Chingari is the fastest growing WEB3 social media application. This application is different from ordinary social media applications in that it is supported by encryption technology. The project combines short videos, Social audio, social commerce, social education technology and social entertainment are combined.
The latest price of GARI coins
＄0.02 ≈ ¥0.16
##What is the total amount of GARI coins?
According to the editor's investigation, the total issuance of GARI coins is 1 billion, the circulation is 70 million, and the circulation rate is 7%. Short video content creator apps like TikTok have gained huge popularity in recent years. However, the centralization issue remains unchallenged. Although creators can monetize their content, they are determined by the app’s decision-makers.
By harnessing the power of blockchain technology and NFTs, Indian short video platform Chingari has become the go-to place for content creators. The platform launched India’s first social media token, $GARI Token, which is the main driver of the entire ecosystem.
Unlike existing Web2 short video platforms, Chingari uses its $GARI token to empower creators, giving them full control over their content and providing them with various revenue-generating opportunities. Using $GARI tokens, content creators can host NFT sales, custom merchandise, and more.
The platform is backed by big names including Bollywood actor Salman Khan, Swordfish Investments, FJLabs and others. Since its launch, Chingari has positioned itself as India's fastest growing app with over 100 million downloads. The platform also raised $15 million from a recent funding round led by Republic Capital and was also the first in the world to launch the token on six exchanges on the same day.
How about GARI coins?
The 2010s is indeed the decade of e-commerce, with total global e-commerce sales increasing year by year. Currently projected to reach $5.4 trillion by 2022, it seems like everyone has an e-commerce store now. Chingari makes e-commerce a natural extension of its platform, with influencers able to create e-commerce stores and link them to their pages.
As with ads, if a product from the creator's store is featured in the video, it will automatically appear on the sales tab if the user clicks on the video. Therefore, influencers can use e-commerce to further increase their earning potential, with their followers purchasing items directly from their page.
The online course creation market has seen incredible growth over the past few years and is currently estimated to reach $11.3 billion by 2026. Just like e-commerce and influencer advertising, Chingari taps into this trend by allowing influencers to create their own courses within the app.
Instead of using a third-party platform, users can navigate to the Courses tab and create their courses there. Using just their mobile device, they can record videos of their skills and then publish courses that their followers can subscribe to. Not only does this allow users to share their skills with the world and become international teachers, but the course marketplace represents an additional revenue stream that Chingari influencers can take full advantage of.
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