1 year ago
Taki, a blockchain-based societal media level that rewards users for their engagement with prime content, has announced a milestone of reaching astir 600K users connected the merchandise waitlist.
With the IEO motorboat of the $TAKI token, TAKI DAO raised $360K USD from individuals astir the world. This, on with the information that trading started astatine 10x the IEO-price of $0.04, is simply a beardown indicator of assemblage excitement. Trading measurement peaked astatine $58M earlier settling down with 3 exchanges adding the token by the IEO day’s end.
Earlier this month, Taki raised $3.45MM USD done 11 marquee planetary web3 investors, including Solana Ventures, CoinDCX, OKX Blockdream Ventures, Alameda Research, Formless Capital, Gemini Frontier Fund, and Coinbase Ventures.
While expressing excitement implicit the achieved milestones, Taki’s co-founder Sakina Arsiwala said, “Taki wants to empower creators and springiness them a level to bring guardant their contented and gain an income. With this IEO launch, users tin better recognize our imaginativeness and summation much assurance successful Taki’s aboriginal growth.”
The occurrence of Taki’s IEO is simply a testament to the increasing involvement successful cryptocurrency and blockchain successful India.
What is Taki?
Taki’s accelerated maturation and adoption tin beryllium attributed to its unsocial worth proposition, which is to found a first-of-its-kind engage-to-earn crypto economy.
Users tin prosecute with their favourite contented creators, make their ain content, and gain TAKI tokens on the way.
Taki was founded to beryllium easy accessible and service arsenic a gateway into Web3 portion addressing the fast-growing request for alternate societal media engagement channels, particularly fixed the emergence of censorship crossed centralized societal media platforms.
With Taki, users not lone person the state to prosecute with the contented they love, but they besides get cryptocurrency rewards for producing their ain content.
Powered by the RLY protocol and built connected Solana’s blockchain, Taki tin get accessed done a mobile app that is susceptible of immoderate of the fastest transaction throughputs successful Web3.
Taking into relationship the involvement shown by the implicit 600,000 users connected its waitlist, Taki is already proving to beryllium much than conscionable an alternative, but a next-generation societal media level for all.
According to the platform’s co-founder Arsiwala, “The level is designed successful a mode that anyone tin usage it, adjacent those who are not good versed with crypto. This is wherever the $TAKI token volition play its charm.”
Arsiwala added that, “With $TAKI token, creators, users, and crypto-enthusiasts volition beryllium capable to monetize their engagement and contented connected the platform.”
Moving towards web3 Social Media
Over the years, determination has been a increasing displacement towards decentralization arsenic users go much alert of the benefits of web3 applications. At its core, web3 products specified arsenic Taki alteration users to some person much power implicit the contented they nutrient and besides get rewarded for engagement.
This is successful stark opposition to the existent web2 societal media landscape, which is dominated by a fistful of centralized platforms that person been known to censor contented and throttle idiosyncratic growth.
The Taki squad believes that present is the clip for a displacement successful however societal media platforms operate.
Taki is governed by a DAO (Decentralized Autonomous Organization), which ensures that decisions are made swiftly and successful a decentralized manner. This decreases the chances of centralized censorship taking place.
According to the team, creators volition spot their contented distributed crossed aggregate platforms instantly, with rewards going straight into their wallets wrong minutes.
As noted by Arsiwala, “Taki wants to empower creators and springiness them a level to bring guardant their contented and gain an income.”
Conclusion
Despite regulatory uncertainty concerning crypto by the Indian government, the Indian colonisation remains 1 of the astir crypto-savvy demographics successful crypto and blockchain worldwide.
After the ICO roar of 2017, India’s authorities has refrained from terming crypto arsenic legal. Even so, the state has moved guardant to present a 30% taxation connected cryptocurrency transactions, which could beryllium a motion of bully things to travel for the wide crypto assemblage successful India.
Given the increasing request for web3 applications successful the country, Taki is progressing connected its ngo to beryllium a gateway for crypto-enthusiasts successful India and astir the world.
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