SocialFi, Crypto-powered Creator Economy| GARI Network | Altcoin Gems #24

Gate.io Podcast | Bitcoin & Crypto News | Altcoin News Podcast

Gate.io Altcoin Gems #24:

"Money never sleeps. Thanks for tuning in."

Gari Network is a blockchain short video creator platform allowing users to upload short videos on its mobile application Chingari. It is built upon the concept of SocialFi – a fusion of social media, web3.0, and finance that incentivizes users with rewards by tokenizing their social influence.

Gari Network aims to build a crypto-powered creator economy on Chingari. The platform interconnects through the Chingari App and GARI token, a social token for the community, opening to the app users a wider blockchain world where they directly control their assets and can use their tokens both in-and-out of the app to connect and transact with their counterparties, place governance votes, and catalyze platform engagement and user base growth.

$GARI is a Solana-based cryptocurrency and acts as both – an in-app currency and a governance token. With $GARI, the platform is able to empower video creators and digital artists to make money in crypto for creating and sharing their content while enabling the audience to earn with watch-to-earn, engage-to-earn and play-to-earn features in the Chingari app.

GARI Network Official: https://gari.network/

GARI token is capped to 1B in total supply and has an unlock structure to support 200 to 300M in circulating supply at the end of year 1. According to its whitepaper, 25% of the tokens are distributed to Chingari Community Reserve Treasury; 15% are distributed to Advisors & Team; 10% to Seed Round; 5% are distributed to Airdrop to current Chingari users; 15% are distributed to Staking rewards;10% are distributed to Private Sale; 20% are distributed to Public Sale.

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*Disclaimer: The information presented in this podcast is for informational purposes only, and not financial advice in any way. Trading cryptocurrencies comes with high risks, so make sure to do your own research before committing your capital to any investment.

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