Toko Token (TKO), the native utility token of Tokoscape, a complete crypto 
ecosystem that spans a digital exchange (Tokocrypto), an offline community hub 
(T-Hub) and a NFT marketplace (TokoMall), will commence their latest burn in 
November 2021. This event is in line with the project's litepaper, declaring 
that the TKO burn event will take place every quarter. 

Launched through Binance Launchpad to a record-breaking reception on 7 April 
2021, it attracted over 4.2 billion USD worth of TKO committed. Toko Token 
(TKO) started as the native utility token of Tokocrypto, which is Indonesia's 
most trusted crypto assets digital exchange and also the first entity in 
Indonesia to be registered under the country's Trade and Futures Exchange 
Ministry (BAPPEBTI). 

"The quarterly TKO Burn plays a central role in balancing Toko Token (TKO)'s 
cost-push and demand-pull factors whereby this is critical to the management of 
the token's inflation rates. Blue chip utility tokens such as Binance Coin 
(BNB) and Ether (ETH) also incorporated token burning feature," said Omar 
Adrian Rozak(mailto:omar.rozak@tokocrypto.com), Head of TKO International. 

Token Burning: The Crypto Embodiment of Currency Demonetization

Token burning(https://coinmarketcap.com/alexandria/glossary/burned) is 
analogical to currency 
demonetization(https://www.investopedia.com/terms/d/demonetization.asp) though 
unlike currency demonetization which involves the replacement of an old 
currency unit with a new one, there would be no replacement for tokens which 
are destroyed as part of a token burning process. This holds the key to the 
effectiveness of token burning as an inflation control mechanism. A reduction 
in the supply of TKO would lower the inflation rates of the token, which in 
turn would result in one unit of TKO being exchangeable for a higher quantity 
of the goods and services for which the token can be traded for. Put simply, 
the second quarterly TKO Burn would boost TKO's purchasing power thereby giving 
TKO holders more bang for their buck.

Second Quarterly TKO Burn: The Lowdown

The second quarterly TKO burn will be conducted in 4 stages, starting from the 
5th of November 2021 to the 10th of November 2021. Moving forward, Tokoscape 
will be continuing to burn a portion of trading volume generated on Tokocrypto 
in order to optimize the token's value so as to maximize the investment returns 
of TKO holders.

For more information: www.tokoscape.com

Contact: 
Anindita  
anindita@tokocrypto.com  


SOURCE: Tokocrypto

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   Caption: Toko Token (TKO) 2nd Burn