GARI Network Introduction
- Project Introduction
Gari is Empowering Short Video Content Creators With Social Tokens.
The GARI Token offers Chingari App users a gateway to the blockchain space. The goal is to empower both creators and viewers on the Chingari App with technological tools to interact directly with each other and allow all users on the Chingari App to participate in the long-term direction of the social economy impacting the GARI Token.
The GARI Token is interconnected with the Chingari App, opening to Chingari App users a wider blockchain world where they directly control their assets and can use their tokens to connect and transact with their counterparties, place governance votes, and catalyze platform engagement and user base growth.
Key features：
Tipping: Users can use the Gari tokens in their in-app Gari wallet to tip their favourite content creators directly from the video feed as well as from the Creator’s profile. These transactions are completely on-chain.
Boost: Creators will be able to boost their profile and posts to 100M+ chingari users, while making the payment for the service through $Gari.
Token Gated access: Gari holders can access exclusive content on Chingari platform by staking their tokens on creator pools.
Governance: $Gari holders will be able to stake and earn yield as well as vote on proposals to decide the future direction of the platform.
NFTs: Chingari will be the world's biggest video NFT marketplace. These NFTs can only be purchased with $Gari tokens.
Audio Rooms Currency: Audio rooms is a feature on Chingari app, similar to Clubhouse, where creators can connect with their followers over audio meetings. $Gari will be used by users to purchase gifts for these creators.
Token distribution and lock-in:
| Allocation |
Allocation Rate |
Token Release Schedule |
| Seed |
10.00% |
2 Years lockup. 50% Unlock at Year 2, with the rest vesting equally every 30 days over four months. |
| Private |
10.00% |
2 Years lockup. 50% Unlock at Year 2, with the rest vesting equally every30 days over four months. |
| SAFTO |
12.48% |
2 Years lockup. 50% Unlock at Year 2, with the rest vesting equally every30 days over four months. |
| Public Sale (Unlocked) |
2.06% |
Fully Unlocke |
| Public Sale (Vest 12) |
0.50% |
12 Months Lockup, 100% after lockup. |
| Public Sale (Vest 18) |
0.85% |
18 Months Lockup, 100% after lockup. |
| Public IDO (Unlocked) |
0.67% |
Fully Unlocked |
| Public IDO (Vest 12) |
0.84% |
12 Months Lockup, 100% after lockup. |
| Public IEO-Huobi |
0.50% |
Fully Unlocked |
| Public IEO-Okex |
0.50% |
Fully Unlocked |
| Public IEO-MXC |
0.1% |
Fully Unlocked |
| Airdrop |
5.00% |
6 Months Lockup In App |
| Market Making |
1.50% |
For Market Making |
| Reserve |
25.00% |
Requires Voting to be unlocked. |
| Team |
15.00% |
To be staked for Voting |
| Rewards |
15.00% |
Mints at 10% APY to stakers distributed monthly Staking |
Project timeline:
Q3 2021
- Development on GARI started
- $300k Solana Grant
- $4M funding led by Republic and Co-led by Galaxy Digital
- Private Sale to Crypto VCs ($15M)
Q4 2021
- Chingari Integration Beta Live
- Test Blockchain in devnet
- Public Sale on Republic (Raised $12.3 million)
- Launched GARI global communities - Indonesia,Vietnam, China, Turkey, Philippines,Africa
- Smart Contract Security Audits - Quantstamp / Solidified
- GARI X SolRazr IDO - $6 Million
- Equity Raise - $15 million
Q1 2022
- GARI Airdrop Campaign Distribution #1
- Wallet Launch (show wallet screens)
- Transactional Mechanics
- Exchange Listing
- Smart Contract Deployment on Mainnet
- Release of Android and iOS
- GARI Artist NFT deal (major electronic music producer)
- GARI Hacker House established
- Centralized Exchange Listing
- GARI Airdrop Campaign Distribution #2
- Audio Rooms Utility
- Rewards Earning
- GARI NFT Marketplace
- Community engagement with hackathons and tech fests
- Smart Contract and Gari Wallet on Public Github
- Release of Web Wallet
- South-East Asia Launch
Q2 2022
- Multiplex
- Latin America and Africa Launch
2023
- Europe and US Launch
- TBA
Team background：
Sumit Ghosh
Scaled his 1st startup to 9M revenue , Master of user acquisition
Deepak Salvi
20+ yrs industry experience, creative mind behind Zee5’s OTT launch
Tariq Wali
Innovative technology leader in product development with proven record of building and scaling products like Disney+ Hotstar, Airtel Xstream.
Biswatma Nayak
Seasoned technologist with a decade’s experience. Expertise in developing highly scalable social media applications and involved in many solutions, from ideation and architecture to implementation and shipping.
Related links:
Website : https://gari.network
Twitter : https://twitter.com/GariToken
Facebook : https://www.facebook.com/garitoken/
Instagram : https://www.instagram.com/gari.network/
Discord : http://Discord.gg/garitoken
Telegram: https://t.me/garitokenofficial
Medium: https://medium.com/@gari.network
Content on this page was provided by the GARI Network team.
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