Since the birth of capitalism back in the 16th century, money has been the de facto king which ruled over the global society. The central tenet of classical capitalism can be found in the free market ideology of the Father of Modern Economics i.e. Adam Smith who postulated that economic decisions are best left to self-regulating market forces. Fast forward to the 21st century, the complex web of modern day regulations particularly those in relation to the financial domain renders one to question as to whether the Smith’s free market ideology has become more of a fabled myth than an economic principle.
The conventional financial system with its seemingly never-ending bureaucratic procedural red tapes has left roughly one in three of adults i.e. 31% of the global adult population without access to financial services. To rub salt into the wounds of the unbanked, since the 1970s there has been a growing worldwide trend of wealth and income inequality due to uneven distribution of global wealth and income whereby this has led to the famous aphorism that “the rich get richer and the poor get poorer”. Although the issues of wealth and income equalities are intricate in nature involving complex social and economic considerations, it is fair to say that this issue is due in no small part to the problem of financial exclusion so much so that the United Nations (UN) has incorporated the element of financial inclusion into eight of its seventeen 2030 Sustainable Development Goals (SDGs).
The coming to the fore of decentralized finance (DeFi) which stands as the antithesis of the centralized mode of the conventional financial system has turned the tables on the status quo in the financial domain and opened the door for the unbanked to have access to financial services thereby granting them a lifeline to break the vicious cycle of income inequality. It is in this context that crypto staking comes in to democratize the financial domain by offering anyone and everyone the opportunity to earn passive income which can serve as the key to unlocking the path to financial freedom.
TKO and Moonfarm: The Nexus Between CeFi and DeFi
From the outset, Toko Token (TKO) was devised with the aim of furthering Tokocrypto’s vision of helping the global population in general and Indonesians in particular gain a broader knowledge of blockchain and to integrate the technology as an integral part of society and subsequently, the global economy. With its unique hybrid token model which combines the elements of both the centralized finance (CeFi) and DeFi domains, TKO sets out to harness the time-tested stability of CeFi together with the innovative flexibility of DeFi to offer crypto investors a platform through which they can leverage the potential of the rocket fuel of DeFi minus the attendant risks. In this regard, TKO holders are able to stake their TKOs on ForTube, BiSwap, BakerySwap and PancakeSwap thereby effectively killing two birds with one stone because on the one hand they can earn some passive income for themselves while on the other hand they would be playing their part to support the development of TKO as a central component of Tokocrypto’s ecosystem.
Due to the high demand for TKO staking facilities, Tokocrypto in line with its customer focused philosophy under which we value our customers as our partners, has collaborated with Moonfarm to offer TKO holders an additional platform on which they can stake their TKOs. In many ways, Moonfarm’s mission of bridging the gap between CeFi and DeFi is very much in line with the conceptual objective of TKO’s hybrid token model. In furtherance of TKO’s and Moonfarm’s common goal of facilitating the crossover between the CeFi and DeFi domains, Tokocrypto and Moonfarm has jointly set up TKO Pool which is currently offering annual percentage rates (APRs) of up to 16.86% and annual percentage yields (APYs) of up to 18.36%.
In addition to utilizing their TKOs to gain some passive income, the staking by TKO holders of their TKOs on Moonfarm’s TKO Pool would go a long way towards securing the market stability of TKO whereby this would be a bane for Tokocrypto’s ecosystem in general. Better still, Moonfarm’s yield aggregator is equipped with auto-compound functions which would help maximize the rewards for TKO holders who stake their TKOs on Moonfarm’s TKO Pool which allows the farming of TKOs through the staking of TKO alone without the need for any other token.
Photo: TKO / Tokocrypto
TKO x Moonfarm Collaboration
In conjunction with the setting up of TKO Pool, Tokocrypto and Moonfarm will be jointly organizing a collaboration under which USD1,500 worth of Moonfarm Finance tokens (MFOs) will be up for grabs.
Photo: TKO x Moonfarm Collaboration / Tokocrypto
Now that TKO Pool is available on Moonfarm’s multi-chain yield farming platform which has a total value locked (TVL) of USD11+ million, Tokonauts can start staking TKO to the Moon and back.
Did you know that TKO is now available on all these platforms?
Enjoy this article? Join our TKO by Tokocrypto Channels Now!
We post the latest updates on our TokoToken Channels. You also get a chance to discuss with other fellow Tokonauts! What are you waiting for? Join the Community Now!
