GARI is the native digital asset of Chingari, a Web 3.0 social media application. The Chingari platform aims to empower content creators to engage with their audience and monetize in a decentralized manner, all powered by the blockchain.

Chingari disrupts the traditional model of influencers and video content creation by sharing 30% of its revenues with the content creators. The revenue generated is distributed to content creators in the form of GARI tokens.

As of March 2023, Chingari has more than 300 million global crypto users holding the GARI token and more than 70 million users. It is one of the fastest growing Web 3.0 based social applications in the world.

Chingari aims to become the worlds largest video NFT marketplace. In addition to content creators earning rewards in GARI Network, the platform lets users pay in GARI tokens to access exclusive content, enter Audio rooms for higher engagement with influencers, and enjoy more monetization opportunities all around.

The Chingari app is governed by a DAO made up of GARI holders, who get to vote on updates to the ecosystem. In addition to governance, the Chingari blockchain platform leverages GARI as in-app currency that users pay in to access exclusive content and that content creators receive as rewards.

Chingari also supports e-commerce, letting users buy goods and services directly from videos or profiles of content creators. This model allows for higher levels of engagement on the GARI Network than traditional video-based social media applications have seen.

Chingari powers the creator economy by letting users tip creators using GARI tokens. They also have the option of staking to support their favorite creators work on the platform while earning a percentage of rewards too.

The off-chain features or services of Chingari include short videos, multiplex, and messaging. The Chingari Multiplex lets users buy videos and movies on the platform using GARI tokens and even fiat currencies.

The GARI social token empowers content creators to not only earn better and engage better online but also have a say in how the Chingari platform evolves in the future. The higher the use of the Chingari app, the higher the GARI price can go.

Chingari was founded in 2018 by Sumit Ghosh along with co-founders Deepak Salvi, Biswatma Nayak, and Aditya Kothari. The short-form video app was launched in 2020, filling a void left behind by Indias ban on TikTok.

In August 2021, it raised $4 million in funding from Republic and Galaxy Digital. It also went on to receive $300k of funding from Solana Grant. A month later, it raised $15 million via a private token sale to crypto venture capitalists.

The test blockchain went live in October 2021, along with the beta version of Chingaris integration. In November 2021, a public sale on Republic helped Chingari raise an additional $12.3 million worth of capital, followed by the launch of GARI global communities.

Chingaris IDO sale took place in December 2021, raising $6 million. An equity raise round got its team an additional $15 million in funding. Chingaris smart contract audits also took place in the same month.

The GARI Network cryptocurrency has multiple uses within the Chingari ecosystem. Users can pay in GARI to access exclusive content on the Chingari app. Additionally, GARI holders can participate in the DAO to vote on upgrades and changes to the Chingari platform.

GARI is the native token of the Chingari app, which has become popular among users in India and other geographies. The value of GARI is derived from the high levels of activity on Chingari, and it has the potential for growth as the adoption of cryptocurrencies and the crypto market cap increase. However, it is important to note that the cryptocurrency market is volatile and investing in GARI carries risks.

Owning GARI Network can be lucrative in several ways. Token holders can earn rewards by staking GARI and participating in voting. The GARI Network also incentivizes users through watch-to-earn, engage-to-earn, and play-to-earn models. Users can stake GARI in creator pools, use it for transactions, and trade it on exchanges. Additionally, GARI can be lent on the BYDFi Exchange to earn interest.

To stake GARI on the Gari app, create an account and set up your wallet. Fund your wallet with GARI tokens and visit the Wallet tab on the Chingari app. Click on the Stake option, enter the number of GARI tokens you wish to stake, and confirm the transaction. By staking GARI, you can earn rewards and grow your holdings.

Gari Network has partnered with Republic Crypto, Galaxy Digital, Solana Capital, Huobi Global, Valor Equity Partners, Borderless Capital, GBIC, AU21 Capital, and more. The app has also partnered with projects such as BYDFi, Bonk Inu, and Rage Fan.