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India's first social crypto token GARI got listed on Indian crypto exchange CoinDCX
Mar, 03 2022
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India's first
social crypto token GARI which is also the native token of Chingari has
announced its listing on the country’s leading cryptocurrency exchange, CoinDCX.
With this move, over 75 lakh CoinDCX users in India will be able to access one
of the largest projects on the Solana blockchain as per the company.
Further, it will
increase GARI’s liquidity and penetrate deeper into the Indian community. To
fulfill the demand and requirement of lakhs of regional creators in the country
the listing was done.
GARI is a short
video app which is ‘Made in India’. In India, Chingari is the fastest-growing
short-form video app. This platform gives short-form video creators the ability
to monetize their content on the blockchain with the GARI token. Creators get Gari
tokens as a reward when they create a video on Chingari. This reward is given
to creators to encourage them for producing genuine content. Also, this will
keep viewers hooked with transparent tipping mechanisms, exclusive content, and
direct participation in platform operations. The network of GARI focuses to
create a crypto-powered creator economy on Chingari.
Recently Chief
executive officer CEO Sumit Gupta made an announced in a tweet that Solidus
Labs, a crypto-native risk monitoring firm, will become CoinDCX strategic
compliance partner. Over 1 crore registered users logged in to the exchange
platform CoinDCX.
Sumit Ghosh, CEO
and Co-founder Chingari said, “This listing is a huge moment for us as it will
allow the creators from every nook and corner of India to trade the GARI token.
This has come as a giant leap towards our goal of financially empowering
creators on our short video app, Chingari, who have largely been ignored by the
global short app platforms.”
Kucoin, MEXC,
Bitmart, Zebpay, Huobi, and FTX are the platforms where GARI has already been
listed before getting listed in CoinDCX.
Other recent
launches took place in India related to crypto
In the month of
February, Trade The Games which encourages the concept of crypto trading
together with fantasy gaming got launched. With this Trade the Games (TTG platform,
users will be able to learn crypto trading, providing feedback to help users
improve their trading methods and even make profits without running the risk of
investing their own money in real cryptos.
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Indrani bose
CBW - External Analyst
INDIA
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