Indonesian Blockchain Startup Tokoin Launches DeFi Program

What makes BISS DeFi different from many other similar programs is that here investors are paid in stablecoin USDT, which guarantees a fixed income irrespective of the market conditions.

FREMONT, CA: Tokoin, an Indonesian startup utilizing blockchain technology to reduce the barriers that small and medium scale enterprises face while trying to access credit, has launched the BISS (Blockchain Innovative Smart Savings) DeFi Program to benefit both partner enterprises and investors.

In this program, investors can lock up a particular minimum amount of Tokoin's native token TOKO and USDT for a period of three months and earn a fixed interest rate on their USDT funds. On Tokoin's part, the accumulated funds will be utilized to provide short term loans to the partner MSMEs.

What makes BISS DeFi different from many other similar programs is that here investors are paid in stablecoin USDT, which guarantees a fixed income irrespective of the market conditions.

Eddy Christian, COO of Tokoin, stated, "We are excited to launch BISS DeFi, as it shows that we are staying true to our mission since day one, which is to connect the MSME sector with the traditional financing system. With BISS, we will build trust using blockchain, which will help MSMEs grow their business in our ecosystem."

Tokoin has launched three distinct tiers with different fund locking requirements to fulfill users' different requirements. TOKO staked in any of the ongoing staking programs would also count towards the locking requirement for BISS DeFi.