Taki launches social platform that rewards activity with crypto
The firm offers a unique engagement platform for creators, users, and crypto enthusiasts, offering tokens as rewards for content and engaging topics of interest with others.
Taki has launched the beta version of its crypto token-powered social platform, with over half a million people being automatically onboarded and off the waitlist.
Open to the public, including content creators, users are able to claim their unique desired name for their own $UCOIN (Usercoin). The sooner they join the network, the more choices they will have.
A $USERCOIN will be created once a particular individual verifies them on the platform. Over 56,779 unique user coins have been generated so far.
India will have Taki’s whole attention in the first months since the beta launch, but the social platform plans to expand into other markets this year.
Is there economic value in likes, comments, and posts?
The Beta phase will work as an opportunity for Taki to engage with users through social gamified methods, including $TAKI rewards in exchange for some daily basic tasks.
The platform also allows users to follow the real-time status of their $USERCOINS and others they have invested in as the platform facilitates ownership and engagement with creators.
Taki finds economic value in even basic actions on the platform such as liking a post, making a comment, or publishing content in general, and rewards users for such activity.
Only time will tell if that assessment rings true, based on the price fluctuation of the native token $TAKI and others.
Taki launches Beta after $3.45m raised from crypto giants
The newly launched token-powered social platform is heavily backed by some of the largest players within the ecosystem, including key crypto exchanges and investors, such as Alameda Research, CoinDCX, Coinbase Ventures,, Formless Capital, Gemini Frontier Fund, Huobi Ventures, Kraken Ventures, Luno Expeditions, OKX Blockdream Ventures, Roka Works, and Solana Ventures. Taki raised $3.45 million from these eleven names in a seed round.
Sakina Arsiwala, Co-Founder of Taki, said: “The incredible response which we have received from our users has led to this phenomenal growth. We have decided to now open up this platform to the public at large so more people can gain benefit from our platform for wealth generation. We are now moving a significant step ahead in our journey embracing the Web3 ethos to make Taki more user-friendly with crypto-native innovations.
“Our focus is on establishing a value-generated creators’ platform to help elevate their experience of creating their own personalized token economies. We want to build a source of daily income for our users. India has great potential and an appetite for creative content consumption, as well as content production. We are already amazed by the response we are receiving, especially from the Asian markets, where India has played a major role.”
Saad Rizvi, Venture Partner at SuperLayer, a web3 venture studio that builds multi-chain, tokenized consumer products and applications, has shared his excitement with the positive community response.
“We believe Taki will be the first-of-its-kind in bridging the gap between everyday internet users and the booming Web3 experience, especially as the Indian market has the potential to support and grow the global crypto ecosystem.”