Taki Enters the Indian Market with the First Engage-to-Earn Crypto Economy of its Kind
Taki, a blockchain-based social media network that compensates users for engaging with outstanding content, has announced that it has reached a milestone of around 600,000 members on the product waitlist. Taki’s remarkable development and popularity may be credited to its one-of-a-kind value proposition of establishing a first-of-its-kind engage-to-earn crypto economy. TAKI DAO raised $360K USD from folks all across the world with the IEO launch of the $TAKI token. This, along with the fact that trade began at 10 times the IEO price of $0.04, is a significant signal of community enthusiasm. Trading volume peaked at $58 million before settling at three exchanges before the conclusion of the IEO day. Taki secured $3.45MM USD earlier this month from 11 prominent worldwide web3 investors, including Solana Ventures, CoinDCX, OKX Blockdream Ventures, Alameda Research, Formless Capital, and Gemini Frontier Fund, and Coinbase Ventures. Taki’s co-founder Sakina Arsiwala expressed pleasure about the accomplishments, saying, “Taki wants to empower artists and provide them a platform to push forward their content and make an income.” With the release of this IEO, consumers will be able to better grasp our goal and develop confidence in Taki’s future progress.” Taki’s IEO’s success demonstrates India’s rising interest in bitcoin and blockchain.
Users may interact with their favorite content providers, develop their own material, and earn TAKI tokens while doing so. Taki was developed to be simply accessible and to serve as a portal into Web3, while also answering the rapidly expanding desire for alternative social media interaction channels, particularly given the development of restrictions across centralized social media platforms. Taki users not only have the choice to connect with the material they choose, but they also earn money for creating their own content. “The platform is structured in such a manner that anyone can use it, including those who are not well informed in crypto,” says Arsiwala, the site’s co-founder. This is where the $TAKI token will shine.” “With $TAKI token, producers, consumers, and crypto-enthusiasts will be able to monetize their interaction and content on the site,” Arsiwala continued.
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