Advertisement

Salman Khan Launches India’s First Social Token, Chingari’s ‘$GARI’

Marking a massive feat of sorts, Chingari becomes the first social network in India to have issued crypto tokens with this unveiling.

?

Social Token App, Chingari unveiled its’ first-ever crypto-token, ‘$GARI’ at a public event at Taj Lands’ End, Mumbai, in the presence of Bollywood actor and the brand ambassador of the tech start-up, Salman Khan.  

Marking a massive feat of sorts, Chingari becomes the first social network in India to have issued crypto tokens with this unveiling.  

Also present at the glittering launch party were Bollywood actresses Vaani Kapoor and Sonnalli Seygall, along with the co-founders of Chingari - Sumit Ghosh (Chief Executive Officer), Deepak Salvi (Chief Operating Officer), Biswatma Nayak (Head Of Engineering), and Aditya Kothari.  

Recently the popular Indian short-video sharing platform completed a funding round of over $19 million from more than 30 venture funds and individual investors. The funding will help the startup to build ‘$GARI’ with Solana, the fastest-growing ecosystem in crypto technology. With the funds raised, the company will test blockchain live, Chingari Integration beta, and the upcoming $GARI token sale. Some of the biggest firms that participated in the funding round include Republic Crypto, Galaxy Digital, Alameda Research, Solana Capital, Valor Equity Partners, Kraken, Blackpine, NGC, Coinfund, LD Capital, Borderless Capital, AU21, Cultur3 Capital, Long Term Ventures, Afton Capital, and CSP DAO, among others. 

With a vision of establishing 'social tokens' as the future of community platforms, $GARI aims to transform the creator ecosystem of the Indian sub-continent by enabling creators to set up their e-commerce space that includes physical merchandise, NFT creations, and the ability for the fan community to fund their favorite artists. 

Salman Khan said, “The Creators are shaping the future of entertainment. With the incorporation of GARI rewards programme, the creators will further get motivated to create newer and more engaging videos on the Chingari app. It’s going to be an interesting journey hereon.” 

Sumit Ghosh, Chief Executive Officer and Co-founder of Chingari informed that with the launch of $GARI, Chingari is poised to become the trailblazer of social infotainment platforms and will forefront the Indian crypto blitzkrieg.

“Chingari is the go-to destination for the young millennials, including some of the country’s finest creators. While the creator economy is burgeoning and creators are becoming a pivotal force of this revolution, we believe that creators should be in charge of how the platform is taking shape. With the introduction of $GARI, we are vesting the decision-making powers back in the hands of the users and enabling content monetization to become more mainstream in India. Chingari’s blockchain platform will allow users to obtain tokens for creating or watching content. The idea is to monetize creators’ talent with an ethical amount of money and empower them via a social platform. Chingari through its token $GARI wants to make this vision possible. We are certain $GARI will be a groundbreaking invention for the Indian digital and creator economy,” said Ghosh. 

 


Tags assigned to this article:
salman khan india First Social Token Chingari $GARI

Around The World

Our Publications

Advertisement