Taki is a social network that brings the old ‘engage to earn’ model in a new package, with crypto tokens as rewards

  • The Taki social community rewards its customers to interact on the social community, giving them crypto tokens in alternate.
  • The Taki token is constructed on the Solana blockchain for quick and cheap transactions.
  • The general thought is to mesh the concepts of a conventional social community with crypto tokens, in accordance with the corporate.

Taki is a brand new social community that, at first sight, appears to imitate Twitter and Fb – in any case, there are solely so some ways to create a timeline of posts. However this social community comes with a twist – it rewards its customers within the type of crypto tokens, not likes or feedback.

Constructing a social community will not be a simple process, and neither is making a crypto token that stands out in a sea of cryptocurrencies and tokens. However bringing the 2 collectively may look like a novel thought which may simply assist an organization stand out from the remaining.

“Taki is designed to be a safe, protected and tech superior product that allows social lovers to devour, make investments, share, transact and construct a token-based content material portfolio,” stated Sakina Arsiwala, co-founder, Taki.

Taki goals to realize simply that. The Taki crypto token is constructed on the Solana blockchain, promising quick and cheap transactions. The Solana blockchain can be probably the most energy-efficient blockchains on the earth, addressing considerations of energy effectivity as properly.

To be truthful, although, there have been dime a dozen apps and providers which have tried to draw customers utilizing in-app cash. However Taki is completely different within the sense that it truly makes use of crypto tokens – additionally known as Taki – which might be transformed into precise cash as soon as these tokens are listed on crypto exchanges.

Making a “consumer financial system” and a constructive suggestions loop

Curiously sufficient, customers may also create their very own crypto tokens as an alternative of relying solely on Taki.

In a dialog with Enterprise Insider, Taki co-founder Sakina Arsiwala described this idea as “consumer financial system”, giving creators and influencers the ability to leverage their viewers, because of their very own crypto tokens.

Customers who like a put up made by anybody on Taki can reward them utilizing Taki tokens. Moreover, to inspire customers to put up rewarding content material and their followers to reward these creators, Taki has a reward-sharing idea in place.

In keeping with Arsiwala, a small portion of rewards can be shared amongst the followers of Taki customers, making a constructive suggestions loop. She calls it a type of dividend for the followers.

Customers who wish to money out can accomplish that by changing their Taki tokens to some other cryptocurrency or fiat on cryptocurrency exchanges, as soon as the Taki tokens are listed. Arsiwala says her firm is working with crypto exchanges to get the Taki token listed.

This course of encourages creators to put up participating content material, and their followers to reward this content material.

Solana has additionally partnered with Taki to arrange a $2.5 million fund to deliver creators on the platform. Wider fundraising particulars are usually not identified but, although.


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Taki is a social network that brings the old ‘engage to earn’ model in a new package, with crypto tokens as rewards

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