Key takeaways:
- GARI, a native Solana-based token of the Chingari Web3 social media platform, has been listed on India’s leading crypto exchange CoinDCX
- Chingari is India’s fastest growing short-video sharing app, boasting more than 35 million active users and over 110 million downloads
- The company’s CEO has called the CoinDCX listing a “huge moment” for Chingari
Chingari, one of the quickest growing short-video sharing platforms with more than 10 million Indian users, has announced its native social token GARI is now available to users of CoinDCX, India’s leading cryptocurrency exchange.
CoinDCX listing will further expand GARI’s availability to Indian and global users
Chingari launched its social GARI token last October in collaboration with Bollywood movie star and Chingari brand ambassador Salman Khan. Since then, the company has reached several notable milestones, including claiming a number one spot on India’s Google Play and a $16 million initial DEX offering (IDO) on SolRazr, the largest of its kind.
GARI’s listing on CoinDCX comes roughly a month after the token simultaneously went live on a number of major international crypto exchanges, including OKX, Huobi Global, and KuCoin, to name a few. The much-anticipated launch of GARI was met with an enormous amount of interest from the broader crypto community, which led to more than $100 million in trading volume being generated on the first trading day.
CEO and Co-founder of Chingari, Sumit Ghosh, commented on the CoinDCX listing:
“This listing is a huge moment for us as it will allow the creators from every nook and corner of the world to trade the GARI token. This has come as a giant leap towards our goal of financially empowering creators on our short video app, Chingari, who have largely been ignored by the global short app platforms.”
The integration of Web 3.0 technologies, which introduces innovative monetization models for the platform’s content creators and unlocks new ways of interaction between artists and their fans, sets Chingari apart from the vast majority of traditional social media platforms.
As the app’s native currency, GARI social token lies at the heart of the platform and ensures the needs of the rapidly growing community are fully met. Solana blockchain architecture allows GARI to reach a high transactional throughput while retaining low transaction costs, which provides ample opportunity for NFT trading and can easily facilitate the GARI user rewards program.
The price of GARI token recently experienced a considerable boost, increasing by more than 17% in the last seven days. At press time, GARI is changing hands at $0.595.
