3 Reasons Why Tokoverse is the Crypto Home of Web 3.0
With decentralization as its central tenet, Web 3.0 aka the Semantic Web is set to pave the way for the deployment of the Internet with greater ubiquity, by connecting the automated interface of various devices between each other as well as with the users themselves through wearable devices. With this, Web 3.0 is set to take digital connectivity to the next level.
The Promise of Decentralization
At this point of its development, the decentralization ideals of Web 3.0 seem to be of more form than substance. According to Chainalysis’ State of Web3 Report, less than 1% of the holders ten major decentralized autonomous organization (DAO)s’ governance tokens have 90% of voting power. Case in point is the Solana vote in June 2022 in relation to the taking control of a whale’s account which was then holding roughly USD20 million worth of Solanas (SOLs) whereby about 1 million of the total of 1.1+ million votes came from a single user.
Nonetheless, decentralization is certainly the way to go. As the CEO and co-founder of Binance, Changpeng Zhao aka CZ puts it, “I think in five or 10 years, decentralized exchanges will be bigger than centralized exchanges… I would say maximum, in 10 years, DEXes [and] DeFi are going to be bigger than CeFi.” Besides DeFi, decentralization is also the backbone of the Web 3.0-based NFT creator economy.
Tokoverse: The Crypto Home of Web 3.0
As an avant-garde crypto ecosystem, Tokoverse is always at the forefront of cutting-edge innovation and it is no different when it comes to the development of Web 3.0 and here are 3 reasons why Tokoverse is the crypto home of Web 3.0:-
Reason #1 — Decentralization of the Layer-1 Blockchain for Tokocrypto’s Exchange
With Binance Smart Chain (BSC) which serves as the Layer-1 blockchain for Tokocrypto’s exchange having been rebranded earlier this year as Build and Build (BNB) chain i.e. a community-driven, decentralized blockchain powered by the BNB token, the wave of decentralization is already sweeping through Tokoverse.
Reason #2 — Toko Token (TKO)’s DeFi Staking Features
Tokoverse’s native utility token, TKO operates using the Proof-of-Stake (PoS) consensus mechanism thereby providing TKO holders with the option of staking their TKOs on the various platforms with which the token has been integrated. TKO holders can learn more about how to stake their TKOs here.
Reason #3 — TokoMall’s NFT Creator Economy
In the span of less than a year since its launch as Indonesia’s first multi-category NFT marketplace, TokoMall has developed into a booming NFT creator economy with 5,000+ unique collectibles, 120+ official partners as well as 16,000+ collectors and creators.
Without a doubt, Web 3.0 is the future of the Internet and the prime place to herald this future is none other than Tokoverse, the crypto home of Web 3.0.
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