Chingari’s $ 12 million worth of GARI token mining program goes live
- Chingari will be the world’s first social media app to provide encryption to users.
- Chingari users can earn GARI tokens for in-app activity.
- The mining program is worth $ 12 million (current market price)
Chingari, India’s decentralized short video platform, has announced the launch of a $ 12 million worth of native cryptocurrency token GARI’s mining program. Through this program, they aim to create, monitor, monitor, engage, and engage in-app activity with an average of 40 million users (MAUs) per month.
As you know we have started the #Garimining program, the in-app Chingari coins have been deprecated from the platform. Holding of Tingaricoin with the user / creator will be converted to the corresponding value of the GARI token, as will be determined later. pic.twitter.com/wHzgdvt7tc
— Chingari App (@Chingari_IN) June 12, 2022
Through this mining program, Chingari will be the world’s first social media platform to provide cryptography to users in return for engagement. GARI tokens will be distributed to creators from a daily pool of 50,000 tokens. Of that, only 5,000 tokens will be allocated to the daily login bonus.
In addition, users can increase their revenue with GARI badges (NFTs) that can be purchased with the Chingari app, and depending on the level of the badge, they can increase their daily GARI revenue by up to 10 times. In detail, there are 5 badge levels including Basic, Bronze, Silver, Gold and Diamond, offering 2x, 3x, 4x, 5x and 10x multipliers respectively.
At the start of the GARI Mining Program, Sumit Ghosh, CEO and co-founder of Chingari, mentioned how Chingari has democratized creators’ economies with GARI mining since its inception in 2018. Ghosh further explained:
This program ensures a fair competition for big and humble creators. App creators and users can now earn GARI tokens. This token can be exchanged for money. Creators are not at the mercy of brand collaboration as their sole source of income. The program provides creators and users $ 12 million annually.
Chingari, a decentralized short video app, has recently emerged as a popular entertainment app with over 130 million users in over 15 languages. This app is trending among the top 20 most downloaded apps in the world. Similarly, GARI tokens have been well received in the crypto community, with approximately 600,000 wallets holding tokens within three months of their launch.
GARI tokens are listed on platforms such as CoinDCX, MEXC, FTX, KuCoin, BitMart, ZebPay and Huobi. This token is also one of Blockchain’s top three projects due to its large number of owners. It is currently trading at $ 0.632101 and has a 24-hour trading volume of $ 22,168,907 over the last 24 hours.
