Chingari to Offer $GARI Tokens on Solana-based Launchpad SolRazr
by
Chingari
Could this be the biggest IDO ever?
Big things are happening on the blockchain, no least for one major short video streaming service that has taken the Indian market by storm. Chingari has moved fast to fill the gap left behind following TikTok's ban from that region.
It currently boasts over 85 million app downloads and over 32 million active users.
For Chingari the last several months have been a whirlwind, especially in terms of funding rounds.
Following a $12.3 million funding raise from their native $GARI token on the Republic platform, and a private fund raising round which drew $19 million from a select group of funds and investors, now this giant social media company has just announced its own IDO and it seeks to smash records.
Wednesday 15th plays host to what Chingari hopes will be the largest ever IDO or Initial DEX offering ever to go down in history.
An eCommerce ecosystem on the blockchain
The IDO will see Chingari offering out their much sought after $GARI tokens to the public via the SolRazr launchpad. SolRazr are also excited about the launch of India’s first ever Indian IDO. They had this to say,
“We are excited to launch the $GARI token on SolRazr. This will be the biggest IDO on any launchpad in the crypto sphere. $GARI will help creators on Chingari create their e-commerce ecosystem through physical merchandise, NFTs, and raising funds from their fans directly,” said Sreekanth Kalapur, Co-Founder of SolRazr.
“We made sure that the process to buy $GARI is smooth and frictionless. Users don't have to apply for the whitelist to win the lottery. They can go straight to the IDO process,” added Vijay Kalangi, Co-Founder of SolRazr.
Chingari is based on the much talked about Solana network, which is lauded for its speed, security and the competitive fees it takes.
According to Solana, "Collective ownership of social platforms like Chingari has the potential to upend the creator-platform relationship and unlock new monetisation models for creators. Solana blockchain's high throughput, low transaction fees, and fast finality make it a great foundation for platforms targeting global adoption."
Why Chingari is unique
Chingari’s unique proposition, which has seemingly had investors excited thus far, is for the fact that it adopts a different model from its competitors including YouTube and Tik Tok.
That is the fact that it incentivizes both its creators, and its users, those who watch the videos. Users redeem $GARI tokens by simply watching videos and engaging with their favorite content creators, in what is a unique model in this arena.
Those interested in getting hold of $GARI tokens are encouraged to visit SolRazr from the 15th December for just one day.
Big things are happening on the blockchain, no least for one major short video streaming service that has taken the Indian market by storm. Chingari has moved fast to fill the gap left behind following TikTok's ban from that region.
It currently boasts over 85 million app downloads and over 32 million active users.
For Chingari the last several months have been a whirlwind, especially in terms of funding rounds.
Following a $12.3 million funding raise from their native $GARI token on the Republic platform, and a private fund raising round which drew $19 million from a select group of funds and investors, now this giant social media company has just announced its own IDO and it seeks to smash records.
Wednesday 15th plays host to what Chingari hopes will be the largest ever IDO or Initial DEX offering ever to go down in history.
An eCommerce ecosystem on the blockchain
The IDO will see Chingari offering out their much sought after $GARI tokens to the public via the SolRazr launchpad. SolRazr are also excited about the launch of India’s first ever Indian IDO. They had this to say,
“We are excited to launch the $GARI token on SolRazr. This will be the biggest IDO on any launchpad in the crypto sphere. $GARI will help creators on Chingari create their e-commerce ecosystem through physical merchandise, NFTs, and raising funds from their fans directly,” said Sreekanth Kalapur, Co-Founder of SolRazr.
“We made sure that the process to buy $GARI is smooth and frictionless. Users don't have to apply for the whitelist to win the lottery. They can go straight to the IDO process,” added Vijay Kalangi, Co-Founder of SolRazr.
Chingari is based on the much talked about Solana network, which is lauded for its speed, security and the competitive fees it takes.
According to Solana, "Collective ownership of social platforms like Chingari has the potential to upend the creator-platform relationship and unlock new monetisation models for creators. Solana blockchain's high throughput, low transaction fees, and fast finality make it a great foundation for platforms targeting global adoption."
Why Chingari is unique
Chingari’s unique proposition, which has seemingly had investors excited thus far, is for the fact that it adopts a different model from its competitors including YouTube and Tik Tok.
That is the fact that it incentivizes both its creators, and its users, those who watch the videos. Users redeem $GARI tokens by simply watching videos and engaging with their favorite content creators, in what is a unique model in this arena.
Those interested in getting hold of $GARI tokens are encouraged to visit SolRazr from the 15th December for just one day.
Kadena Announces Annelise Osborne as Chief Business Officer
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
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20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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