OKEx, the world’s second-largest crypto change by buying and selling quantity, has launched GARI token on its platform. The crypto buying and selling platform has additionally made a strategic funding of an undisclosed quantity in Chingari.
Bollywood actor Salman Khan launched GARI, India’s first social crypto-token, final yr.
The GARI Token, which is the primary Indian social token to record on OKEx, introduces to Chingari App customers a gateway into the blockchain area.
As per OKEx, the Gari Token (GARI) sale will go stay on 18 January. This token sale is devoted to South Asia. The Allotment Session will go stay at 4:00 (UTC) with a most allotment of 7500 GARI per particular person. Quickly after, the GARI spot buying and selling pairs will probably be made accessible on OKEx.
GARI token will probably be accessible completely for South Asian customers of OKEx from India, Pakistan, Nepal, Bhutan, Sri Lanka and Maldives
Commenting on the event, Asia CEO of OKEx, Netero, mentioned: “By way of this partnership, we purpose to empower the Chingari App neighborhood with revolutionary blockchain know-how which is able to simplify content material monetization for inventive customers of the app. We’re all the time open to alliances with corporations which share our imaginative and prescient for blockchain tech”.
GARI is a social token for the neighborhood of Chingari creators that may give them governance authority over the long run platform developments by the DAO and create a round economic system. GARI would allow content material monetization to grow to be extra mainstream in India and the blockchain platform would permit customers to acquire tokens for creating and viewing content material.
“GARI will allow 30 million month-to-month lively customers of Chingari Quick video app to get on-chain. For the primary time within the historical past of blockchain apps, an app will onboard thousands and thousands of customers on-chain, on the launch day,” mentioned Sumit Ghosh, founder and CEO of Chingari.
A complete of 5 million GARI tokens will probably be made accessible on OKEx Jumpstart platform as soon as the token sale goes stay at a unit worth of 0.2 USDT per GARI with a person minimal subscription quantity of 1 GARI. In the course of the token sale, customers will have the ability to buy GARI token solely utilizing the OKB token, which is OKEx’s native token.
Supply: Live Mint