Details of The Exclusive Chingari Native Token Launch on OKEx
Image source: GARI
Big news for fans of Chingari, India’s most popular social media network by Google Play downloads, as the platform is getting set to list its native $GARI token on OKEx exchange for South East Asian users.
When is it happening?
The $GARI tokens will be listed on the exchange from 04:00 UTC on Jan 18, 2022. Users can buy a minimum of 1 $GARI and a maximum of 7,500 $GARI tokens on the platform. There will be a total of 5 million $GARI tokens available in total. Users will need to purchase $GARI with the $OKB, OKEx’s native token. Once the tokens sell out, they will then be available for trading on the OKEx exchange.
Why is it Big News?
It is one of the first crypto tokens due to launch with such a huge audience by way of users of the product. Apart from a massively successful IDO that took place on SolRazr recently, this will be the first chance for those that want a stake in the popular social media platform to acquire these tokens. Chingari is seeing major success as India’s most popular platform with 34 million active users, and over 80 million app downloads. It leverages blockchain technology to reward both content creators and users. In this case, fans can be rewarded with $GARI tokens for the level of their participation and engagement with the influencers. For content creators, it gives them ownership over their videos, the chance to monetize from them and the opportunity to sell their own merchandise in exchange for $GARI tokens.
Quotes from the heads
CEO of Chingari Sumit Ghosh commented, “Chingari is bringing the web3 revolution to the creator economy with its $GARI token,” Chingari CEO Sumit Ghosh said in a statement. “$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, an app will onboard millions of users on-chain from the day of its launch. The Chingari and $GARI teams and the entire community are super excited about its launch and listing on OKEx!”
Asia CEO for OKEx said, “We are delighted to partner with Chingari as it deepens our commitment to our users in South Asia,“Through this partnership, we aim to empower the Chingari App community with revolutionary blockchain technology which will simplify content monetization for creative users of the app. We are always open to alliances with companies which share our vision for blockchain tech.”
What to know ahead of the launch?
Those who want to buy $GARI tokens at the launch will need to be sure they have an account with OKEx, and will need to buy $OKB tokens. Once the sale takes place users can buy tokens through the OKEx platform. Once the sale is complete, they can then list their tokens and start trading them against other crypto assets.