The practice of exchanging commodities and services dates back to ancient times. Though the global importance of currency cannot be overstated, bartering emerges as a practice that tries to help those with little or no money live a quality life. This age-old trading concept is back in the system with a blend of technology through the launch of the Toke App.

Toke is an app promoting the “Community of Trading by Exchange”- the idea that evolved from the 17th Century trading concept i.e., Commodity – Capital – Commodity. The trading used to happen through a fiduciary agent as an intermediary, whether fiat or cryptocurrency. In the 19th Century, Karl Marx produced his magnum opus work, ‘Capital’ (Das Kapital), which focused on the ‘use-value’ of a commodity, eliminating the capital component. This is where the roots of the Toke App lie.

Grenville Mills, the brain behind the Toke app, says, “We’ve reinvented the notion - ‘use value’ of commodities and services and put the cashless concept together to create this mobile trading/exchange/barter platform- Toke app.”

The app supports commodity community-based trading commonly known as barter. However, the name of the app is derived from ‘Token of Keynesian Exchange’ – the term coined in 1999 by Grenville Mills, during the development of the concept of digital currency and originally intended to replace fiat. In the app, Toke beckons a badge of credibility that a user will earn upon completing an exchange. It has no currency value. The more the Tokes are, the higher the reliability would be.

The Toke app has simplified trading with user-friendly features. Users can exchange goods and services in just three easy steps. They can post an Item and list what options they want in exchange. Further bidders and traders can chat before accepting a particular bid/exchange. Finally, the exchange is agreed between the trader and bidder.

Trades are not at all monetized, i.e., no fiduciary regulations, controls, or fees are involved. The trade is simple- goods or services can be exchanged as agreed between two parties. After all, bartering is a trust-based transaction, and the Toke app provides the most trustworthy platform for it.

The Toke app is available for download on both Google Play Store https://shorturl.at/glnR6
And Apple App Store https://shorturl.at/fjzCO