Taki, a Web3 token-powered social platform, Beta-release goes live

Taki, a Web3.0 token-powered social platform has launched its Beta release opening its doors to the general public after getting over half a million people enrolled on its waitlist. The web3 social platform offers a unique opportunity to social media fans looking for a transparent platform.

It has prioritized India among the other markets into which Taki plans to expand this year.

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Taki has opened its platform to the general public including content creators and users. After the removal of the waitlist, any interested person can now sign up on the platform, which was initially an invite-only platform.

The beta release brings a new range of exciting features to the Taki community. The new features will enhance users’ experience, safety, and transparency.

After the Beta launch, the Co-founder of Taki, Sakina Arsiwala, 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.”

How Taki works

After the Beta launch, people will be able to access the Taki platform by registering and selecting a unique $UCOIN (user coin) before anyone else takes it. The $UCOIN is generated once a person is verified by a particular individual on the platform.

More than 56,779 unique user coins have been generated so far.

Taki is aiming at engaging its users better through social gamified methods where they can earn rewards in form of $TAKI once they complete some daily basic tasks. That way, Taki will facilitate more ownership and engagement with creators compared to other social networking platforms especially since there is an economic value attached even to the basic actions like liking a post, making a comment, and publishing content on the platform.

Sakina Arsiwala said:

“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.”

The $UCOIN

The $UCOIN is a monetary representation of a user’s social network and it can be exchanged for $TAKI tokens, which can be transferred to crypto exchanges for trading.

Prior to the Beta Launch, Taki raised $3.45 million in a seed round from 11 marquee global investors that included Alameda Research, CoinDCX, Coinbase Ventures, Formless Capital, Gemini Frontier Fund, Huobi Ventures, Kraken Ventures, Luno Expeditions, OKX Blockdream Ventures, Roka Works, and Solana Ventures.