Taki Games, the prominent social gaming network that enables users to receive tangible monetary rewards, has announced the official listing of its native $TAKI token, which is built on both the Solana and Polygon blockchains, on Cube Exchange. This marks a significant milestone as the first listing of $TAKI on a centralized exchange since its initial debut in April 2022 on both OKX and Gate.
Taki, the foremost mobile gaming network in the industry, combines captivating gameplay with innovative tokenomics to deliver enduring value to gamers. This includes granting players ownership of in-game assets, rewarding them with cryptocurrencies, and enabling the trading of digital assets on a peer-to-peer marketplace.
The project’s goal is to tackle the shortcomings of early play-to-earn games, which were plagued by inadequate tokenomics and misaligned incentives. Taki introduces a concept known as “Takinomics,” which guarantees the stability of its in-game economies and enhances value for all parties involved.
In contrast to typical play-to-earn games that rely on speculative interest rather than sound business fundamentals, Taki’s Takinomics model incorporates a buy-and-burn mechanism, actively acquiring tokens from the open market. This approach serves as an incentive for players to generate income for Taki’s games. The resulting value is subsequently reinvested into the in-game economy through a rewards system driven by the $TAKI token.
In the latest update, Taki is set to burn 1 million tokens today. This strategic token burn not only reflects Taki Games’ commitment to enhancing tokenomics within the Web3 gaming space but also signifies a crucial step towards ensuring the stability and growth of its in-game economies. Taki Games is dedicated to delivering lasting value to its players and stakeholders, and this innovative approach is a testament to its mission of reshaping the gaming industry.
Taki aspires to be the Zynga equivalent in the realm of blockchain gaming, aiming to attract mainstream gamers to the Web3 universe. In this paradigm, players become co-owners of their beloved games and receive tangible rewards for their gameplay contributions. The Taki network is constructed on Solana, one of the top five blockchains for Web3 gaming, and is additionally compatible with Polygon, a pivotal decentralized gaming network. To enhance liquidity, Taki has formed a strategic partnership with Flowdesk, ensuring institutional-grade support for its network.
Furthermore, in partnership with Smart Layer, Taki Games has recently launched ‘Pac-Cat’, featuring the highly coveted Smart Cats NFTs. Presently, Smart Cats holds the top spot as the most trending NFT collection on Opensea and represents an impressive 25% of all transactions on the Polygon network. It has recorded over 16 million transactions in the last 120 days from 450,000 unique active wallets.
A Milestone Achievement in Web3 Gaming
Being listed on Cube Exchange signifies a significant achievement for Taki. Cube Exchange stands out as an innovative cryptocurrency platform, with a particular emphasis on Solana tokens. What sets it apart is its dedication to user-centric asset management. It combines the ease of use and user-friendly interface commonly found in centralized exchanges with multi-party computation custody, off-chain matching, and on-chain settlement. This distinctive approach effectively addresses the limitations seen in traditional, non-custodial exchange platforms.
On the other hand, Cube Exchange has just unveiled a new fundraising round at an impressive $100 million valuation. What makes this exchange distinctive is its innovative custody system. Employing a hybrid approach that combines off-chain order matching with on-chain settlement, Cube enables users to maintain control over their assets, eliminating the need to deposit them into a custodial account of an exchange for trading purposes.
The collaboration between Cube Exchange and Taki Games is a strong match. While Taki’s primary goal is to address tokenomics challenges within Web3 gaming, Cube Exchange is dedicated to eradicating security issues within the cryptocurrency capital markets, as illustrated by the unfortunate incident involving FTX’s collapse in late 2022.
Bartosz Lipiński, Cube Group CEO said his exchange is: “committed to solving safety and trust issues in the crypto industry. Likewise, we’re excited to see projects like Taki Games use TAKI to address economic challenges in the web3 gaming space. Our focus on security and trust, and support for market-leading gaming projects like TAKI will not only benefit our users but also contribute to the overall integrity of crypto markets and Web3.”
In a statement, Taki Games CEO Weiwei Geng said: “We’re excited to see Cube Exchange support $TAKI, which powers cross-chain rewards for Taki Games’ network of mobile games. We’re building the Zynga of Web3 gaming, and driving value back to players through constant buybacks, so it’s crucial to continue to deepen $TAKI’s liquidity, especially with platforms like Cube. The work Cube is doing to make crypto markets safer and more transparent, especially for retail traders, is commendable, and all the more important given the incredible excitement in the Solana ecosystem right now.”
In the past year, Taki Games has rapidly ascended to secure a spot among the top 100 Web3 gaming ecosystems across all blockchains, as reported by Dappradar. Just last month, the daily trading volume of $TAKI witnessed a remarkable surge, skyrocketing from an average range of $300,000 to $400,000 to an astonishing $13 million.
Furthermore, the Taki mobile app has achieved an impressive milestone with over 5 million installations on Android devices. Taki’s exceptional growth is particularly noteworthy, considering the vast potential of blockchain gaming. When compared to the traditional gaming industry, Web3’s gaming ecosystem remains relatively small, with only around one million daily active players.
