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Tokocrypto, Avarta Seals Deal to Boost Crypto Culture in Indonesia

Tokocrypto has partnered with Avarta for mutual development.Brunei’s Prince Qawi, also the chairman of Avarta, attended the signing.Both companies look to promote crypto...
Tokocrypto, Avarta Seals Deal to Boost Crypto Culture in Indonesia Tokocrypto, Avarta Seals Deal to Boost Crypto Culture in Indonesia

    • Tokocrypto has partnered with Avarta for mutual development.
    • Brunei’s Prince Qawi, also the chairman of Avarta, attended the signing.
    • Both companies look to promote crypto adoption in Indonesia.

Tokocrypto, Indonesia’s top crypto exchange, has inked a partnership deal with Avarta, a biometric-based crypto wallet and authentication layer, to develop authentication, security, and compliance for its platform.

The partnership deal was sealed during the MOU signing conference attended by key individuals, including Avarta Chairman and Brunei Prince Abdul Qawi, Avarta COO Hong Loon, Tokocrypto CEO Pang Xue Kai and Tokocrypto CSO Chun Ying, among others.

According to a release shared with CoinQuora, Tokocrypto will introduce Avarta’s wallet-based Trust Score authentication and cybersecurity system to its users. A Trust Score is a score ranging from 0 to 1 indicating how much a device can be trusted.

Aside from several cybersecurity solutions that providers offer, Trust Score protocols have already been employed by many companies from various industries to ensure security for both users and businesses.

Tokocrypto’s research and development (R&D) team will also help Avarta tailor its platform and align it with Indonesia’s crypto regulations and current market. Interestingly, the Southeast Asian country has more than 11.2 million crypto investors, outnumbering the 7.3 million citizens who invest in traditional stocks.

Avarta will work with the exchange in increasing said number of investors as it looks to promote crypto adoption and awareness in the nation. Furthermore, Avarta will work with Tokocrypto to develop a joint marketing plan that will promote Avarta’s crypto wallet and authentication tools to Indonesia’s Web3 community.

On May 24, Avarta will be listed as the first project in T-launchpad, the exchange’s launchpad. This coincides with the platform’s public sale. Meanwhile, its IDO is slated for June 8 of this year.

In related news, Avarta has been selected to participate in Tokocrypto’s Sembrani Blockchain Accelerator program, an initiative by BRI Ventures. BRI Ventures is the venture arm of Indonesia’s largest government-owned bank.

Continue reading on CoinQuora

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23-05-2022 11:59:50 (UTC+7)

EUR/USD

1.0591

+0.0031 (+0.29%)

Summary

Sell

Moving Avg:

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Indicators:

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EUR/USD

1.0591

+0.0031 (+0.29%)

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Sell

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GBP/USD

1.2544

+0.0057 (+0.46%)

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Neutral

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USD/JPY

127.44

-0.41 (-0.32%)

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AUD/USD

0.7088

+0.0055 (+0.78%)

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USD/CAD

1.2802

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EUR/JPY

134.98

-0.03 (-0.02%)

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EUR/CHF

1.0294

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Gold Futures

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Silver Futures

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Crude Oil WTI Futures

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Natural Gas Futures

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US Coffee C Futures

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Euro Stoxx 50

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S&P 500

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1,773.27

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IBEX 35

8,484.50

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BASF SE NA O.N.

48.850

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63.74

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Allianz SE VNA O.N.

195.58

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Adidas AG

172.80

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Deutsche Lufthansa AG

6.852

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Siemens AG Class N

115.08

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9.362

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 EUR/USD1.0591Sell
 GBP/USD1.2544Neutral
 USD/JPY127.44↑ Buy
 AUD/USD0.7088Neutral
 USD/CAD1.2802↑ Buy
 EUR/JPY134.98↑ Buy
 EUR/CHF1.0294↑ Buy
 Gold1,852.90↑ Sell
 Silver21.867↑ Sell
 Copper4.3015Neutral
 Crude Oil WTI110.83Neutral
 Brent Oil110.66↑ Sell
 Natural Gas8.192Neutral
 US Coffee C216.48↑ Buy
 Euro Stoxx 503,657.03↑ Buy
 S&P 5003,901.36↑ Buy
 DAX13,981.91Buy
 FTSE 1007,389.98Neutral
 Hang Seng20,337.10↑ Sell
 Small Cap 20001,773.27↑ Buy
 IBEX 358,484.50Neutral
 BASF48.850Buy
 Bayer63.74Buy
 Allianz195.58Buy
 Adidas172.80Buy
 Lufthansa6.852↑ Sell
 Siemens AG115.08Neutral
 Deutsche Bank AG9.362Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,880/ 6,980
(5/ 5) # 1,771
SJC HCM6,895/ 6,985
(0/ 0) # 1,776
SJC Hanoi6,895/ 6,987
(0/ 0) # 1,778
SJC Danang6,895/ 6,987
(0/ 0) # 1,778
SJC Nhatrang6,895/ 6,987
(0/ 0) # 1,778
SJC Cantho6,895/ 6,987
(0/ 0) # 1,778
Cập nhật 23-05-2022 11:59:53
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ↀ Giá vàng thế giới
$1,854.56+8.740.47%
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Sản phẩmVùng 1Vùng 2
RON 95-V30.58031.190
RON 95-III29.98030.570
E5 RON 92-II28.95029.520
DO 0.05S26.65027.180
DO 0,001S-V27.45027.990
Dầu hỏa 2-K25.16025.660
ↂ Giá dầu thô thế giới
WTI$110.23-0.53-0.48%
Brent$111.05-0.51-0.46%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.005,0023.315,00
EUR23.899,8625.238,69
GBP28.277,1029.483,51
JPY176,47186,83
KRW15,8019,25
Cập nhật lúc 11:53:47 23/05/2022
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