Introducing Taki: A Better Social Network

Taki is a social network that aims to create a more rewarding and community-oriented platform. Unlike traditional social networks that bombard users with advertisements and limit their freedom, Taki focuses on aligning incentives between users and the platform. By leveraging the tools and paradigms of web3, Taki enables users to earn rewards for their contributions, facilitates seamless value transfer through tokens, deepens creator-audience relationships with user coins, and grants users governance over the platform. With Taki, the emphasis shifts from the social graph to the value graph, promising a better social network experience.

The native token of the Taki social network is $TAKI. This token is used for various purposes, including sending Gold Taki tips, receiving rewards for content creation or curation, and buying/selling user coins. By enabling value transfer, Taki enhances the engagement within the social network.

Taki users have the ability to create user coins that represent their social media presence on the platform. These user coins serve multiple functions within the Taki app, such as facilitating Gold Taki reward distribution. Half of the Gold Taki earned by a user is distributed proportionally among user coin holders. Additionally, user coins can be traded for $TAKI via a token bonding curve on the Taki App. Initially available on the Taki sidechain, user coins will eventually be moved on-chain to Solana.

Taki is developed in collaboration with the RLY network, which provides infrastructure and grants to build various web3 social products.

Taki Token Circulation: How Much is in Circulation?

Taki launched its mainnet in Feb 2022 with a total of 3 billion TAKI tokens created at genesis. This initial supply is allocated to engage-to-earn rewards, ecosystem fund, dev team, investors, and public token sale. The supply is fixed for one year, and future issuance decisions will be made by the Taki DAO. The majority of new issuance is dedicated to engage-to-earn rewards, which is at the core of Taki's unique design. For more details, refer to the Taki Litepaper.

Meet the Founders of Taki

Kevin Chou, a 5X founder with extensive crypto experience, is one of the founders of Taki. He co-founded Rally Network, a social token provider that empowers creators and communities to build their own digital economies. Kevin also co-founded Forte, a blockchain-based game development infrastructure. Prior to his involvement in the blockchain space, Kevin co-founded and successfully exited the gaming company Kabam. Connect with him on LinkedIn and Twitter.

Sakina Arsiwala, another founder of Taki, has held Product and Growth leadership positions at Nextdoor, YouTube (including launching YouTube International in 22 countries, including India), and Google Search Internationally. She also co-founded a social startup that was acquired by Groupon, where she led Social Product Growth. Sakina is passionate about building products that promote fairness and equality. Follow her on LinkedIn and Twitter.