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Chingari’s GARI Token Debuts on Top Indian CEX: Details

Wed, 03/02/2022 - 17:10
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Vladislav Sopov
Indian “TikTok Killer” Chingari now has its core native token, GARI, listed by CoinDCX. Why is this crucial for Web3 social media?
Chingari’s GARI Token Debuts on Top Indian CEX: Details
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Chingari, a short video platform that promotes itself as an India-focused analogue of TikTok, accomplishes yet another crucial milestone for its token, GARI.

GARI debuts on CoinDCX: Chingari now exposed to 10 million users

As per the official announcement shared by Chingari’s team, its token, GARI, will be listed on CoinDCX, a mainstream centralized exchange.

Image by Chingari

As it is one of the most popular cryptocurrency applications in India, the protocol gains exposure to a previously unseen audience. Given that the current CoinDCX userbase exceeds 10 million users, it is a major milestone in terms of massive adoption for Chingari.

Prior to listing on CoinDCX, GARI token was added to other top-tier CEXes such as KuCoin, MEXC, BitMart, Huobi, FTX and so on.

Commenting on the announcement, Chingari’s co-founder and CEO, Mr. Sumit Ghosh, stressed that this listing is a major accomplishment of his product’s marketing campaign:

This listing is a huge moment for us as it will allow the creators from every nook and the corner of the world to trade GARI token. This has come as a giant leap towards our goal of financially empowering creators on our short video application.

Why is GARI important for Chingari?

GARI is a core native utility asset of Chingari designed to motivate its users to create and promote its content.

TikTok Challenger Chingari to Organize GARI IDO on SolRazr: Details

GARI is a backbone element of Chingari’s tokenomics: its initial decentralized exchange offering raised $32 million.

Now Chingari has cemented itself as one of the most popular “real-world” decentralized applications on high-performance blockchain Solana (SOL).

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (, Monoreto, Attic Lab etc.)