3 Reasons Why Tokoverse is the Epitome of Crypto Stability
Financial investment markets are arguably the most heavily regulated sectors as regulators strive to warrant investor protection and enhance market integrity. No financial investment market worth its salt is immune to bouts of volatility which threaten to cause instability. Hence, regulations play a key role in maintaining market liquidity and controlling market leverage to ensure the markets have sufficient systemic stability to counter its volatility.
Crypto Regulations: The Need for Stability
In general, there are two types of cryptocurrencies i.e. those that are backed and those that are unbacked. Backed cryptocurrencies i.e. stablecoins are regarded as relatively stable whereas unbacked cryptocurrencies are prone to instability due to wealth effects, financial sector exposures and their use as a form of payment instruments. Alas, recent events in the crypto market have illustrated that even stablecoins could prove to be rather unstable.
As the crypto market grows more interconnected with the wider financial domain, the risks of the crypto market’s volatility causing knock-on and spillover destabilizing effects on the global financial system are rising in tandem. Hence, regulators have stepped in to introduce regulations for the crypto market whereby the prime focus is currently on stablecoins which are intrinsically linked to the wider financial domain with the U.S and Japan leading the way for stablecoin regulations.
Tokoverse: The Epitome of Crypto Stability
Right from the get-go, Tokoverse has been earmarked as a long term project which the ecosystem has been developed with stability as its forte and here are 3 reasons why Tokoverse is the epitome of crypto stability:-
Reason #1 — Tokocrypto’s Pioneering Regulatory Credentials
Tokoverse is established and operated by Tokocrypto which in November 2019 became the first entity in Indonesia to be registered with the Commodity Futures Trading Regulatory Agency Indonesia (BAPPEBTI) whereby these regulatory credentials form the bedrock of the stability of the ecosystem.
Reason #2 — Toko Token (TKO)’s High Trading Volume
As the native utility token of Tokoverse, TKO plays a central role in ensuring the stability of the ecosystem whereby the high trading volume of TKO warrants the wide liquidity distribution of the token which in turn limits the effects of any market manipulation activities.
Reason #3 — Tokoverse’s Systemic Security Formula
There can be no stability without security and the systemic security of Tokoverse is warranted through annual audits by CertiK as well as our ISO 27001-certified information security management system and ISO 27017-certified cloud management system, which is a first for a crypto exchange in Indonesia.
Tokocrypto’s development blueprint for Tokoverse which focuses on the building up the fundamentals of Tokoverse has imbued the ecosystem with stability as its forte whereby this has stood Tokoverse in good stead to counter the volatility in the crypto market and emerge as the epitome of crypto stability.
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