Business
oi-Shubham Kumar
The social crypto token GARI has been listed on CoinDCX, India’s top cryptocurrency exchange. According to the firm, GARI’s listing on CoinDCX would provide its more than 75 lakh Indian consumers with another way to get access to one of the largest projects on the Solana blockchain. Over 1 crore people had registered on CoinDCX. In a tweet, GariNetwork announced the news of listing on the CoinDCX platform.
The world’s most popular social token, @GariToken is now available to more than 10 million users on @CoinDCX ? #ToTheMoon?#cryptocurrency https://t.co/u4Fy8WTsLO
— GARI DAO (Hiring) (@GariToken) March 2, 2022
The listing would increase the GARI’s liquidity and penetration into the Indian community at large. The listing was created expressly to meet the needs of the country’s tens of thousands of regional artists.
“This listing is a huge moment for us as it will allow the creators from every nook and corner of India to trade the GARI token. This has come as a giant leap towards our goal of financially empowering creators on our short video app, Chingari, who have largely been ignored by the global short app platforms,” Sumit Ghosh, CEO and Co-founder Chingari said.
Kucoin, MEXC, Zebpay, Bitmart, Huobi, and FTX are among the platforms that have previously listed GARI. CoinDCX has announced that Solidus Labs, a crypto-native risk monitoring business, has been named as a key compliance partner.
Chingari, a short-video app that is really “Made in India,” uses GARI as its native token. With the GARI token, Chingari allows short-form video-makers to monetize their work on the blockchain. Chingari is the fastest-growing short-form video app in India. When users make a video on Chingari, they are rewarded with Gari Tokens.
Story first published: Thursday, March 3, 2022, 14:18 [IST]