Cryptocurrency exchange OKEx on Monday (January 17, 2022) announced the launch of the GARI token sale on its platform. In a statement, the exchange said Gari Token (GARI) sale will go live on Tuesday (January 18, 2022). As the 1st project, the GARI token will be available only for South Asia users.
The GARI Token will provide Chingari App users with a gateway into the blockchain space. It aims to empower creators and viewers on the Chingari App with technological tools to interact directly with each other and allow all users on the Chingari App to participate in the long-term direction of the social economy impacting the GARI Token.
Actor Salman Khan had launched GARI in 2022.
Sumit Ghosh, founder & CEO of Chingari said, “Chingari is bringing the web3 revolution to the creator economy with its GARI token. GARI will enable 30 million monthly active users of the Chingari Short video app to get on-chain. For the first time in the history of blockchain apps, an app will onboard millions of users on-chain, on the launch day.”.
What is GARI token?
GARI is a social token for the community of Chingari creators. It will give them governance authority over the future platform developments through the DAO (decentralized autonomous organization) and create a circular economy. GARI would enable content monetisation to become more mainstream in India and the blockchain platform would allow users to obtain tokens for creating and viewing content.
GARI Token price on OKEx
On Bitbns, GARI Network token was trading at Rs 40 on 18th January 2022.
As many as 5 million GARI tokens were made available on OKEx Jumpstart platform during the initial sale at a unit price of 0.2 USDT per GARI. The minimum individual subscription amount is 1 GARI and the maximum is 7500 per person, the statement said.
How to buy GARI token
GARI Network token has been listed on several exchanges including OKEX, Bitbns, FTX, KuCoin, Huobi Gobal and MEXC Global. You may buy GARI toke on these exchanges.
(Crypto tokens are unregulated assets in India. Investing in them could lead to losses. Please do proper due diligence and consult your financial advisor before making an investment decision.)