Taki Social Networking App, Takes the World by Storm with its Crypto Tokens

Share This Post

Taki social networking app at first glance seems to mimic Twitter and Facebook, is set to become a new hub as it promises to offer rewards to its users in the form of crypto tokens and not likes and comments. While the popular social networking sites are all about followers and likes, Taki will stand out in the sea of those apps because of its cryptocurrencies and token system. Quite honestly, Taki is going to bring together social media and cryptocurrencies, garnering attention from both massive customer bases. 

“Taki is designed to be a secure, safe and tech superior product that enables social enthusiasts to consume, invest, share, transact and build a token-based content portfolio,” said Sakina Arsiwala, co-founder of Taki.

Taki’s primary goal is to lure the growing customer base around the crypto market. The Taki crypto token is built on the Solana blockchain, known for its fast and inexpensive transactions. Moreover, the Solana network is known for its most energy-efficient blockchains, which serves the purpose of Taki since now they can market themselves as a power-efficient social network. 

However, Taki is not the first app trying to attract users via in-app coins. What sets Taki apart is that it uses crypto tokens, called Taki, which can be converted to actual money once users list these tokens on the crypto exchanges. What adds fuel to the fire is that users can also create their crypto tokens instead of only relying on Taki.

You may also like: How to Trade Cryptocurrency in 2022: Easy Steps

Taki Social Networking App to Offer Crypto Tokens as Rewards

In a conversation, the Taki co-founder, Sakina Arsiwala, described this idea as one based on the user economy as it empowers creators and influencers to leverage their audiences into earning crypto tokens or creating their tokens. The general concept is that a post made by a Taki user, when liked, is automatically rewarded as Taki tokens. This also motivates users to post content that helps them earn more crypto tokens. A small portion of these rewards is also shared with the followers of the Taki users, creating a positive feedback loop. Sakina, the co-founder, terms it as the form of dividend for the followers. 

When users wish to cash out any Taki token, they can convert it to any other cryptocurrency after listing the Taki token. Arsiwala also remarked that they are working with several crypto exchanges to get Taki tokens listed. Solana has also partnered with Taki to set up a $2.5 million fund to bring creators on the platform.

Nitish Vaibhav
Nitish Vaibhavhttp://thetradingbay.com
Nitish Vaibhav is the Founder of the The Trading Bay. A computer science engineer turned an Entrepreneur 5 years ago. He has been in trading since 4 years in Forex and Crypto using his price action strategies. Involved in Content Creation full time for 3 years, Nitish is top rated writer on many content writing websites. He is also a YouTuber in India making videos about Crypto and Forex.

Related Posts

10 Most Powerful Reversal Candlestick Patterns

Most traders utilize Japanese candlestick charts for market analysis...

What Is Tokenomics & Why Is It Important?

For cryptocurrency investors and stakeholders, tokenomics is a major...

How to Start Forex Trading? A Step-by-Step Guide For Beginners

Over the past few years, forex trading has significantly...

5 Best Stocks To Buy On The Dip Now

It has been a rough year for Wall Street,...

What is a Crypto Decentralized Exchange (DEX)? How Do These Exchanges Work?

Although crypto centralized exchanges (CEXs) have been dominating the...

6 Myths About Forex Trading You Should Know About

When something is as monumental as the forex market,...
0
Would love your thoughts, please comment.x
()
x