Gari Network Price GARI-INR

The social token of Chingari for its creators is GARI. It is referred to as the first crypto token ever created in India. It serves as the governance token and will grant producers control over upcoming platform developments. Additionally, the platform will provide an NFT marketplace where videos may be bought and sold. For viewers and creators, this is probably going to increase blockchain awareness. This demonstrates the company's shift in emphasis on web3 and cryptocurrency.

What is GARI Token?

The Web3 social media software for the Gari Network uses cryptocurrencies and GARI as its native coin. In the third phase of the Internet's development, Web3, consumers own their data due to decentralisation and blockchain technology. The app is called Chingari, allowing users to upload brief audio and video clips for social enjoyment or instructional purposes to a blockchain network.

According to its whitepaper, the platform was built on the Solana network to enable video content creators worldwide to profit from cryptocurrency for creating and sharing their content. With its app's watch-to-earn, engage-to-earn, and play-to-earn features, the platform's content providers and users also enable the viewers to make money.

Who Created GARI Token?

The Gari Network's creator, chairman, and CEO is Sumit Ghosh. Aditya Kothari, Biswatma Nayak, and Deepak Salvi are the other co-founders of the project.

How Does GARI Token Work?

A part of 30% of the Chingari app's revenue goes to an influencer on the platform. By allowing users to profit from their content creation, the platform turns it into a viable career path. The platform also has a vernacular focus; Chingari uses artificial intelligence to build personalised feeds for users based on their anonymous content interactions. To guarantee the integrity of content moderation, each piece of content is subjected to a multilayer set of screening algorithms.

The native token GARI on the platform has a wide range of applications. The GARI governance token, which can be used as in-app currency, allows users to vote on platform progress and takes back control of the decision-making process. Users who vote with GARI are rewarded.

SUsing GARI tokens, audiences and content producers are rewarded for the value they add to the network. The token can also be used for transactional purposes, such as paying someone in return for something.