It is all good news in the Chingari camp as the leading video app in India achieves another first. Recently, Chingari revealed its native GARI token has been listed on six of the world’s leading centralized exchanges (CEXs). Riding on the high waves of its reception after launch, GARI will now be available on Huobi Global, FTX, KuCoin, Gate.io, OKEx, and MEXC Global, making it the world’s first cryptocurrency to launch simultaneously on six trading platforms.
Traders can purchase and sell GARI tokens from these centralized exchanges (CEXs) from 13:00 UTC on January 18, 2022. With this listing, the value of GARI is expected to soar as the CEXs will help generate more buzz around Chingari’s innovative projects.
Following a great fanfare by the company’s Bollywood superstar brand ambassador Salman Khan, and a record-breaking IDO via its Initial DEX offering on the SolRazr launchpad last month, GARI, a native cryptocurrency token of Chingari was launched in October 2021.
Basically, the GARI token is an Indian-developed alternative to the Ethereum blockchain built on Solana that offers the advantage of much faster transaction speeds and lower associated costs. In particular, GARI is a social token that will empower creators on the Chingari platform to set up their own eCommerce spaces.
What’s more, users can sell physical merchandise, create non-fungible tokens (NFTs) and enable fans to fund their favorite artists with GARI. Thus, driving a digital economy while tapping into Chingari’s enormous existing audience. Best of all, the Chingari team is always looking to achieve new accomplishments as it strives to bring the webs revolution from the creator economy with the GARI token. On that note, its CEO Sumit Ghosh affirms in a statement,
Of note, Chingari is the most popular social media app to experiment with cryptocurrency so far. The app has been downloaded more than 100 million times and counts over 32 million active monthly users. In addition, it ranks as the number one social media application in India on the Google (NASDAQ:GOOGL) Play Store.
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Source: Cryptocurrency - investing.com
