Intellasia East Asia News – Indonesia Blockchain Week 2020 opens with decentralised finance in the spotlight

The annual Indonesia Blockchain Week (IBW) 2020 kicked off on August 18, with an audience of more than 2,500 tuning into the opening ceremony. Organised by Tokocrypto Digital Exchange, a leading regulator and one of the largest digital exchanges in Indonesia, IBW 2020, for the first time ever, is being hosted completely online, with Indonesians and people from all over the world able to participate. The opening ceremony of IBW 2020, which started at 7 p.m., was streamed through Tokocrypto’s social media accounts on YouTube, Facebook and Twitter, which is also where streams of other webinar events can be accessed. Tokocrypto CEO and cofounder Pang Xue Kai, Binance founder and CEO Changpeng Zhao (CZ), Swipe CEO and founder Joselito Lisarondo and Tron CEO and founder Justin Sun were among the guests of honor to grace the grand opening ceremony of IBW 2020. Pang Xue said during the opening ceremony, “Indonesia Blockchain Week series was created with the intention of bringing about greater awareness and education on blockchain technology and its potential for the people of Indonesia.” He went on to say, “This year’s theme of ‘decentralised finance’ [DeFI] was chosen because of the overwhelming interests coming from the people of Indonesia and DeFi’s potential to enhance Indonesia’s financial industry.” Pang Xue expressed hope that “through IBW 2020, we can create an open and transparent conversation on DeFi where all Indonesians can participate in and share their thoughts on how Indonesia can benefit from this new application of blockchain technology.” The ongoing IBW 2020, which is free and open to the public to participate, will run through August 27, with multiple webinars discussing the latest wave to hit the blockchain space DeFi. The event features online webinars focusing on the different aspects of DeFi such as peer-to-peer lending, staking, savings, payments and mobile wallets. The webinars will discuss topics ranging from differences between traditional financial systems and a decentralised financial system, to how Indonesians can earn additional income from DeFi initiatives. Indonesia Blockchain Week, organised by Tokocrypto, is cohosted by Binance and supported by Swipe, Syntethix Network, Aave, Tezos Foundation, Switcheo, Kyber Network, Trust Wallet, Waves, Coinmarketcap, Harmony and Bidao, as well as numerous Indonesian communities and media partners. There are many attractive prizes worth more than tens of millions of rupiah in total up for grabs for participants of IBW 2020.

Tokocrypto introduces its first DeFi initiative: Toko Token Meanwhile, to coincide with celebrations of Indonesia’s 75th Independence Day, Tokocrypto has proudly announced Tokocrypto’s first DeFi initiative, Toko Tokens (TKO). Introduced during Kai’s keynote address during the opening ceremony, Toko Tokens will be available from the end of August 2020 as a reward system to users who join Tokocrypto and share their referral codes. In line with Indonesia’s 75th Independence Day, for every successful referral, both the referrer and referee will be rewarded with 75 Toko Tokens each. DeFi elements such as staking, savings and lending will be introduced into the Toko Tokens ecosystem.

https://www.thejakartapost.com/adv/2020/08/25/indonesia-blockchain-week-2020-opens-with-decentralised-finance-in-the-spotlight.html

 

Category: Indonesia


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