India's First Crypto Social Token "GARI" is Launched
The entire world is going through a Cryptocurrency revolution and these days bitcoin price is clearly showing that how the world is adopting crypto. Countries are exploring the options to make it legal tender and those that were not in crypto as of now are also exploring the best possibilities for them to be part of this revolution that can help them become stronger in the economy.
Even India is not left behind and there is a lot happening these days including non-fungible tokens and overall good to adoption. Edward easement is gearing up in the country are now who have Bollywood celebrities have started promoting crypto in various channels. I have seen so many advertisement of BitCoin and cryptocurrency in quite popular TV channels which clearly shows that India is going to be one of the examples in the crypto space soon. Why am saying this because here in India people follow these celebrities and get involved whatever they promote Somnath in this promotion for BitCoin is happening a lot which will surely bring in a lot of Indians in this sector. Exchanges are spending a lot of money on their infrastructure development as well as they are focusing more on scalability and innovation so that they can deliver the best to their users. Many other projects are making their entry in crypto and one of the projects with its taken got launched this week.
Short-video application Chingari has stepped into the world of cryptocurrency with its crypto token GARI. A fungible blockchain token, GARI will serve both “as a future in-app currency and a governance token," the company said. The token will be built in partnership with the Solana blockchain.
Chingari is a short video content sharing platform like TikTok and its quite popular here. Its a growing platform in India with its user base and now they have launched their token GARI through a partnership with the Solana blockchain. Chingari platform has 4 parts including content, creators, viewers, advertisers, and developers. All of them will now be able to the transaction with ease within the GARI ecosystem. This will help the users o the platform to transact easily and it will make the overall experience easy and all of them will be able to transact using the token within the chingari platform.
https://twitter.com/Chingari_IN/status/1450734796204756992
Bollywood star Salman Khan has promoted this project and now his NFTs will also be available on this platform which will bring more value for sure. The Bollywood industry is adopting crypto and doing more with NFT. Be it anything in crypto, its all going to boost the crypto ecosystem another and I see the exciting time coming ahead in coming years. I never used the chingari app but now because of the promotion I got to about it and I am sure there are many like me who will download the app and start using it.
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Thats a great innovation and advancement in cryptocurrency adoption.
Sadly the opposite happens here in Nigeria.
Am sure more indians will keep adopting crypto with the new crypto platform Shingari. Tiktok now has a crypto competitor.
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