Market Signal

What Is Taki?\r

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Taki, the engage-to-earn social network, aims to create a better community by rewarding users with a stake in the network itself.  Traditional social networks have become stagnant and exploitative: bombarding users with advertisements, operant conditioning for engagement, and preventing free movement.  These problems stem from a fundamental incentive misalignment between the users who create value and the platform that extracts it.  The new tools and paradigms of web3 offer an opportunity to create a better system.  Engage-to-earn rewards user contributions.  Free-flowing tokens enable low-friction value transfer.  User coins deepen creator-audience relationships and create new engagement vectors.  Decentralized organizations grant users governance over their own platform.  Composability on-chain unlocks the interoperable potential of the whole blockchain ecosystem.  Taki promises a better social network, shifting focus from the social graph to the value graph.  \r
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$TAKI, the native token for the Taki social network, is used to send Gold Taki tips, receive rewards for creating or curating content, create/buy/sell user coins, and more.  By facilitating value transfer, Taki is able to create a more engaging social network.\r
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Taki users are able to create user coins that represent their social media presence on Taki.  User coins a variety of functions on the Taki app itself, such as Gold Taki reward distribution.  Half of Gold Taki earned by the user is distributed proportionally among user coin holders.  In the Taki App, user coins will be tradable for $TAKI via a token bonding curve (a type of constant-function market maker).  User coins are initially available on the Taki sidechain, and will eventually move on-chain to Solana. \r
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Taki is developed in collaboration with the RLY network, which provides infrastructure and grants to build a variety of web3 social products.\r
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How Much $TAKI is in Circulation?\r

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