Gari Network (GARI)

India recently welcomed the GARI cryptocurrency, launched by indigenous social media firm Chingari. As a social token for the community of Chingari creators that will give them governance authority over the future platform developments through a DAO and create a circular economy. Read the full article to understand more about it.

Concept project – What is GARI?

GARI is India’s fastest growing short form video app with millions of Daily Users. The app lets users create and share short form videos with the world. Everytime you create a video on Chingari, you get rewarded with the project.

GARI is a Solana-based cryptocurrency launched by the Indian social media platform. The token will give content creators the opportunity to publish short-form videos and earn tokens as a reward while forming close bonds with the social platform’s community.

Outstanding features

What is the project trying to achieve?

The project will also serve as a governance token, allowing creators on the platform to shape its future. For instance, they will be able to make proposals on changes that could be introduced to improve the social media platform.

The goal is to empower both creators and viewers with technological and financial instruments to interact directly with each other and have control over the long-term direction of the social economy impacting the platform and the product.

What is unique selling point?

• Create

Chingari is India’s fastest growing short form video app with millions of Daily Users. The app lets users create and share short form videos with the world. Everytime you create a video on Chingari, you get rewarded with the project.

• Buy

The platform has planned to partner with leading D2C ECommerce Brands, to integrate Tokens with the existing shoppable video feature on Chingari. Every video that gets uploaded to Chingari is parsed frame by frame and all detected objects are then matched with a live catalog of products and each video becomes shopping enabled in real-time by the time it hits the feed. All these social video commerce transactions will be done using Tokens in the future.

• Own & Govern

Introduce the project as a social token for the community of Chingari creators that will give them governance authority over the future platform developments through a DAO and create a circular economy. Being distributed to the contributors for the platform value they created, it is on the other hand benefits from the value of the network itself.

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