ANI |
Updated: Apr 28, 2022 19:50 IST
New Delhi [India], April 28 (ANI/PRNewswire): TAKI DAO, which comprises the community of $TAKI token holders, has announced the launch of an Initial Exchange Offering (IEO) for its token- $TAKI.
Proceeds from the IEO will benefit the TAKI DAO’s community treasury. This IEO will enable $TAKI to reach a broader global audience and expand community engagement on Taki, the global social network available at taki.app. People can track the live progress here.
Taki is pioneering the engage-to-earn model, where user engagement and quality content are directly rewarded, benefiting both content creators and users. Taki allows users on the platform to earn $TAKI through engagement with the platform, including content creation, or even by basic level engagement such as commenting and liking posts.
While the platform is currently invite-only, over half a million people have signed up for the waitlist ahead of its launch in a span of three weeks. $TAKI is the currency of the social economy, used to buy user coins, send tips, earn engagement rewards, and more. The platform will gradually expand its presence in other key markets following its India launch.
This IEO will introduce $TAKI to diverse markets and provide Taki users with an on-ramp and off-ramp with fiat currency. Users can bring their purchased $TAKI into the platform, or withdraw and cashout via exchanges.
Commenting on the announcement, Sakina Arsiwala, Co-Founder of Taki, said, “Taki wants to empower creators and give them a platform to bring forward their content and earn an income. With this IEO launch, users would be able to understand our vision better and gain more confidence for future growth. We want Taki to be accessible for those newly entering the world of web 3.0. That’s why the platform is designed in a way that anyone can use it, even those who are…
