By mid-2022, the creator economy is valued at more than $100B with 4M – 10M influencers/content creators per the industry. However, most of the revenue generated by the creators are in the hand of the big tech companies. Only 1.5 percent of micro-influencers (those with up to 50K followers) can support themselves through social media income.
What is Gari Network?
Gari Network is a project that brings social media applications to the blockchain. Gari’s core product is the Chingari app, the world’s largest on-chain Web3 social app built on Solana. Just two years after launching, Chingari has become one of the top 20 most downloaded apps worldwide on Google Play, with over 130 million downloads.
With Gari Network, creators can make money in crypto for creating and sharing their content. Meanwhile, the audience can earn money with Watch To Earn, Engage To Earn, and Play To Earn features in the Chingari app.
How does Gari Network work?
Gari Network allows users to create short videos (15s – 60s), social audio, social commerce, social Ed-Tech, and social entertainment on Blockchain through Chingari. From then, creators can boost their posts to 100M+ Chingari users. Live stream is also available on the app, exclusively for those who staking GARI token or buying NFT.
Creators can create a special pool, let the viewers support creators by providing them with GARI then access to the locked content in return (including private chats, contests, videos, etc.). Later on, creators’ revenues will be automatically split within the pool shareholders along with their respective shares proportionally and the percentage the creators set initially.
Chingari shares 30% of its revenue with creators via GARI token to encourage them to make content production a full-time career.
Users can tip creators with GARI in order to receive a retroactive airdrop of premium content or unlock some exclusive interactions.
Via a customized ML-fed feed, users are provided with engaging, targeted product information and can buy them directly using the GARI token on the platform. Besides, users can purchase courses in Chingari Skills or buy NFT inside creators’ content with the GARI token.
To earn GARI easily, users can watch, like, and comment on videos on the Chingari app.
Gari Network Token Use Cases
Gari Network believes social tokens are an essential piece of the crypto community and creator economy. GARI acts as an utility token and a social token in the Chingari app and can be used as:
- Project products and incentives: Stake, tip, payment, exclusive content access…
- Propose and vote on future platform developments and product roadmap.
GARI token has become the top 3 projects on the Solana blockchain in terms of the number of holders.
Team, Investors, and Partners
Gari Network is led by a strong team with extensive experience in developing high-class social media applications. More information is in the table below.
Gari Network is supported by the top firms that believe in their journey to empower Video Content Creators Worldwide with Blockchain:
- Village Global: An early-stage venture capital firm backed by some of the world’s most successful entrepreneurs: Bill Gates, Jeff Bezos, Mark Zuckerberg…
- Angel List: The firm that helped over 12,000 startups raised money from thousands of syndicates and funds with $10B assets supported.
Along with many other investment funds such as FJ Labs, Republic Labs, BLUME…
Gari Network partners with many projects such as:
- SolRazr: The first decentralized developer ecosystem for Solana.
- AWS: The world’s most comprehensive and broadly adopted cloud platform, offering over 200 fully featured services from data centers globally.
Besides many other firms such as Republic, Tencent, and Solana.
Roadmaps & Updates
Gari Network Roadmap:
- Staking launch
- “Build with the community” setup
- Panda Music Label – Stealth Launch
- Establishing DAO-style governance voting to onboard music artists
- Onboarding the first 25 music artists for testing
- 1st Music Video release from Panda Music
New products to be released:
- vNFT Marketplace: Each video published on the Chingari app will be a vNFT (video NFT). Users will be able to trade vNFT and receive a shared revenue from creators’ engagement.
- iLive Streams: Allow creators to monetize their time spent with their audience/followers/fans.
Detailed information about GARI Token
GARI Key Metrics
- Token Name: Gari Network
- Ticker: GARI
- Blockchain: Solana
- Token Standard: SPL
- Contract: CKaKtYvz6dKPyMvYq9Rh3UBrnNqYZAyd7iF4hJtjUvks
- Token type: Utility, Governance
- Total Supply: 1,000,000,000 GARI
- Circulating Supply: 300,000,000 GARI
GARI Token Allocation
- Chingari Community Reserve Treasury: 25%
- Public Sale: 20%
- Staking Rewards: 15%
- Advisors & Team: 15%
- Seed round: 10%
- Private Sale: 10%
- Airdrop: 5%
GARI Token Sale
GARI Token Release Schedule
How to get Gari Network Token
Users can get GARI tokens by doing these things:
- Stake GARI tokens to receive more GARI tokens.
- Create videos and post on the Chingari app.
- Receive tips from other users.
- Buy GARI tokens on supported platforms (find out more below).
How to store GARI Token
You can store the GARI tokens on Coin98 Wallet with these steps:
Step 1: Open Coin98 Wallet & click Receive on the home screen.
Step 2: Search GARI Token.
Step 3: Click on the correct result, copy the wallet address, and send GARI to this address.
How to buy Gari Network Token
You can buy GARI tokens through these exchanges:
- DEXs: Solrazr, KuCoin…
- CEXs: Huobi, Okex, KuCoin…
Chingari is the first social app in the world to offer crypto to its users and enables them to monetize their engagements and experiences. It has helped to change the ways people create and own their content, and let them control how the platform on which their creations are hosted develops, in addition to money.