3 Reasons Why Tokoverse is the Home of the Triple Crypto Gems of DeFi, GameFi and NFT
When it comes to political ideology, democracy has certainly been the dominant school of thought over the past century. The fundamental notion of democracy can be found in a famous quote by one of the founding fathers of the United States (U.S), Thomas Jefferson whose wise words that “all men are created equal” are enshrined in the U.S Declaration of Independence. As the reasoning goes, since all men are created equal, all men should have the right to participate in national elections and with this, the concept of universal suffrage was born to grant each and every adult the right to vote. Nonetheless, for all the purported good of the political ideology of democracy, it has been described by former British Prime Minister, Winston Churchill as being “the worst form of government, except for all the others.”
Fact of the matter is that democracy is far from perfect but it is the best that we have and we have to make do with it simply because men were simply not meant to be ruled over or governed by their fellow men. As the reasoning goes, if “all men are created equal,” why should a select few have the privilege of exercising power and control over the rest i.e. the masses? It was in this context that cryptocurrency came about to herald a new form of democracy i.e technological democracy which dispenses with the need for human governance by harnessing the decentralized and autonomous features of blockchain to financially empower the masses through the triple gems of the crypto domain namely decentralized finance (DeFi), gamification (GameFi) and non-fungible token (NFT).
Democratizing Finance with DeFi, GameFi and NFT
The central tenet of cryptocurrency as the embodiment of technological democracy is that it aims to even the playing field so that everyone can have more or less an equal chance in line with the democratic notion that “all men are created equal.” With regard to DeFi, cryptocurrency has unleashed a wave of financial innovation which has provided investors with an alternative to the regimentalized conventional financial investment markets that had been structured by the select few. In contrast with the element of exclusivity of control which pervades the conventional financial investment markets, DeFi offers the masses an alternative suite of financial investment services that are structured in accordance with the needs of the market as opposed to the wants of capitalists.
In relation to GameFi, cryptocurrency has brought to life the true meaning of financial democracy by providing an avenue through which the masses can be financially empowered while doing what they enjoy i.e. video gaming. Since democracy is about free will, GameFi is the epitome of financial democracy as it allows the masses to be liberated from the clutches of capitalism which is but a form of modern day enslavement, albeit to profit-oriented industries as opposed to human masters as was the case in historical times. As for NFT, it is turning the world into a giant canvas, one which the masses can draw on and profit from in line with the financial liberalization ideals proffered by democracy. Given the democratization elements of the triple crypto gems, Tokoverse has encapsulated the essence of these gems to enable our users to personify the spirit of democracy.
Tokoverse, the Crypto Hub of Financial Democracy
In line with the democratic agenda of cryptocurrency, Tokoverse was structured in a manner which ensures global accessibility in order to enable anyone and everyone to partake in the infinite potential of the crypto economy. When it comes to financial democracy, Tokoverse is a platform through which the masses can attain financial liberalization through financial empowerment by leveraging the financial innovation made possible by the advent of cryptocurrency. Here are 3 reasons why Tokoverse is home to the triple crypto gems of DeFi, GameFi and NFT:-
Reason #1 — Leveraging Financial Innovation Through TKO Staking
As of early March 2022, the total value locked of the DeFi market which stands at USD196.8 billion is edging ever closer to the USD2 billion mark. The native utility token of Tokoverse i.e. Toko 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. Through TKO staking, Tokoverse is leveraging the financial innovation of DeFi to open the door for the masses to earn themselves some passive income in line with the notion of financial democracy.
Reason #2 — Attaining Financial Liberalization Through TokoGames
As an avant-garde crypto ecosystem, Tokoverse is always at the forefront of crypto trends and this is no different when it comes to GameFi which had since October 2021 been consistently recording more than 1 million daily active users (DAUs). Capitalizing on the rising GameFi trend, TokoGames has established a host of initiatives driven by partnerships with the proprietors of leading blockchain games such as Duckie Land and Avarik Saga to enable the masses to attain financial liberalization through the play-to-earn (P2E) mechanism of GameFi in line with notion of financial democracy.
Reason #3 — Facilitating Financial Empowerment Through TokoMall
The innate potential of NFT as a financial empowerment tool is illustrated by the fact that the total NFT trade value in 2021 amounted to a staggering USD23 billion. Riding on the raging NFT trend, TokoMall was launched in August 2021 as the first multi-category marketplace in Indonesia to tap into the country’s creative economy which stands as the third highest in the world in terms of national gross domestic product (GDP) contribution behind only the U.S’ Hollywood and South Korea’s K-pop. With its global accessibility to anyone who has a Binance Smart Chain (BSC), Metamask, SafePal and Trust wallet, TokoMall is a platform through which users can monetize Indonesia’s promising creative economy thereby paving the way for the financial empowerment of the masses in line with the notion of financial democracy.
If history is anything to go by, the flaws of democracy are such that they could end up resulting in this preferred political ideology of our modern times somewhat paradoxically going against its fundamental notion that “all men are created equal.” Technology offers a saving grace in this regard as unlike humans, technology is unbiased and unprejudiced as it is perfectly neutral and completely non-discriminatory thereby rendering technological solutions such as the decentralized and autonomous features of blockchain to be humanity’s best bet if we are to truly bring to life the democratic notion that “all men are created equal.” With the crypto market already taking on a life of its own, Tokoverse is leading the way for the deployment of cryptocurrency to propagate financial democracy among the masses by serving as the home of the triple crypto gems of DeFi, GameFi and NFT.
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