Taraxa Project
Published in

Taraxa Project

Taraxa 2021 Year-End Review.

Looking back at the major achievements of the year, and gearing up for the future!

On the last week of the year, we’d like to take a moment and look back at Taraxa’s 2021, a year we officially launched our token, advanced our network development, and secured some high-profile partnerships. So pour a cup of your favorite winter drink, and let’s dive in!

👥 🔛Community: tokensale, exchange listings, AMAs.

2021 was a big year for us, but there’s one thing that shines a bit brighter than the rest: our stellar Taraxa Community. The major event of Q1 was the public sale of TARA token, followed by the first exchange listings on KuCoin, BitMax, and Gate.io:

After the token launch, we set out to build an interactive and convenient way for our community to keep track of their contributions and earn rewards. Our first community portal with extensive functionalities was built to become a one-stop-shop for all community members to have access to information, stake their tokens, and redeem rewards. Q3 and Q4 saw an active development of community bounties, with more and more people jumping onboard and competing for rewards:

Over the course of the year, we gave out a total of X $TARA in rewards, and the community site user base grew from zero to thousands of proud Taraxians. The next big step towards true community-driven incentives was our pre-staking program, launched in November: with over 630mn $TARA staked we can confidently call it a huge success!

Here are some stats to illustrate our community growth:

Community Growth in 2021.

With the open nature of the crypto space in mind, we secured a couple of super exciting collaborations and research initiatives with fellow crypto projects —working on a time-stamp oracle with Chainlink and AMA with NEAR protocol on the creator economy and social tokens. Our CTO Justin went to Chainlink’s SmartCon Summit where he outlined how our tech captures business relations and human reputation on-chain by anchoring transactional data on the Taraxa blockchain:

Last but not least, in 2021 Taraxa has made a big splash in the media space, with mentions and coverage from Decrypt, Yahoo Finance, Cointelegraph, Nasdaq, and more:

⚙️🚀 Engineering achievements:

The year was extremely productive for the Taraxa network growth. With our first testnet, Californicum, launched in Q3, on the last day of 2021 we launched the mainnet candidate — the final stage before the fully-fledged application roll-out:

Our special thanks this year goes to everyone who took part in the early node testing on our Discord — your input was crucial for the testnet’s success!

📱Application:

On the product side, we continued to execute on our vision of democratizing reputation, and working with our partners who use Marinate to add visibility and accountability to their operational processes and supply chain:

Apart from Marinate’s business use cases for tracking everyday informal agreements, we expanded our product vision to inferring quantifiable and verifiable reputation from informal interactions, by tracking and measuring off-chain signals, such as frequency and impact of link sharing, amount of successful business interactions, and other quantitative metrics. What we have in the end is essentially a social graph of working relations between business entities, which has a lot of promising use cases for the emerging metaverse, social tokens, and NFTs, tokenized communities, and DAOs:

To reflect that, we’ve been working on a social listening assistant and building an open API to allow integrations with popular messaging platforms and build a robust link tracking mechanism. To be able to track user sentiment and signals in Telegram groups and channels, we’ve been looking at ways to get consistent data from groups and channels.

🚀☃️ 💚 We thank you for joining us on this journey, and wish everyone a safe and happy holiday season! To the moon, GMI, upward and onward!

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store