The Chingari team is proud to announce the upcoming release of their $GARI token on SolRazr’s Launchpad. This marks a major milestone for both projects, creating an opportunity for investors worldwide to gain access to real-world assets via secure peer-to-peer exchanges.
15th December 2021, BENGALURU, INDIA
The much-anticipated $GARI Token Sale has begun.
Chingari, India’s fastest-growing short video sharing website, just launched the $GARI token’s Initial DEX Offering (IDO). The widely awaited IDO is now available on the SolRazr launchpad in Solana.
The $GARI token sale, dubbed the biggest IDO of its type on a launchpad spanning all blockchains, began today, December 15th, and will run through December 18th, 2021. This IDO comes on the heels of Chingari’s recent live token sale on the Republic platform, where the team raised $12.3 million in less than 24 hours — a new record.
Previous token sales have fueled demand and excitement for the $GARI token, which is regarded as India’s first “social crypto token.” Salman Khan, Bollywood megastar and Chingari brand ambassador, sponsored a private event to formally unveil the $GARI token.
Simultaneously, the Chingari app has established itself as one of India’s fastest-growing social applications, outpacing popular apps like as Facebook, Reddit, and other domestic short video apps such MX TakaTak, Moj, Josh, and others. According to recent statistics, the Chingari app has been downloaded more than 90 million times and has over 32 million active users.
The $GARI token has a positive outlook. “The $GARI crypto coin is created on the Solana blockchain network,” says Chingari CEO and Co-Founder Ghosh, Sumit. It will enable Chingari app content providers to build their own eCommerce section with real things, launch NFT initiatives, and let customers support their favorite artists. We picked SolRazr to conduct our IDO token sale since the platform is based on Solana as well, and we believe it is the ideal platform for ensuring a fair and transparent process.”
The $GARI token sale will be conducted on a first-come, first-serve basis since the Chingari team has not created a whitelisting method. Users may buy the tokens starting today by connecting their private wallets, such as Phantom Wallet and Sollet Wallet. However, users must complete KYC in order to participate in the IDO, and they must pay a modest amount of Solana (SOL) to cover the transaction’s gas price.
The $GARI IDO on SolRazr has two pools: the “Open Community Pool,” which has 30 million $GARI tokens, and the “SolRazr Community Pool,” which has 10 million $GARI tokens. The minimum donation is $100, with a maximum commitment of $500,000. In addition, the Chingari team is giving a variety of stake levels and awards.
“We are pleased to launch the $GARI token on SolRazr,” Vijay Kalangi, Co-Founder of SolRazr, said of hosting the largest-ever IDO on any launchpad. This will be the largest IDO on any cryptocurrency launchpad. We ensured that purchasing $GARI was a simple and painless transaction. To win the lottery, users do not need to apply for the whitelist. They may start the IDO procedure right now.”
Chingari is a short video-sharing app with the goal of putting content producers at the heart of the platform’s ecosystem and value proposition. Chingari is an app designed specifically for Indian audiences that allows users to make and share videos with amazing effects and games, buy for items, send messages, and more. Chingari is one of India’s fastest-growing social media networks, with more than 90 million downloads and 32 million active users. It is also the most popular app of its type.
SolRazr is a character in the game SolRazr.
SolRazr, Solana’s first decentralized developer ecosystem, includes Launchpad, Accelerator, and Developer Tools, among other things. All Solana blockchain-based software projects will use this platform as the “de facto” financing and development platform. By offering a high-performance network with add-on features like tradable allocations, accelerator and incubator programs, and cross-chain pools, the SolRazr team hopes to assist speed the growth of the embryonic decentralized finance (DeFi) ecosystem.
- Sumit Ghosh