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Crypto news: Top social App ‘Chingari’ unveils wallet featuring $GARI crypto; know everything here

The Short video-making app ‘Chingari’ announced that it has launched an updated mobile application on Google Play Store and Apple App Store.

New Delhi: The Short video-making app ‘Chingari’ announced that it has launched an updated mobile application on Google Play Store and Apple App Store. The latest update app also features the native $GARI token on its platform. The news of the revamped mobile application was shared by the company on February 14.

The company is reportedly further planning to launch an in-app wallet with $GARI as the main token in the ecosystem.

In the article, we will try to explain to you – What is Chingari? What is $GARI?

What is Chingari?

Chingari is a decentralized short video-making platform akin to Tiktok, Instagram Reels, or Youtube Shorts. It was launched in 2018. The app allows content creators to upload their short videos and receive incentives in form of $GARI tokens.

The company said, ”$GARI will allow users to ‘tip’ their favourite content producers on the Chingari app and ‘boost’ their profile and content.”

What is Chingari's $Gari coin launched by Salman Khan? Read here

”Users can also deposit and withdraw $GARI from their in-app wallet,” it added in the statement.

As per the company, it has one of the largest social media apps in India with over 100M+ downloads and 35M+ active users.

What is $GARI token?

$GARI, a native token on the Chingari app, was launched in October 2021. The company believes the cryptocurrency incentives will build a creator-centric model and prompt better content creation on the app.

The daily trading volume of the token has been recorded at over $50 million. It is also listed on top centralized exchanges.

Amid the news of the update of Chingari and $GARI, many are also searching about Salman Khan crypto. Further in this article, you can also understand the connection between Salman Khan and $GARI.

$GARI, a SPL token, is powered by the Solana blockchain and is known for its faster transactions and lower fees than fellow crypto Ethereum.

$GARI

”This will be a game-changer in the Chingari App when millions of users will experience the integration of GARI,” said Sumit Ghosh, on the latest integration of the in-app $GARI wallet, CEO and Co-founder of Chingari.

Salman Khan’s connection with GARI

Salman Khan’s name is being associated with the crypto token, GARI, because he launched the token in Mumbai in October. The launch was taken place at a public event at Taj Lands’ End.

Notably, Salman Khan is the brand ambassador for GARI and its reward program.