Token X proves major blockchain and digital token success
with BNK48 Senbatsu General Election voting for its 12th single by supporters using utility tokens on blockchain for transparency and traceability Trusted by BNK48 supporters who voted using over 1 million BNK Governance Tokens
Token X Co., Ltd., is a subsidiary under the SCBX Group, has reaffirmed its slogan of being a tokenization success partner for corporate clients. Tokenization for voting for BNK48’s recent Senbatsu General Election for its 12th single is an example of a recent successful case of blockchain technology and digital token use by the entertainment industry. It was a new experience for supporters, allowing them to vote for the 12th single Senbatsu of girl idol groups BNK48 and CGM48 (sister groups) in the 3rd General Election. Token X as a technology provider partnered with Independent Artist Management Co., Ltd. (iAM), the agent for the girl idol groups, to develop a ready-to-use utility BNK Governance Token allowing supporters to vote via blockchain technology for the first time. The new user experience aims to generate transparency and traceability. Users can trace transactions by themselves on the TKX Chain blockchain network.
Token X Co., Ltd. (Token X) Chief Operating Officer Rujipol Virochpoka said, “The supportive response to voting for BNK48’s third General Election for the group’s 12th single Senbatsu furnished major proof of the potential of applied blockchain technology and digital tokens beyond the financial industry. In the entertainment industry for example, Token X as a technology provider has partnered with Independent Artist Management (iAM) to develop a BNK Governance Token, a ready-to-use utility token, allowing supporters to vote and buy merchandise items as specified by the company on the iAM48 application via blockchain technology for the first time. The new seamless experience aims to generate transparency and traceability. Users can trace transactions by themselves on the TKX Chain blockchain network also developed by Token X. This case has successfully introduced an all-round blockchain technology and digital token user experience to the wider public.”
The event gained a very warm response from supporters of the girl idol groups as it reached second place trending on Twitter globally and was the top trend on Twitter in Thailand. The launch of ready-to-use BNK Governance Tokens for supporter votes for the first time saw a huge number of 1,093,074.36 tokens used for voting with 68,279 transactions and 11,475 wallets. This was a big step toward bringing a new seamless experience to users and to add business value and explore new business opportunities in the future.
“This successful use-case has reaffirmed Token X’s slogan of being a “tokenization success partner” for Thailand’s leading corporate clients from various industries. We provide end-to-end tokenization services covering tokenization consultancy and business planning and technology development planning for blockchain and other related technologies to explore new business values and opportunities the future world has to offer.” Mr. Virochpoka added.
To learn more about the BNK Governance Token, visit https://www.bnk48.com/bnktoken/
About Token X Co., Ltd. (Token X)
Token X Co., Ltd. is a subsidiary of SCB 10X Co., Ltd. under the SCB Group. Pursuing its aspiration of becoming a “Tokenization Success Partner,” the company is equipped with capable teams and personnel ready to offer total digital token solutions, covering consulting, tokenomics design, selecting the right technology, and initial coin offering (ICO) portals. The company is currently waiting for ICO portal license activation by the Securities and Exchange Commission. Service under this project is provided by Token X in its capacity as a technology provider which is separated from its service scope as an ICO portal.
For more information, please visit www.tokenx.finance or www.facebook.com/tokenx.th, or contact contact@tokenx.finance
About Independent Artist Management
Independent Artist Management Co., Ltd. is a music label and agent for Thai girl idol groups BNK48 and CGM48. Officially debuting on June 2, 2017, with 29 members, BNK48 is the second overseas sister group of the Japanese AKB48 Group. CGM48 is the AKB48 Group’s second sister group in Thailand. BNK48 and CGM48 have 82 members in total and their music has enjoyed over 1 billion baht in sales.
AKB48 debuted in 2005 with 6 domestic and 8 overseas sister groups. They are among the highest-earning musical acts in Japan. Their music has enjoyed sales of over 7 billion baht, with over 50 million singles and 6 million albums, making the group the highest selling musical act in Japan in terms of singles sold.
