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India's first social crypto token GARI got listed on Indian crypto exchange CoinDCX

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Indrani bose Follow

INDIA

Mar, 03 2022

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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