DAO funds raised from the global crypto community are in addition to support for the Taki app from top crypto leaders such as Coinbase Ventures, Alameda Research, Solana Ventures, Gemini Frontier Fund, Huobi Ventures, Kraken Ventures, OKX Blockdream Ventures, CoinDCX and others
NEW DELHI, INDIA / ACCESSWIRE /May 17, 2022 / Following up on the success of Taki’s $3.45 million seed fundraise last month from a roster of marquee global investors, TAKI DAO has raised $360K in its Initial Exchange Offering (IEO) in collaboration with OKX for its $TAKI Token. The IEO funds came from individuals globally, with the offering selling out immediately. One indicator of community excitement about Taki is that trading opened at $0.40, which was 10x the IEO-price of $0.04. Trading volume peaked at $58M before settling down, with three exchanges adding support for the token by day’s end.
The funds will be used to augment the community treasury and help $TAKI reach a broader global audience while increasing community engagement on Taki.
Taki is a token-powered social network that is pioneering the web3 engage-to-earn model, which directly rewards quality content and user engagement. On Taki, both creators and users can earn a daily income by contributing to the community (i.e. engaging one another in conversation). Taki now has over 45,000 active users, over 647,100 on the waitlist, and over 30,000 unique user coins created on the platform. Taki is built on Solana and leverages the $RLY protocol to provide liquidity and rewards.
Users can earn Taki’s native crypto token $TAKI by buying user coins, creating or commenting on posts, and giving or receiving Gold Taki gifts. Greater rewards go to those who create posts that earn high community engagement. People can even create their own crypto coin on the Taki platform to foster more engagement and potentially increase their earnings as their followings grow.
Taki has a goal to enable personal economies at scale, and is a part of SuperLayer’s broader ambition to leverage web3 consumer applications to drive the next wave of mass crypto adoption. Currently, users can buy and sell $TAKI on major centralized exchanges and use the token as an on-ramp and off-ramp into the Taki application. $TAKI can be used in-app to give Gold Takis, which are crypto donations to other users, as well as to buy user coins. The $TAKI IEO helps introduce the project to diverse new markets and brings in a whole new set of users into the Taki community.
“Taki wants to empower creators and give them a platform to bring forward their content and earn an income. With this IEO launch, community members are able to better understand our vision and gain more confidence in future growth. With the $TAKI token, creators, users, and crypto-enthusiasts will be able to monetize their engagement and content on the platform,” says Taki co-founder Sakina Arsiwala.
The ultimate ambition for Taki is to provide a more accessible point of entry for those entering the world of web3. The platform is designed to be user-friendly, especially for those with minimal crypto experience or technical knowledge.
Taki is a token-powered social network using a novel ‘engage-to-earn’ product design. By integrating user coins with social media features, users are rewarded for their contributions to the platform, either by creating engaging posts or by interacting with other content on Taki. A SuperLayer project, Taki is powered by the RLY protocol and built on the Solana blockchain. This allows Taki to circulate coins for millions of users while providing fast, inexpensive transactions with minimal environmental impact.
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