.@takiapp is a new #socialnetwork that, at first sight, seems to mimic Twitter and Facebook – after all, there are only so many ways to create a timeline of posts. But Taki comes with a twist – it rewards its users in the form of #crypto tokens, not likes or comments.
Building a #socialnetwork is not an easy task, and neither is creating a crypto token that stands out in a sea of #cryptocurrencies and tokens. But bringing the two together could seem like a novel idea that might just help a company stand out from the rest.
“@takiapp 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 (@heysakina) co-founder, Taki.
The @takiapp crypto token is built on the Solana (@solana) blockchain, promising fast and inexpensive transactions. The Solana blockchain is also one of the most energy-efficient blockchains in the world, addressing concerns of power efficiency as well.
There have been dime a dozen apps that have tried to attract users using in-app coins. But @takiapp is different in the sense that it actually uses crypto tokens, also called Taki, which can be converted into actual money once these tokens are listed on crypto exchanges.
In a conversation with Business Insider, @takiapp co-founder Sakina Arsiwala (@heysakina) described this concept as “user economy”, giving creators and #influencers the power to leverage their audience, thanks to their own crypto tokens.
Users who like a post made by anyone on @takiapp can reward them using Taki tokens. Additionally, to motivate users to post rewarding content and their followers to reward these creators, Taki has a reward-sharing concept in place.
Users who want to cash out can do so by converting their Taki tokens to any other #cryptocurrency or fiat on cryptocurrency exchanges, once the Taki tokens are listed. Arsiwala says her company is working with crypto exchanges to get the Taki token listed.
Solana (@solana) has also partnered with Taki (@takiapp) to set up a $2.5 million fund to bring creators on the platform. Wider fundraising details are not known yet, though.
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Now with the NSE IFSC allowing access to some of the best US-based companies like #Apple, #Google, #Tesla and others, you can now trade in top 50 US stocks in India.
What Is NSE IFSC?
Fully-owned arm of #NationalStockExchange
(NSE) based in GIFT City, Gujarat that will allow investors and traders to buy and sell US stocks.
There are two things for certain that Indians are talking about this week – #PetrolPrice, and of course, the sweltering heat. After 9 out of 10 days of #FuelPriceHike, there are high chances that people might be talking about the fuel price rise more than the scorching sun.
Crude oil prices have been skyrocketing for several reasons that seem to be beyond the control of any country’s govt. Even the market can feel the impact of rising crude oil prices. The @StocktwitsIndia Stock Room Sunday episode discusses this in detail.
What started off as a temporary decline of tourism due to the 2019 serial blasts turned out to be a huge economic crisis for Sri Lanka. The local govt tried to control the situation with tax cuts and policy changes in 2019, but it only kept getting worse.
India’s southern neighbour is now struggling to provide electricity, fuel and basic essentials to its citizens, leading to a massive unrest among its citizens. The situation is so brim that the country had to cancel school exams due to shortage of paper.
Russia has invaded Ukraine, beyond the areas that were already in its control. Bad news is that neither the NATO troops led by the US backing Ukraine, nor Russia on the other side, are expected to back down anytime soon.
The official line is out there in every newspaper and media outlet. However, there are some benefits of this war for both the US and Russia, as explained by an expert.
Ukrainian citizens fled their homes after the first day of a full-scale invasion. Train stations were packed with people on the move and roads filled with cars of people leaving the country, with their loved ones and prized possessions in tow.
@VaamanaaSethi India has a special and privileged strategic partnership with Russia and is one of the few countries who haven’t criticised Russia’s decision of sending troops across the Ukraine border.
@VaamanaaSethi At the United Nations’s (UN) emergency meeting called by the Security Council, which was held on February 22, India spoke about the escalation of the tension and asked all the countries to exercise “utmost restraint”.