Taki Enters The Indian Market with First of its Kind Engage-to-Earn Crypto Economy

Taki is a social media platform built on blockchain technology that rewards people for engaging with high quality content. It has reached 600K members of the product waiting list.

TAKI DAO has raised $360K USD through the IEO launch the $TAKI token. The fact that trading opened at 10x IEO price of $0.04 is an indicator of excitement in the community. Trading volume peaked at $58M before settling down with three exchanges adding the token by the IEO day’s end.

Taki received $3.45MM USD earlier this month from 11 global web3 investors such as Solana Ventures.

While expressing excitement over the achieved milestones, Taki’s co-founder Sakina Arsiwala said, “Taki wants to empower creators and give them a platform to bring forward their content and earn an income. With this IEO launch, users can better  understand our vision and gain more confidence in Taki’s future growth.”

The success of Taki’s IEO is a testament to the growing interest in cryptocurrency and blockchain in India.

What’s Taki?

Taki’s rapid growth and adoption can be attributed to its unique value proposition, which is to establish a first-of-its-kind engage-to-earn crypto economy.

The site allows users to interact with content creators of their choice, make their content and collect TAKI tokens.

Taki was created to make it easy for people to access Web3 and address the growing demand for other social media channels.

Taki allows users to interact with content that they like and also offers cryptocurrency rewards when they produce their content.

Powered by the RLY protocol and built on Solana’s blockchain, Taki can get accessed through a mobile app that is capable of some of the fastest transaction throughputs in Web3.

Taki has already proven to be more than a social media alternative. It is proving itself as a new-generation platform that can connect all people, taking into consideration the 600,000+ users who are on the waitlist.

According to the platform’s co-founder Arsiwala, “The platform is designed in a way that anyone can use it, even those who are not well versed with crypto. This is where the $TAKI token will play its charm.”

Arsiwala also added this. “With $TAKI token, creators, users, and crypto-enthusiasts will be able to monetize their engagement and content on the platform.”

Web3 Social Media: Moving toward

As web3 users are more knowledgeable about the advantages of using the applications, decentralization has become a trend. Taki, a web3 product that allows users to have greater control over what they create and be rewarded for their engagement, is at its heart.

This contrasts with the present web2 social networking landscape which has been dominated by only a handful central platforms known to restrict content and limit user growth.

Taki believes now is the right time to change how social media platforms work.

Taki is managed by the DAO (Decentralized Autonomous Organization), who ensures swift and decentralized decisions. The chances of centralizedcensorship being implemented are greatly reduced.

Creators can expect to see their content instantly distributed on various platforms, and rewards will be sent directly into their accounts within minutes, according to the team.

As noted by Arsiwala, “Taki wants to empower creators and give them a platform to bring forward their content and earn an income.”

Conclusion

Despite the uncertainty surrounding crypto regulation by the Indian government the Indian population is still one of the most crypto-savvy populations in blockchain and crypto.

After the ICO boom of 2017, India’s government has refrained from terming crypto as legal. The government has decided to tax cryptocurrency transactions at 30%. It could indicate that India is open to the possibility of more positive developments for India’s entire crypto community.

Taki’s mission is to provide a portal for crypto-enthusiasts across India, and the globe. This has been made possible by the increasing demand for web3 apps in India.

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