Tokocrypto is a digital token associated with Tokocrypto, one of Indonesia's cryptocurrency exchanges, and is native to the BNB Chain ecosystem. The TKO token was introduced through an Initial Exchange Offering (IEO) conducted on the Binance Launchpad, placing it within the broader Binance-affiliated portfolio of projects. As a utility token issued by an Indonesian trading platform, TKO is designed to support functions within its native exchange ecosystem, such as transaction fee discounts, participation in platform activities, and other user benefits tied to the Tokocrypto service. The project is also part of the YZi Labs (formerly Binance Labs) portfolio, reflecting its alignment with initiatives connected to that investment network. TKO operates on BNB Chain, a blockchain known for hosting decentralized applications and exchange-related tokens, and fits within the category of exchange-based tokens developed for regional crypto markets in Southeast Asia.
Taiko, an Ethereum layer-2 rollup, lost roughly $1.7M to an exploit, with the attacker already moving $189K in TKO to MEXC while still sitting on $1.52M in ETH.
Tokocrypto will be undergoing IEO via Binance Launchpad: more info at https://www.binance.com/en/support/announcement/4620c8a2a87c42978519750964af7aa4.
Tokocrypto (TKO) is categorised as: BNB Chain Ecosystem, Binance Launchpad, YZi Labs (Prev. Binance Labs) Portfolio.
The official Tokocrypto site is https://www.tokocrypto.com/.
Most recent Tokocrypto coverage: "Taiko Exploited for $1.7M; Attacker Sends 189K to MEXC" — read at /en-US/a/taiko-exploited-for-17m-attacker-sends-189k-to-mexc.
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