Here’s What to Expect From the Chingari IDO Tomorrow
The Chingari Initial Dex Offering IDO is taking place tomorrow and, for the next three days, on the SolRazr launchpad. Many members of the cryptocurrency space have lots of expectations for this one.
#SolRazr will launch @GariToken on 15th December to raise 16 Million from the crypto community! It is the largest ever #IDO or Initial DEX offering to go down in history. Read more at https://t.co/ZqeD8hsxHK pic.twitter.com/SkH6d65R1I
— SolRazr (@Solrazr_App) December 9, 2021
Here are a few things you can expect during and after the event.
The first thing to expect is that the IDO is aiming to generate similar amounts raised in previous liquidity generation events.
Before now, liquidity generation events raised $12.3 Million and $19 Million. It reflects the confidence imposed on the project, the token, and the platform.
We shall also see increased usage of the Chingari platform. It will occur because of increased interest from members of the cryptocurrency space. They would want to try out Chingari for themselves because of the buzz generated from the event.
Because this is the first time a tech platform is conducting an IDO on a Solana Launchpad, we shall see further interest in Solana and SolRazr as a platform.
Solana is The Next Big Thing For Web3
2021 has been groundbreaking for web3.
We have seen the rise of NFTs. Decentralized finance (DeFi) and decentralized autonomous organizations (DAOs) gained popularity like no other technologies.
We have seen the rise of the Ethereum Virtual Machine (EVM) and other Smart Contract capable blockchains and ledgers. These developments have shown the promise web3 holds.
We shall see the full powers of the Solana blockchain in future iterations of the ledger. The coming IDO reveals the abilities of the Solana blockchain and then some.
Solana holds the promise we expected from first-generation blockchains. We will see this promise as the Chingari ecosystem grows and grows. The great thing is Solana will prove as resilient as Ethereum, if not more. People shall move many projects unto Solana once they realize Solana is a futuristic blockchain.
The $GARI token itself will present all kinds of use-cases. Social DeFi tokens will come into focus once more.
Before now, social tokens and their counterpart meme tokens have no real value. They function based on their popularity. However, the $GARI token gives a new meaning to the concept.
Users on the Chingari platform will use the $GARI token for just about anything. Electronic commerce will soon be possible on the Chingari platform, and $GARI will be the token in use for all transactions. Chingari is a video shorts application that has decentralized governance and usage at its core. We shall see a few more projects emulate this model.
The Future is Decentralized
As emerging technologies continue to take center stage, we shall see an increased interest in how they function. Chingari itself is a world-first. A video shorts corporate institution with a social token used within its ecosystem doesn’t exist, save for Chingari. It gives the platform and ecosystem the first-mover advantage and the ability to grow with the times.
As time goes on, we shall see other decentralized features on the Chingari platform as web3 gains the status it deserves in the broader society. These new features will give power to the users as Chingari gains popularity among Millennials and Generation Z.
Decentralization on blockchains like Solana will be compulsory for organizations that want to leap into becoming leading organizations backed by web3 technologies.
There will also be vertical integration as web3 companies will ultimately compete against big tech, and in most scenarios, they will win. These new companies will have understood how best to create, launch and scale their organizations, and the growth of such companies will be exponential.
Big tech will do its best to clamp down on web3 companies. Because of decentralization, clamping down will be difficult to implement. Companies like Chingari and its $GARI token are in the class of companies with mass appeal. This mass appeal exists because of the deployment of web3 technologies on their platforms.
Once-in-A Lifetime Innovations Will Occur
We shall see innovation occur in enormous leaps as the web3 space grows to maturity. Companies like Chingari will be the new tech darlings, and we shall see massive amounts of wealth created by those who had the guts to take the bull by the horns.
The numbers we are currently seeing during liquidity generation events are puny compared to what the future holds. Innovation will drive these liquidity generation events. The more innovative a project is, the more liquidity it gets. It is how things will be in the new world where creativity rules.
Tariq Wali, Chief Technology Officer at Chingari, said.
“The internet was the closest innovation to what’s happening in the crypto world now – the society moving to a world powered by cryptographic truth through the advancement of web 3.0. Paradigm shifts like this happen once in centuries.”
As the innovation grows in the web3 space, a knowledge renaissance will occur. It is projects like Chingari that will hold the torch for the rest of humanity to follow.