Taki to Rewards Users with Crypto Tokens to Engage on Social Network
News Synopsis
Taki is a new social network that may seem like Twitter and Facebook but comes with a twist. The new social networking platform rewards its users in the form of crypto tokens, not likes and comments.
The co-founder of Taki, Sakina Arsiwala has said, “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.”
The Taki crypto token is based on the Solana blockchain, which promises fast and low-cost transactions. Solana blockchain is also one of the most energy-efficient blockchains in the world and also addresses energy efficiency issues.
Taki is a new social network that may seem like Twitter and Facebook but comes with a twist.The platform uses a crypto token called Taki, which can be converted into actual money once these tokens are listed on crypto exchanges. It will also allow the user to create their own token instead of relying on Taki only.
Users wishing to cash out can do this by converting the Taki tokens or fiat cryptocurrency exchanges, once the Taki tokens are listed. Arsiwala says her company is working with crypto exchanges to list Taki tokens. Solana has also partnered with Taki to set up a $2.5 million fund to bring creators on the platform.
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