest in the Indonesian market for crypto assets, such as Bitcoin, Ethereum, and Cardano.

To encourage the enthusiasm of the community and crypto community, many crypto trading and investment platforms are launching their own tokens, such as the Toko Token (TKO) crypto coin and Kala Coin which will be able to compete with other tokens on a global scale.

The government also welcomed this enthusiasm by setting up a special exchange for Indonesian crypto assets at the end of 2021. Based on the latest news, CoFTRA has prepared as many as 229 types of crypto assets that can be transacted at 13 crypto asset traders registered with CoFTRA

Based on data from the Ministry of Trade, the value of crypto asset transactions in Indonesia reached IDR 478,5 trillion from IDR 65 trillion in 2020. Meanwhile, the number of crypto users was recorded at 7,4 million, a double increase from the previous year of 4 million.