Press Release, 14 June 2022
Chingari, the world’s fastest-growing on-chain social app announces the GARI Mining program worth $12 million per year to empower creators
Chingari, World’s fastest-growing on-chain social app today announces the GARI Mining program to empower 40 million monthly average users (MAU). Under this Create-2-Earn, Watch-2-Earn and Engage-2-earn program, creators and users can earn GARI, the world’s biggest Social Token for doing in-app activities including creating, liking, and sharing videos. Notably, Chingari has become the first social app in the world to offer crypto to its creators and users on its platform.
The GARI tokens will be distributed to the creators from a daily pool of 50,000 tokens, out of which 5,000 tokens will be set aside for the daily login bonus. The remaining 45,000 GARI will be rewarded to the users/creators for enjoying in-app activities including watching, liking, and sharing videos on the app.
Moreover, the earnings can be further increased by using GARI Badges which are the NFTs a user/creator can purchase in the Chingari app to multiply their daily GARI earnings up to 10x, depending on the badge level. There are 5 Badge levels including Basic, Bronze, Silver, Gold and Diamond that offer 2x, 3x, 4x, 5x and 10x multipliers respectively.
Speaking at the launch of the GARI Mining Program Mr Sumit Ghosh, Co-founder & CEO, Chingari and GARI token said, “It gives us immense pleasure to announce the GARI Mining program. We promised to democratize the creator economy when we launched Chingari a few years back and the GARI Mining is at the vanguard of that process. This program will ensure a level playing field for big and humble creators. Now, creators and users on the app can earn GARI tokens which can be traded on exchanges for money and creators will not be at the mercy of brand collaborations as their only source of income. The program will offer $ 12 million to the creators and users annually.”
Chingari, powered by GARI is the world’s fastest-growing on-chain social app launched in 2018. The home-grown app has emerged as the one-stop destination for entertaining, engaging videos across diverse categories such as dancing, singing, transformation, innovative skills, etc. Amongst the top 20 most downloaded apps globally, Chingari’s eclectic platform entertains 130M+ users across, and witnesses videos in 15+ languages with over 5 million daily active users.
Gari token is the World’s biggest social token. Chingari’s native token, GARI enables short-form video creators to monetize their content on the Blockchain with the GARI token. Gari token has received great enthusiasm from the community with almost 600,000 GARI holders in a record time of just 3 months from launch. With this growth rate, we are expecting the active wallet users to reach 1 million in the next three months. GARI token has become the top 3 Projects on the Solana blockchain in terms of the number of holders.