1. Startups

Tokocrypto Relaunch “TokoLaunchpad”, Blockchain Startup Accelerator Program

Previously TokoLaunchpad was released in 2019 as a platform that bridges blockchain projects with the IEO mechanism

Crypto asset trading platform Tokocrypto announced the relaunch of TokoLaunchpad version 2.0 which is now an accelerator program focused on empowering startups with technology blockchain and tokenization in Indonesia. This program will be inaugurated at the end of this year, after the first time initiated in 2019.

At an early stage, BeKind (BKND) became the first startup to join TokoLaunchpad. BeKind is a project blockchain which develops a robust and measurable, evidence-based social impact/donation ecosystem through a transparent digital platform. A number of companies have partnered with BeKind, including Tokocrypto, WeCare, and others.

Tokocrypto CMO Nanda Ivens said that BeKind's potential and experience offers value unique and can provide innovation in the donation process in Indonesia by utilizing blockchain. “We really hope that the incubator program that we will run will encourage ecosystems and utilization blockchain in various industries in Indonesia," he said in an official statement, Friday (24/9).

Separately, when contacted DailySocial.id, Tokocrypto representatives still refuse to further elaborate on the differences between the current TokoLaunchpad and the previous one.

In 2019, TokoLaunchpad was launched as a platform that bridges projects blockchain with the Initial Exchange Offering (IEO) mechanism to “float” on the crypto trading platform. IEOs are considered superior to Initial Coin Offerings (ICOs), especially in terms of security. Blockchain startup developers must follow due dilligence by the buying and selling platform, of course providing a sense of security for investors who will participate in the IEO.

At that time, startup blockchain from Singapore Swipe became the first partner at TokoLaunchpad to conduct an IEO.

BeKind CEO Fajar Jasmin added that his party hopes that Tokocrypto's support in this incubation can push the IEO process according to schedule in the future The roadmap BeKind, which is at the end of 2021. "Hopefully, with collaboration with Tokocrypto, the adoption of the BKND token will expand and more people will be motivated to help each other, of course more easily and transparently, in order to produce a bigger and sustainable impact," he said.

Apart from focusing on BeKind incubation as a startup blockchain, Tokocrypto also collaborated with BeKind for the development of various CSR programs, namely TokoCare. BeKind's experience in the social sphere will assist TokoCare's development in presenting CSR programs that are measurable and appropriate for their use for the people of Indonesia.

One of TokoCare's initial projects with BeKind was the distribution of 90 oxygen cylinders in West Java and Yogyakarta, supported by WeCare and the Ministry of Industry. Through TokoCare too, in the product ShopMall, presenting funding for sustainable CSR programs in the form of NFT Charity.

This funding was taken from the NFT collection sold at TokoMall in the TKO Original category. BeKind will help with the process mapping donation program and its distribution anywhere.

Tokocrypto Chief Strategy Officer Chung Ying Lai explained that the concept of NFT Charity is a new thing offered to collectors or enthusiasts of NFT artwork in Indonesia to be able to collect artworks as well as donations. "100% of the transactions will be channeled for donations through TokoCare to help overcome social and health issues in Indonesia," he concluded.

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