What is Toyken?
Founded in 2010 and throughout our years of actual business experience, B.A. Toys has developed a plan in which we eliminate competition by outlasting them. Our mode of operation means we stock up heavily on products that we anticipate will have high demand and collector appreciative value. We sell just enough of these items through day-to-day operations to cover our operating costs. As we are able to pay off invoices in full, we then warehouse the remaining items until other competitors are out of stock.
We sell inventory on a 5 year cycle. We have already achieved this in our previous years’ of business, it is not a “hypothetical business model”.
Items declared to be of substantial collector value or high demand are designated as requiring Toyken. Upon a Toyken designation, we will NEVER take fiat currency for them again. At times, we will even designate current items and/or pre-orders, high in demand or low in supply, as requiring Toyken immediately.
We have in-depth experience promoting collectible items, as is evidenced by the unique relationship we previously built with Mega Brands, allowing us to be the first to unveil a majority of Mega Bloks items globally. Our business model and relationship with Mega Brands is covered in depth in our full document.
We will be adding several niche lines not available in big box stores. These lines already have a loyal following of customers understanding that they must secure their items from specialty retailers.
B.A Toys’ will also be developing ToyTrax, which is basically a ticker-like platform for the tracking of toy market values, in real time, as well as for documenting the sale and trading of high-end collectibles. This will all be powered by Toyken.
B.A. Toys Pilot, our affiliate program, is also powered by Toyken.
We are currently migrating our main site to batoys.com (g-rated version for search engines).
Additionally, we will be developing a third-party marketplace in which other sellers will be able to list toy & collectible products. B.A. Toys will charge a commission to broker the transactions. These 3rd party-sellers will be required to designate a minimum of the products they offer, as requiring Toyken. The percentage of the products requiring Toyken will be in the neighborhood of 2-3% of the items they list in total (2 or 3 per 100). They can choose to list more items for Toyken if they desire. The advantage to this will be greatly reduced listing fees and commissions per sale.
Our Toyken offering will be LIVE from The Waves Exchange on May 4th, 2019!
Toyken pricing will be calculated to reflect 50-70% of its minimum, on-site(badasstoysforbadassboys.com) redemption value, Check our main site for additional details including our team, white paper & updates to our offering!
Note: B.A. Toys was founded as a Bootstrap startup!
(definition) is a situation in which an entrepreneur starts a company with little capital. An individual is said to be bootstrapping when he or she attempts to found and build a company from personal finances or from the operating revenues of the new company.
It requires strict budgeting and management accountability. It teaches one how to succeed creatively, stretching resources, networks and money as far as you can. Bootstrapping can rarely be taught; It is a particularly powerful and priceless skill set, one that is severely lacking from cryptocurrency projects.