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Indonesia Blockchain Week 2020 Kicks Off with Decentralized Finance in the Spotlight

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Tokocrypto Announces Toko Tokens as New DeFi Initiative

Jakarta, August 19, 2020 – The annual Indonesia Blockchain Week (IBW) 2020 officially began yesterday, Tuesday, August 18, 2020, with an audience of over 2.5000 tunings into the opening ceremony. Organized by Tokocrypto, IBW 2020 for the first time ever, is being hosted completely online and both Indonesians and people from all over the world can participate. IBW 2020 will run for a week with multiple webinars discussing the latest wave to hit the Blockchain space – Decentralized Finance (DeFi). 

IBW 2020 opening ceremony started at 19.00 WIB and is streamed through Tokocrypto’s social media accounts on YouTube, Facebook, and Twitter which will also be streaming other webinar events later this week. Pang Xue Kai – CEO and Co-Founder of Tokocrypto, Changpeng Zhao (CZ) – Founder and CEO of Binance, Joselito Lizarondo – CEO and  Founder of Swipe, and Justin Sun – CEO and Founder of Tron were among the guests of honor to grace the grand opening ceremony of IBW 2020.

Pang Xue Kai, CEO, and Co-Founder of Tokocrypto said “Indonesia Blockchain Week series was created with the intention of bringing about greater awareness and education on Blockchain Technology and its potential to the people of Indonesia.

This year’s theme on Decentralized Finance was chosen because of the overwhelming interests coming from the people of Indonesia and DeFi’s potential to enhance Indonesia’s financial industry. Through IBW 2020, we  hope to 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 Indonesia Blockchain Week 2020 will run for a week with online webinars focusing on the different aspects of Decentralized Finance (DeFi) such as peer to peer lending, staking, savings, payments, and mobile wallets. The webinars will discuss topics from the differences between traditional financial systems and a decentralized financial system, to how Indonesia’s can earn additional income from the DeFi initiatives.

Indonesia Blockchain Week is organized by Tokocrypto and Co-Hosted by Binance and supported by Swipe, Syntethix Network, Aave, Tezos Foundation, Switcheo, Kyber Network, Trust Wallet, Waves, Coinmarketcap, Harmony, and Bida, as well as numerous Indonesian community 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. 

IBW 2020 event lasts till 27 August 2020 and is free and open for the public to participate.

Tokocrypto introduces its first DeFi initiative: Toko Token 

Jointly celebrating Indonesia’s 75th Independence Day, Tokocrypto proudly announces Tokocrypto’s first DeFi initiative, Toko Tokens (TKO). Introduced in Kai’s keynote during the opening ceremony, Toko Tokens (TKO) 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 (TKO) each. DeFi elements such as staking, savings, and lending will be introduced into the Toko Tokens (TKO) ecosystem.

About Indonesia Blockchain Week

Indonesia Blockchain Week (IBW) is an annual event organized by Tokocrypto. Participants of Indonesia Blockchain Week comprises individuals, blockchain startups, enterprise companies, academics, developers, investors, and blockchain projects from Indonesia and around the world.

These participants come together through a series of seminars or webinars to engage in a deeper conversation about the progress and potential of Blockchain Technology. After the successful inauguration of IBW 2019, this year’s blockchain week focuses on the theme of Decentralized Finance (DeFi). IBW 2020 will host a variety of speakers and experts from the government, finance and 

About Tokocrypto

Tokocrypto Digital Exchange is the leading regulated and one of the largest digital exchanges in Indonesia. Founded in 2018, Tokocrypto was born from a group of crypto enthusiasts with a strong belief in the benefits that blockchain technology offers to the public. Tokocrypto aims to be Indonesia’s leading exchange for digital exchange by providing customers with an easy, simple, instant, and secure platform to transact with confidence.

Tokocrypto is also a hub for education and news on blockchain technology through close collaboration with Southeast Asian blockchain communities, universities, the public, and the Indonesian government.

Disclaimer: This is a partnered event.


Akshay focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.
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