Indian “TikTok killer” Chingri now has its own native token, GARI, which is listed by CoinDCX. Why is it important for Web3 social media?
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- GARI debuts on CoinDCX: Spark is now in touch with 10 million users
- Why is GARI important to spark?
Chingari, a short video platform that promotes itself as an India-focused analogue of TikTok, has achieved another important milestone for its token, GARI.
GARI debuts on CoinDCX: Spark is now in touch with 10 million users
As per the official announcement shared by of spark The team, its token, GARI, will be listed on CoinDCX, a mainstream centralized exchange.
Since it is one of the most popular cryptocurrency applications in India, the protocol is exposed to a previously unseen audience. Considering that the current CoinDCX user base exceeds 10 million users, this marks a major milestone for Spark in terms of mass adoption.
Prior to being listed on CoinDCX, the GARI token was added to other top-level CEXes such as KuCoin, MEXC, BitMart, Huobi, FTX, etc.
Commenting on the announcement, Mr. Sumit Ghosh, Co-Founder and CEO, Spark, emphasized that this listing is a major milestone in the marketing campaign of their product:
This listing is a huge moment for us as it will allow manufacturers from all corners of the world to trade GARI tokens. This comes as a big leap towards our goal of financially empowering creators on our short video application.
Why is GARI important to spark?
GARI is a key core utility asset of Spark that is designed to inspire its users to create and promote its content.
GARI is a backbone element of Spark’s Tokenomics: its initial decentralized exchange offering raised $32 million.
Now Spark has established itself as one of the most popular “real-world” decentralized applications on the high-performance blockchain Solana (SOL).