Chingari Launches CryptoTokens

2021.10.25

Sumit Ghosh, who is co-founder and CEO of Chingari, had big plans for the short video platform. The technology platform Tech4Billion Media is expected to launch its own cryptocurrency token $GARI and NFT marketplace. The default currency for all transactions that take place on the platform will be converted by the $GARI token. A movie star, Chingari, unveils the movie ‘$Gari’ at a public event at Taj Lands End, Mumbai. With the launch of Chingari, it claims to be the first social network in India to have issued crypto tokens. A funding round of over $19 million was completed by the Indian short video sharing platform. Chingari launched the crypto tokens $GARI and its own marketplace for nonfungible tokensThe $Gari programme was launched by Bollywood star Salman Khan.  He has been signed on as the brand ambassador for the marketplaceThe $Gari app will allow content creators to create their own ecommerce space. A community devoted to short videos, $GARI, and its own marketplace have created CryptoTokens. Salman Khan, who has been signed on as brand ambassador for the marketplace, has launched the $GARI programme in Mumbai. $GARI can enable content creators on the app to set up their own ecommerce space including for physical merchandise and build NFT creations. The social media platform is very interested in the full video market.  This article is a brief takeaway from The Product Summit 2020 by Inc42. Check out TPS2020 here, or watch all of the sessions here. This article is a summary of the product summit 2020 which is India’s largest product conference. You can find TPS2020 here.

 

 

Chingari aims to monetise creators’ talent and empower them on a social platform:

The demand for $GARI tokens will increase as the users on Chingari grow, but the supply is limited, so the price will increaseDo you have regulatory approvals to launch Gari tokens?Government and voting rights are vested in a $gari token. The organization $GARI is managed by a decentralized autonomous organization. To-chain proposals will be placed by users of $GARI.  They will be visible on the Chingari app and $GARI users will beThe successfully voted proposals will be taken up by DAO. If the proposals are based on funding, that would be determined by the DAO and will be implemented. Everything will be community driven.  The future of Gari and Chinari will be decided by the community. The community will propose, and execute the action. The project $GARI aims to transform the creator ecosystem of the Indian Subcontinent by enabling creators to set up an ecommerce space thatThe creators are shaping the future of entertainment, according to Salman Khan. With the inclusion of GARI Rewards program, creators will further get motivated to create newer and more engaging videos on the Chingari app. The result is a worthwhile journey. Sumit Ghosh, Chief Executive Officer and Cofounder of Chingari and the Indian Crypto Blitzkrieg, is planning a rally. The most desired destination for young millennials is China. We think creators should be in charge while the creator economy is burgeoning and creators are becoming a pivotal force of this revolution. The trailblazer of social infotainment platforms is poised to become the trailblazer of social infotainment platforms. Users will obtain tokens for creating or viewing content. The idea is to monetise creators’ talent and empower them via a social platform, said Ghosh, who is also itsRecently, Chingari has raised over $19 million from 30 venture funds and individuals. It will be built by the company with Solana’s crypto ecosystem. The company will also build features to enable creator monetisation and utility of the crypto tokens across social media user cases. With the launch of $GARI, Chingari is poised to become the trailblazer of social infotainment platforms. Users will be able to acquire tokens for creating or watching content. It aims to monetise creators’ talent and empower them on a social platform, said Ghosh, who is also itRecently, Chingari raised more than $19 million from more than 30 venture funds and individual investors. The Crypto Technology is helping the project $GARI using Solana ecosystem. The company has also planned features to enable creator monetisation and utility of the crypto tokens across social media user cases. Mihir Dalal has claimed that Sachin Bansal replied, ‘Tu karke bata de. ‘In response to that suggestion, Ghosh mentioned that the game is about attracting users, not just having an inspired interface. It is not that simple We feel like a startup that is only three months old, said Ghosh. As with any content centric app, Chingari has had to put in the legwork to plug vulnerabilities, holes in the privacy policy, and makeOne way to make the final aspect right is by taking feedback from early adopters. Whenever a user emails Ghosh about the features that need to be added and fixed, he replies personally. We even have users on Zoom calls and try to understand what they want,” said our source.

 

 

The App was founded in November 2018 and users are able to download, upload and shop for videos:

I’m waiting for this token sale to be completed on the second of November. Series B has been actively raised by us. We will launch in Southeast Asia in November, starting with Indonesia. In another Southeast Asian country, by January, will be launched by us. Hopefully this information will extend our outreach to MENA. We are planning to launch in the US in 2024. Sumit Ghosh is elaborated by elaborates. Users can download and upload short videos and shop for merchandise within the app, among other things. The rival of Instagram Reels, boasts fifty million monthly active users and 78 million downloads to date. After the ban of TikTok, the app has gained more traction among Indians. An effective email address has been entered into our newsletter. It was founded in November 2018.  Users download and upload short videos and shop for merchandise within the app. The Bengaluru-based app boasts an active user base of fifty million and 85 million, and has logged a number of downloads toThe ratio is between active and passive. The app was founded in November 2018 and users are able to download, upload and shop for videos. The Bengaluru-based app boasted of 50 million monthly active users and 85 million downloads. The right way to look at it is not only aiming for one avenue to monetise, but through a multiplicity of features thatA short video can’t keep the key. The site TikTok proved to be a great seller to the masses, that also employed it. The super app Puzzle will be available by Chingari or any other short video app.