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TABOO Raises $10M to Expand Adult Entertainment Platform

Author

Jay Solano

Tags

Reading time

3 mins
Last update

Author

Jay Solano

Tags

Category

News - Archive

Reading time

3 mins
Last update

Author

Jay Solano

Tags

Reading time

3 mins
Last update

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Taboo, an entertainment brand has finalized a transaction that raised $10 million at a $250 million valuation. The successful fundraising indicates significant investor interest in Taboo’s potential as a revolutionary platform that prioritizes user privacy and censorship resistance.

TABOO’s Blockchain Content Creation & Distribution in Adult Entertainment

Taboo aims to provide users with a safe and secure environment to share their thoughts and ideas without fear of surveillance or censorship. The platform leverages blockchain technology and cryptographic protocols to keep user data private and secure, with users retaining full control over their data. Additionally, Taboo uses its native TABOO token to incentivize content creators and facilitate transactions on the platform.

The successful fundraising highlights the potential of Taboo’s unique value proposition. The platform’s focus on privacy and censorship resistance is becoming increasingly relevant today, where online surveillance and censorship have become widespread.

TABOO, the blockchain-based adult entertainment platform, is finalizing a major deal which was led by a former JP Morgan executive. The new partnership is set to be a game-changer for TABOO as the executive brings extensive experience in the finance industry, including expertise in risk management and investment banking. The partnership is expected to drive significant growth for TABOO and solidify its position as a leading player in the adult entertainment industry.

Additionally, TABOO’s native token has seen a staggering growth of 1000%, reflecting the platform’s increasing popularity among users. The token’s success is attributed to the unique value proposition that TABOO offers in the adult entertainment industry, with its blockchain-based content creation and distribution platform. The growth of TABOO’s token reflects the increasing demand for secure, decentralized platforms in the adult entertainment industry and the potential for innovative blockchain solutions to disrupt traditional models.

TABOO Token Likely to Break Out Upwards

TABOO/USD has been in a tight range over the past few weeks, with prices trading between $0.004123 and $0.004289. The token currently trades at the lower end of its range, indicating that buyers may lose steam on their bullish momentum. However, if bulls can recapture the $0.004289 resistance level, we could see prices rally higher soon.

The TABOO/USD pair is trading at $0.00417, down by 0.51% in the last 24 hours. Most of the technical indicators are bearish, with the MACD, RSI, and Stochastic all signaling a bearish bias. The Relative Strength Index (RSI) is trading at 35.42 and is trending downwards while the EMA20 is trading at $0.00418, showing bearish sentiment in the market.

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TABOO/USD daily chart: TradingView

The critical support and resistance levels to watch are $0.004123 and $0.004289 respectively. If prices can break above the resistance level, we could see a bullish breakout that could see prices rally higher in the near future.

The TABOO token is an essential component of the Taboo ecosystem, with its utility expanding as the platform grows. The token can incentivize content creators, facilitate transactions, and participate in platform governance. Additionally, the platform plans to integrate the TABOO token with other DeFi protocols, allowing users to use their tokens in various ways outside of the Taboo ecosystem.