Short-video app Chingari’s social token GARI witnessed 24-hours trading volume that crossed the $ 100 million, Rs 750 crore, mark. The social crypto-token by the country’s short-video app went live on 12 crypto exchanges.
These crypto exchanges include HUObi Global, FTX, KuCoin, Gate.io, MEXC Global, and OKEx.
GARI has the first-mover advantage in being an Indian crypto-token to make a trading debut on international crypto exchanges. With this, Chingari’s GARI plans to disrupt the blockchain and crypto market landscape across the world.
GARI token channelises the blockchain technology to empower the content curators to monetise their content on the Chingari platform.
Sumit Ghosh, CEO and Co-founder, Chingari, said, “With such an impressive volume, Chingari $GARI is moving towards its vision to entrust the content curator community. Cryptocurrency in India has been untapped when it comes to the curators and with GARI we would be capturing the potential market. With such a great milestone, we shall be maintaining the leadership position across the short video apps platforms.”
With this, GARI makes a pathway for its content curator to enter the world of crypto. And enable content monetisation to become more mainstream in India. At the same time, the blockchain platform would allow users to obtain tokens for creating and viewing content.
In October 2021, Chingari along with its brand ambassador Salman Khan had launched GARI.