Taki, a blockchain-based social media platform that compensates users for engaging with high-quality content, has announced that the product waitlist has reached 600,000 users.
TAKI DAO raised $360K USD from folks all across the world with the IEO launch of the $TAKI token. This, combined with the fact that trade began at 10 times the IEO’s $0.04 price, is a significant indicator of community enthusiasm. By the end of the IEO day, three exchanges had added the token, with trading volume peaking at $58 million.
Taki secured $3.45 million from 11 prominent worldwide web3 investors earlier this month, including Solana Ventures, CoinDCX, OKX Blockdream Ventures, Alameda Research, Formless Capital, Gemini Frontier Fund, and Coinbase Ventures.
Taki’s co-founder, Sakina Arsiwala, said:
“Taki seeks to empower creators and provide them a platform to push forward their content and make an income. Users will be able to better comprehend our vision and have more trust in Taki’s future growth as a result of this IEO launch.”
Taki’s IEO’s success demonstrates India’s growing interest in bitcoin and blockchain. Taki’s rapid popularity and growth can be ascribed to its unique value proposition, which is to create the world’s first engage-to-earn crypto economy.
Users can interact with their favourite content creators, as well as create their own material and earn TAKI tokens.
Taki was created to be simply accessible and act as a portal into Web3, while also meeting the rapidly expanding desire for alternative social media engagement channels, particularly in light of the rise of restrictions across centralised social media platforms.
Taki gives users the choice to engage with the content they want while also rewarding them with bitcoin for creating their own.
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