10 - The Takadao Token (TAKA)

Takadao was born of a desire to reimagine the practice of insurance to make it more just and transparent and to restore its former purpose, to help people. Insurance and mutual protection is inherently a community prerogative and it follows that the community should have a significant stake in how the system works. In other words, the best kind of insurance is one that is community-owned and controlled.

tDAOs are already set up to be community-owned. But what about Takadao, the technology services provider? This is where the TAKA token becomes the cornerstone. The TAKA token is issued by Takadao and proceeds from the token sale go into the Takadao treasury, which is controlled by token holders through governance procedures in accordance with Takadao bylaws.