Token X Co., Ltd. (Token X), a company under the SCB X group, reaffirms its commitment to being a "Tokenization Success Partner" in achieving success for corporate clients. Recently, it showcased a successful use case of applying blockchain technology and digital tokens in the entertainment industry.

To create a new experience for Thai people with the voting results of the "BNK48 12th Single Senbatsu General Election" or GE for the third time, searching for the Senbatsu for the 12th single of the idol girl group BNK48 and the idol girl group CGM48, Token X (as the Technology Provider) and Independent Artist Management Co., Ltd. (iAM), which manages both idol groups, collaborated to develop a "ready-to-use Utility Token" named "BNK Governance Token". This token allows supporters to vote using blockchain technology for the first time, aiming to create transparency where all transaction data on the blockchain can be easily verified by users on the TKX Chain blockchain network.

Mr. Rujipol Wirojphoka, Chief Operating Officer of Token X Co., Ltd. (Token X) stated, "The response from supporters at the BNK48 12th Single Senbatsu General Election or GE for the third time is a significant proof reflecting the potential of applying blockchain technology and digital tokens, which is not limited to the financial sector but can also be practically utilized in other industries, such as entertainment. In the past, Token X, as a Technology Service Provider, collaborated with Independent Artist Management (iAM) to develop a ready-to-use Utility Token named 'BNK Governance Token' for voting by fans and can be used to exchange for products and services specified by the company on the iAM48 application through blockchain technology for the first time, aiming to create transparency as all transaction data on the blockchain can be easily verified by users on the TKX Chain blockchain developed by Token X. This activity creates a seamless experience in using blockchain technology and digital tokens for Thai people to try out in a wide-ranging manner."

 

This event received overwhelming responses from fans, trending on Twitter worldwide at number 2 and number 1 in Thailand. The introduction of the "ready-to-use Utility Token" named "BNK Governance Token" for voting was also well-received, with over 1,093,074.36 tokens used for voting, totaling 68,279 transactions and 11,475 wallets participating in the voting. This marks an important step in creating a seamless experience in using blockchain technology for Thai people through new activity formats that will help explore and seek business opportunities in the future.

 

"The success from this use case reinforces Token X's commitment to being a 'Tokenization Success Partner' in achieving success for corporate clients across various leading industries in the country by providing comprehensive end-to-end tokenization services, covering consulting and business planning related to tokenization, as well as planning for blockchain development and other related technologies to jointly explore and seek business opportunities in the future," Mr. Rujipol added.

For those interested, more details about the "BNK Governance Token" can be found on the website: https://www.bnk48.com/bnktoken/